KUALA LUMPUR: With Kenanga Funding Financial institution Bhd (Kenanga Group) accelerating the mixing of Environmental, Social, Governance (ESG) elements into its operations, the Group launched its fifth annual Fraud Consciousness Week (FAW), the spotlight of a month-long digital Fraud Consciousness marketing campaign which has united many inside and trade contributors in a transfer to advertise the struggle in opposition to fraud, bribery, and corruption.
Themed ‘Reinforcing Moral Values via Regulatory Dynamism’, delegates of public listed firms, skilled our bodies, in addition to, over 290 representatives from Malaysian Anti-Corruption Fee (MACC), Bursa Malaysia Bhd, Securities Fee Malaysia, Financial institution Negara Malaysia, Workers’ Provident Fund and Kenanga Group, have engaged in interactive anti-fraud video games and quizzes and seminars designed to reinforce consciousness on traits and practices surrounding fraud prevention and detection.
Whereas presenting his keynote handle on the digital opening ceremony, Tan Sri Azam Baki, MACC chief commissioner stated that, “We have to repeatedly work in constructing important components of belief and transparency which is able to finally allow Malaysia to realize its aspiration to be a corrupt-free nation.
“The dedication and dedication held by Kenanga Funding Financial institution Bhd via its FAW programme in selling anti-fraud consciousness is excellent, and I’m optimistic that MACC and Kenanga can additional strengthen the present bond in combating corruption,”Azam added.
“We’re more than happy that we’ve managed to broaden an inside marketing campaign which we began 5 years in the past, into this trade name to motion to fight fraud, and on the identical time, reply to the United Nations World Compact’s tenth Precept which emphasises the necessity for companies to work in opposition to corruption in all its kinds,” stated Datuk Chay Wai Leong, group managing director, Kenanga Funding Financial institution Bhd.
“As we work to additional incorporate ESG standards all through our worth chain, we’re dedicated to proceed amplifying the significance of accountability, integrity, and good governance and rally extra individuals to affix the struggle in opposition to fraud,” Chay added.
Maheswari Kanniah, chief regulatory and compliance officer of Kenanga Funding Financial institution Bhd shared that, “With the current spike in cybercrimes, triggered by the sudden shift in direction of on-line transactions as a result of pandemic, this yr’s marketing campaign has been bolstered with an emphasis on cyber safety.
“To safeguard in opposition to this concern, we’re working hand in hand with regulators, answer suppliers and the general public to boost consciousness, tighten controls and improve measures to handle its dangers and publicity,” Maheswari defined.
“We should educate ourselves on points regarding fraud and corruption, along with being vigilant in taking proactive and preventive steps to discourage acts of fraud and corruption,” stated Datuk Seri Akhbar Satar, president of the Malaysian Affiliation of Licensed Fraud Examiners (MACFE).
“Collaborating in FAW is one step taken in direction of being a part of the answer because it raises consciousness on fraud and corruption,” Akhbar added.
This flagship marketing campaign, which is rolled-out yearly along side the Worldwide FAW of the Affiliation of Licensed Fraud Examiners headquartered in Austin, Texas, serves to enrich the total suite of insurance policies, frameworks, and strong inside controls Kenanga Group has in place to embed good enterprise conduct and excessive requirements of integrity, function ethically and transparently, in addition to, in compliance with relevant legal guidelines and rules.
For extra info on Kenanga Group, go to www.kenanga.com.my.