Malaysia
News and blog
Malaysian compliance event and training courses
Gemma Aiolfi, Head of Compliance, Corporate Governance and Collective Action at the Basel Institute on Governance, took part in a dialogue on Anti-Corruption Compliance and Collective Action organised by the Malaysian Institute of Management MIM . The invitation-only event took place in the Malaysian capital Kuala Lumpur on Tuesday, 30 October 2018. It is part of the institute's Crucial Conversations@MIM series. In collaboration with MIM, the Basel Institute on Governance has run a series of training courses on Corporate Governance, Compliance and Anti-Corruption Compliance. The courses are designed for directors and senior managers of companies in Malaysia, as well as all employees responsible for corporate governance, compliance and anti-corruption compliance. The courses are also popular with public sector and industry leaders, policy makers, academics and students interested in pursuing a career in corporate governance and compliance. The three modules can be taken separately or as part of a diploma awarded by the Basel Institute on Governance. Certificate in Compliance: A three-day course offering an insight into good compliance practices and the skills to lead effective compliance programmes. Certificate in Anti-Corruption Compliance: A three-day course offering a comprehensive and robust framework for anti-corruption compliance to help organisations face current and future corruption challenges. Certificate in Corporate Governance: A three-day course exploring a range of governance-related subjects and best practices. Diploma in Corporate Governance and Compliance: A combination of the three core modules, this nine-day programme offers a comprehensive and robust framework for corporate governance, compliance and anti-corruption compliance. For more information about Crucial Conversations@MIM events and the Corporate Governance and Compliance courses, please contact the Malaysian Institute on Management. Find out more about the Basel Institute's division for Corporate Governance and Compliance.
Corporate Governance Capacity Building Initiative for Malaysian SMEs
The Corporate Governance Capacity Building Initiative for Malaysian SMEs, an effort of the Malaysian Institute of Management MIM in conjunction with the Basel Institute on Governance kicked off with a half–day conference on "stepping up corporate governance and anti-corruption practices", specifically in the SME sector on 20 July 2017. It focused on the importance of SMEs, the backbone of the Malaysian economy, to take ownership of compliance and corporate governance to ensure sustained competitiveness on the global market. For more key takeaways from the conference keynote speakers, Gemma Aiolfi Basel Institute and David Risser Nestor Advisors , see this article by the Malaysian Reserve . The event was flanked by a five-day training programme geared towards local experts with industry background and work experience in the areas of governance and compliance conducted by Gemma Aiolfi, Head of Compliance and Corporate Governance / Collective Action at the Basel Institute, and David Risser Partner of Corporate Governance, Nestor Advisors. The participants will be certified as trainers in the following areas: Corporate Governance, Compliance and in Anti-Corruption Compliance. Following the completion of the training, MIM is planning to roll out its Diploma Corporate Governance and Compliance programme in the final quarter of this year.
ICCA presents at the 16th International Anti-Corruption Conference in Malaysia
The ICCA was represented in panel discussions during two Game Changer sessions at the September 2015 edition of the International Anti- Corruption Conference IACC in Malaysia. The first session addressed efforts from the private sector to promote transparency and integrity, with a focus on Latin America and the Caribbean. The High Level Reporting Mechanism experiences in Colombia were highlighted in this regard. The second session, entitled “Collective action: mission impossible or a way to a better future?”, aimed to understand the success factors in anti-corruption Collective Action, to shed light on the challenges relating to inclusiveness, sustainability and the monitoring of results from Collective Action initiatives.
Publications
Working Paper 48: A collaborative approach to improve business integrity in ASEAN: Case studies of anticorruption Collective Action in the region
This working paper provides an overview and analysis of anti-corruption Collective Action case studies in the ASEAN region. It builds on the 2014 paper: Collective Action against Corruption: Business and Anti-Corruption Initiatives in ASEAN, which was published by the ASEAN CSR Network and the Asian Institute of Management.
This 2023 paper reviews the initiatives featured in the 2014 paper and highlights new initiatives that have emerged in the region since then. It covers:
- Indonesia: Indonesia Business Links
- Malaysia: Corporate Integrity System Malaysia
- Philippines: Integrity Initiative and project SHINE
- Thailand: Collective Action Against Corruption
- Thailand: Anti-Corruption Organization of Thailand
- Vietnam: Vietnam Chamber of Commerce & Industry and its Office for Business
The analysis identifies several success factors, while noting that Collective Action is a flexible approach that can and must be tailored to different contexts.
