Kenanga Investment Bank Launches Annual Flagship Fraud Awareness Campaign to Boost Good Governance and ESG Integration
KUALA LUMPUR, MALAYSIA - Media OutReach
- 15 November 2021 - With Kenanga
Investment Bank Berhad ("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.
- Tan Sri Azam Baki, Chief Commissioner of
the Malaysian Anti-Corruption Commission
- Dato' Seri Akhbar Satar, President of the
Malaysian Association of Certified Fraud Examiners (MACFE)
- Datuk Chay Wai Leong, Group Managing
Director of Kenanga Investment Bank Berhad
- Maheswari Kanniah, Chief Regulatory Officer
of Kenanga Investment Bank Berhad
'Reinforcing Ethical Values through Regulatory Dynamism', delegates of public
listed companies, professional bodies, as well as, over 290 representatives
from Malaysian Anti-Corruption Commission (MACC), Bursa Malaysia Berhad,
Securities Commission Malaysia, Bank Negara Malaysia, Employees' Provident Fund
and Kenanga Group, 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. The dedication and commitment held by Kenanga
Investment Bank Berhad through its FAW programme in promoting anti-fraud
awareness is outstanding, and I am optimistic that MACC and Kenanga can further
strengthen the existing bond in fighting corruption."
"We are very pleased that we
have managed to expand an internal campaign which 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," commented Datuk Chay Wai Leong, Group Managing
Director, Kenanga Investment Bank Berhad.
Maheswari Kanniah, the Group Chief
Regulatory and Compliance Officer of Kenanga Investment Bank Berhad added, "With
the recent spike in cybercrimes, triggered by the sudden shift towards online
transactions due to the pandemic, this year's campaign has been bolstered with
an emphasis on cyber security. To safeguard against this concern, 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
"We must 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. Participating in FAW is
one step taken towards being part of the solution as it raises awareness on
fraud and corruption," mentioned Dato' Sri Akhbar Satar, President of the
Malaysian Association of Certified Fraud Examiners (MACFE).
This flagship campaign, which is rolled-out
annually in conjunction with the International FAW of the Association of
Certified Fraud Examiners headquartered in Austin, Texas, serves to complement
the full suite of policies, frameworks, and robust internal controls Kenanga Group
has in place to embed good business conduct and high standards of integrity, operate ethically
and transparently, as well as, in compliance with applicable laws and
The issuer is solely responsible for the content of this announcement.
About Kenanga Investment Bank Berhad 197301002193 (15678-H)
Established for more than 45 years,
Kenanga Investment Bank Berhad ("the Group") is a financial group in Malaysia
with extensive experience in equity broking, investment banking, treasury,
Islamic banking, listed derivatives, investment management, wealth management,
structured lending and trade financing.
The Group has garnered a host of
awards and accolades reflecting its strong market position. It was awarded
under the categories of Best Overall Equities Participating Organisation by
Bursa Malaysia, Best Overall Derivatives Trading Participant, Best Structured
Warrant Issuer, Best Retail Equities Participating Organisation, Best
Institutional Equities Participating Organisation Investment Bank; along with
Best Trading Participant and Best Institutional Equities Participating
Organisation and for Equity and Financial Derivatives for 18 consecutive years.
The Group was also accorded the title of Best Institutional Derivatives Trading
category by Bursa Malaysia.
The Group continues to be a regular
and repeat recipient of distinguished industry accolades, such as the Lipper,
Fundsupermart and Morningstar awards. For its continued efforts towards
community outreach and employee volunteerism, the Group was awarded the coveted
company of the year award for environmental awareness and sustainability at
Sustainability & CSR Malaysia Awards 2020.
Today, Kenanga Investment Bank Berhad
is an award-winning leading independent investment bank in the country with a
continuous commitment towards driving collaboration, innovation, and
digitalization in the marketplace.