KUALA LUMPUR: The Malaysian Anti-Corruption Commission's (MACC) corporate liability law will come into force on June 1.
The Prime Minister's Office in a statement today said the move was made after taking into account the current situation and views of all parties.
"The government is committed to fighting corruption, enhancing integrity, and implementing good governance.
"Therefore, the government has decided that the implementation of corporate liability law will take effect on June 1, as planned," the statement read.
The provision under Section 17A of the MACC Act 2018, which was passed by the Parliament in 2018, will enable the prosecution of business entities involved in corruption.
The provision will encourage commercial organisations to take appropriate and consistent steps to ensure their businesses do not engage in corrupt activities for their interests.