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

Nur Hazirah Ahamad Kuris, Mohd Zamre Mohd Zahir, Hasani Mohd Ali and Muhamad Sayuti Hassan

Journal of Money Laundering Control, 2022, vol. 26, issue 4, 719-738

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.

Keywords: Corporate gift; Corporate hospitality; Corruption; Commercial organisation; Section 17A MACC (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:jmlc-03-2022-0040

DOI: 10.1108/JMLC-03-2022-0040

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