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The thin line between corporate gift, hospitality and corruption: a legal study on Malaysia’s and the UK’s position

Authors :
Nur Hazirah Ahamad Kuris
Mohd Zamre Mohd Zahir
Hasani Mohd Ali
Muhamad Sayuti Hassan
Source :
Journal of Money Laundering Control. 26:719-738
Publication Year :
2022
Publisher :
Emerald, 2022.

Abstract

Purpose Corporate gift-giving and hospitality are some of the high-risk areas for corruption. This paper aims to see comparisons between the Malaysian Ministerial Guidelines and the UK Guidance and to analyse whether the guideline in Malaysia is adequate in dealing with corporate gift-giving and hospitality. Design/methodology/approach The methodology used in this paper is qualitative research which is based on data collection through online searches, legal databases, information obtained from articles, books, statutes and related government publications. Findings The findings show that the statutory guideline in Malaysia is immature, still not adequate, and lacks detailed regulations in determining gifts and hospitality as corruption (unclear boundary), as compared to the UK law which is more detailed. Originality/value This paper explains on comparison of corporate gift giving and hospitality practise in Malaysia and the UK based on the statutory guidelines.

Details

ISSN :
13685201
Volume :
26
Database :
OpenAIRE
Journal :
Journal of Money Laundering Control
Accession number :
edsair.doi...........879b38ab810ef9355b3d5680167dadef
Full Text :
https://doi.org/10.1108/jmlc-03-2022-0040