Kenanga Investment Bank Bhd (Kenanga Group) accelerating the integration of Environmental, Social, Governance (ESG) aspects into its operations, the Group today launched its fifth annual Fraud Awareness Week (FAW), the highlight of a month-long virtual Fraud Awareness campaign which has united many internal and industry participants in a move to promote the fight against fraud, bribery, and corruption.
Themed ‘Reinforcing Ethical Values through Regulatory Dynamism’, delegates of public listed companies, professional bodies, as well as, over 290 representatives have engaged in interactive anti-fraud games and quizzes and seminars designed to enhance awareness on trends and practices surrounding fraud prevention and detection.
While presenting his keynote address at the virtual opening ceremony today, Tan Sri Azam Baki, the Chief Commissioner of MACC remarked, “We need to continuously work in building critical elements of trust and transparency which will ultimately enable Malaysia to achieve its aspiration to be a corrupt-free nation.”
Group Managing Director Kenanga Group Datuk Chay Wai Leong says, “We started five years ago, into this industry call to action to combat fraud, and at the same time, respond to the United Nations Global Compact’s 10th Principle which emphasises the need for businesses to work against corruption in all its forms.
“As we work to further incorporate ESG criteria throughout our value chain, we are committed to continue amplifying the importance of accountability, integrity, and good governance and rally more people to join the fight against fraud.”
For Maheswari Kanniah, the Group Chief Regulatory and Compliance Officer of Kenanga Group this year’s campaign has been bolstered with an emphasis on cyber security. We are working hand in hand with regulators, solution providers, and the public to raise awareness, tighten controls and enhance measures to manage its risks and exposure.
President of the Malaysian Association of Certified Fraud Examiners Dato Sri Akhbar Satar spoke of the need to educate ourselves on issues relating to fraud and corruption, in addition to being vigilant in taking proactive and preventive steps to deter acts of fraud and corruption.