About this Working Paper
The authors would like to thank the Asian Institute of Management and the representatives of the initiatives featured in this paper for their time and contributions.
This paper is made possible through the support of the Siemens Integrity Initiative.
The publication is part of the Basel Institute on Governance Working Paper Series, ISSN: 2624-9650. You may share or republish the Working Paper under a Creative Commons Attribution NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND 4.0).
Suggested citation: Binder, Lucie, Vanessa Hans, and Anna Stransky. 2023. ‘A collaborative approach to improve business integrity in ASEAN: Case studies of anti-corruption Collective Action in the region.’ Working Paper 48, Basel Institute on Governance. Available at: https://baselgovernance.org/publications/wp48.
Working Paper 38: Cryptocurrencies in Asia and beyond: law, regulation and enforcement
The crypto industry has exploded in recent years, and authorities in different countries have been reacting in very different ways. Some have banned cryptocurrencies, while others are embracing them to varying degrees. Some are working hard to align their anti-money laundering regulations with FATF standards, while others are turning a blind eye. A few countries have confiscated huge quantities of crypto assets linked to crime and money laundering. Others are at square one in terms of enforcement, risking becoming a hub for crypto crime and money laundering and posing a serious vulnerability in the world’s financial system.
This Working Paper draws on a detailed analysis of how selected countries are addressing legal, regulatory and enforcement issues around cryptocurrencies and other virtual assets. The analysis is focused on Asia, but set in the context of global trends in crypto law, regulation and enforcement. It explores critical questions that will shape policies around virtual assets at the corporate, national and international levels:
- What is working in terms of crypto regulation and enforcement?
- What are the implications of different policy choices on crypto assets – for the industry, for the countries themselves and for global financial integrity as a whole?
- What would the crypto wave possibly bring next?
The Paper also highlights broader developments needed to bring light and clarity to laws, policies and practices around the crypto industry, such as collaboration between both market players and governments.
Jurisdictions touched upon in this Working Paper alphabetically include Bhutan, Central African Republic, El Salvador, Hong Kong SAR, India, Indonesia, Japan, Kazakhstan, Malaysia, Myanmar, Russia, Singapore, South Korea, the Philippines, the People’s Republic of China, Thailand, Ukraine and Vietnam.
A list of key terms and abbreviations have been prepared in the Annex to this Working Paper for the readers’ easy reference.
About this Working Paper
This Working Paper is a collaboration between Dorothy Siron, Co-Managing Partner, Zhong Lun Law Firm LLP and Federico Paesano, Senior Financial Investigation Specialist, Basel Institute on Governance.
Dorothy Siron provided the bulk of the analysis and discussion, while Federico Paesano provided a selection of case studies and was co-author of the seven recommendations contained in section 4. The collaboration was facilitated by the International Academy of Financial Crime Litigators, an independent, non-partisan global centre that shapes and advances financial crime litigation practices for the future.
The publication is part of the Basel Institute on Governance Working Paper Series, ISSN: 2624-9650. It is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND 4.0).
Suggested citation: Siron, Dorothy, and Federico Paesano. 2022. “Cryptocurrencies in Asia and beyond: law, regulation and enforcement.” Working Paper 38, Basel Institute on Governance. Available at: https://baselgovernance.org/publications/wp-38
Disclaimer: This Working Paper does not, and is not intended to, constitute and/or substitute legal or other professional advice. The content of this Working Paper is updated as of 4 May 2022 and is intended for general informational purposes only. No representations have been made as to its accuracy and completeness. You should seek independent legal or other professional advice before acting or relying on any of the information contained herein.
Handbook: Curbing Corruption in Public Procurement
This Handbook for Curbing Corruption in Public Procurement is meant to be a basic introduction for all stakeholders to the challenge of overcoming corruption in the fi eld of public procurement. Our intention is to provide the readers with real world examples of successful actions that have been taken against corruption in a variety of Asian countries. The hope is that these experiences can be “translated” and “exported” to other situations and countries with similar success.
This Handbook is the report resulting from the European Union – Asia Urbs Programme, which provided funds for cross-sectoral workshops on improving public procurement in the three Asian countries described in this Handbook.
This Handbook is broken down into Part I, which is meant to be a “global introduction” to procurement. Part II is further subdivided into three country chapters: Indonesia, Malaysia, and Pakistan. Each of these chapters includes descriptions of the legal and historical context of corruption in public contracting in their country as well as the various steps that have been taken to work against it.