Malaysia to Reward and Protect Whistleblowers Under Competition Law Amendments
PUTRAJAYA, Feb 26 — Malaysia is moving to introduce financial rewards and legal safeguards for whistleblowers as part of proposed amendments to the Competition Act 2010, aimed at strengthening efforts to combat cartel activity and anti-competitive conduct.
Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said the reforms would give the Malaysia Competition Commission (MyCC) clearer authority to protect individuals who provide information about violations.
He explained that under the current legal framework, whistleblowers in competition cases do not receive direct protection from MyCC, as existing whistleblower laws only apply to criminal offences and disciplinary misconduct.
Competition law violations, however, fall under civil enforcement, creating a gap in protection.
The proposed amendments would allow MyCC to safeguard whistleblower identities and ensure their confidentiality during investigations, hearings, and legal proceedings.
Reward System to Encourage Insider Cooperation
In addition to legal protection, MyCC would also be empowered to offer financial incentives to individuals whose information leads to enforcement action or successful prosecution.
Armizan said this measure is intended to encourage greater cooperation from insiders and members of the public who may have knowledge of illegal practices.
He noted that cartel operations and bid-rigging schemes are often highly secretive, making insider information critical for detection.
“By providing both protection and rewards, we hope more individuals will come forward without fear,” he said.
Authorities believe the move will enhance transparency and strengthen enforcement against companies that attempt to manipulate the market.
Amendments Near Completion, Await Parliamentary Approval
Armizan confirmed that the proposed changes have already been approved at the Cabinet level and are now awaiting formal presentation in Parliament.
He made the announcement at an event in Putrajaya, where he witnessed the signing of a memorandum of understanding involving MyCC.
The reforms are expected to improve Malaysia’s competition enforcement framework and promote fair business practices.
Officials believe the new provisions will play a key role in ensuring market integrity and protecting consumers from anti-competitive behaviour.
The initiative is also seen as part of broader efforts to modernise Malaysia’s economic governance and maintain investor confidence.
-wilayah.com.my
