Malaysian Institute of Integrity ready to assist companies / Anti-graft reform lifts Asia tempered by political risk / Pakistan: Govt report uncovers corruption

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Malaysian Institute of Integrity ready to assist companies developing anti-bribery procedures. “The Malaysian Institute of Integrity (IIM) is committed to helping companies to formulate sufficient procedures to prevent corrupt practices as the Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act 2009 will come into force tomorrow (June 1), imposing steep penalties for corporate corruption. Its senior general manager (Corporate Services) Hamilye Sham Harun said IIM provides instruments and management systems including training to the board of directors on awareness and prevention, as well as on anti-bribery management systems (ABMS), corruption risk management (CRM) and individual integrity profile (IIP).” 

 

 

 

Anti-graft reform lifts Asia tempered by political risk (opinion). “These developments serve as a reminder that companies need to factor in political risk into their compliance programs, particularly when operating in the Asian countries at the lower end of the CPI scale. At a minimum, this means screening potential partners who may be politically exposed persons (PEPs). (…) Political savvy will therefore continue to be a crucial differentiator on all these markets as part of – not a replacement for – well-designed compliance programs. International companies will be better placed to resist political pressures, including demands for illicit favors, to the extent that they can demonstrate that they have consistent integrity policies, and live by them. 

 

 

 

Pakistan: Govt report uncovers corruption in CPEC projects. An internal report of a committee formed by the Pakistani government in August 2019 has shed light on corruption and lack of transparency in the projects related to the China-Pakistan Economic corridor (CPEC). The report has uncovered Beijing’s real intentions behind the CPEC, often hailed as the symbol of Pakistan-China bonhomie. The CPEC’s final objective is said to be exploiting Pakistan’s shirking economy through the creation of corrupt elite and a friendly army establishment. 

 

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