MyCC: Cartel whistleblowers to get stronger protection, rewards

The Malaysia Competition Commission (MyCC) is set to significantly enhance protection and rewards for whistleblowers who report cartel activities or bid-rigging practices, according to amendments to the Competition Act 2010 and the Competition Commission Act 2010. MyCC CEO Datuk Iskandar Ismail emphasized the importance of stronger protection, as cartel activities often occur covertly, necessitating the assistance of whistleblowers linked to companies or consumers.

Previously, existing protection was inadequate, leading some whistleblowers to stop providing information after not receiving rewards. Some also feared job loss if they disclosed confidential company data, deterring them from coming forward. Once the amendments are officially published this year, MyCC will be better equipped to offer comprehensive protection to those providing information.

This move will also simplify the process for the public, especially consumers, to lodge complaints about anti-competitive practices. MyCC encourages individuals or companies with relevant information to submit complaints through various channels, including WhatsApp. The amendments also broaden MyCC's role in conducting market studies that impact the public, including in digital economy and e-commerce sectors.

MyCC now has the power to study sectors affecting consumers. Additionally, MyCC's cooperation with international competition agencies ensures the domestic market remains protected from anti-competitive practices by foreign companies.