The Times Australia
News From Asia

.
Men's Weekly

.

Kenanga Investment Bank Highlights Collective Efforts Against Fraud in its 8th Annual Fraud Awareness Week

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 20 November 2024 - Kenanga Investment Bank Berhad ("Kenanga" or "The Group") presents its eighth annual Fraud Awareness Week ("FAW"), highlighting its commitment to deterring fraud and advancing a culture of ethical conduct.

In line with the United Nations Global Compact's 10th Principle, these efforts also reflect the Group's dedication to integrity and ethical conduct in the fight against corruption in all forms.

From left: Maheswari Kanniah, Group Chief Regulatory and Compliance Officer of Kenanga Investment Bank Berhad (“KIBB”); YM Tan Sri Dato’ Paduka Tengku Noor Zakiah Noor Ismail, Founder Emeritus and Adviser of KIBB; Mr. Ganesh Thuraisingham, Head of Asia Pacific Development of the Association of Certified Fraud Examiners; Tan Sri Dato’ Seri Panglima Haji Azam bin Baki, Chief Commissioner of the Malaysian Anti-Corruption Commission; and Datuk Chay Wai Leong, Group Managing Director of KIBB at the launch of KIBB’s flagship programme, Fraud Awareness Week 2024.
From left: Maheswari Kanniah, Group Chief Regulatory and Compliance Officer of Kenanga Investment Bank Berhad (“KIBB”); YM Tan Sri Dato’ Paduka Tengku Noor Zakiah Noor Ismail, Founder Emeritus and Adviser of KIBB; Mr. Ganesh Thuraisingham, Head of Asia Pacific Development of the Association of Certified Fraud Examiners; Tan Sri Dato’ Seri Panglima Haji Azam bin Baki, Chief Commissioner of the Malaysian Anti-Corruption Commission; and Datuk Chay Wai Leong, Group Managing Director of KIBB at the launch of KIBB’s flagship programme, Fraud Awareness Week 2024.

Held in conjunction with the International FAW of the Association of Certified Fraud Examiners ("ACFE"), this year's theme, "Innovate, Integrate, Insulate" calls for a united approach to address the evolving threats of fraud and financial crime in an era of advanced technologies through active industry participation.

Tan Sri Dato' Seri Panglima Haji Azam bin Baki, Chief Commissioner of the Malaysian Anti-Corruption Commission remarked, "Kenanga's FAW stands as a powerful initiative, embodying the proactive stance needed to address the complexities of fraud in today's landscape. Events like these are invaluable, uniting leaders, regulators, and industry experts to foster dialogue and share best practices, and I commend Kenanga for its strong commitment to raising fraud awareness and setting a model of integrity for the industry."

"At Kenanga, our commitment to combatting fraud is steadfast, and we hold integrity as central to our work. Fraud is an ongoing challenge that requires strong, forward-looking strategies, and we are dedicated to strengthening these efforts. Through initiatives such as FAW, we promote a culture of ethical standards and proactive measures to build resilience, where protecting our stakeholders and reinforcing trust remain top priorities as we work to set a dependable standard for ethical practices across the industry," stated Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank Berhad.

The month-long flagship programme featured a variety of activities, including the Opening Ceremony held on-premises at the Asian Institute of Chartered Bankers – marking FAW's first return to an in-person gathering since the Covid-19 pandemic, where the event welcomed Tan Sri Dato' Seri Panglima Haji Azam bin Baki, Chief Commissioner of the Malaysian Anti-Corruption Commission, as its guest of honour. Featured activities also included the signature FAW games and educational seminars led by experts in fraud prevention and financial crime.

The 2024 FAW Games showcased a diverse array of interactive quizzes and anti-fraud activities marking another milestone year with an increase in participation with 250 registered teams, up 14% from 219 in the previous year. In addition to Kenanga's internal teams, the FAW Games welcomed representatives from regulatory bodies, public listed companies, professional associations, and the Group's vendor network – such as Bursa Malaysia Berhad, the Securities Commission Malaysia, Securities Industry Development Corporation, Kumpulan Wang Simpanan Pekerja, and Petroliam Nasional Berhad. International teams from Singapore, Indonesia, India, South Africa, and Belgium also took part, further underscoring the global significance of anti-fraud efforts and uniting industry players in the shared mission of fostering a resilient and secure financial environment.

"Fraud and corruption are enduring challenges for organisations worldwide, and the importance of initiatives like Kenanga's FAW cannot be overstated. By prioritising education, fostering vigilance, and advocating for strong ethical standards, Kenanga is actively contributing to a more resilient financial ecosystem. We commend Kenanga's dedication to combating fraud through both awareness and proactive measures, setting a valuable example for others in the fight against fraud," concluded John Gill, President of the ACFE.

As part of this year's Fraud Awareness Week, the Group also introduced a new video campaign focused on scam awareness. This initiative invites both the public and Kenanga employees to help raise awareness about fraudulent activities through creative content, expanding outreach and encouraging active participation in recognising and combating scams. This addition to FAW continues to underscore Kenanga's ongoing commitment to fostering a culture of vigilance and ethical conduct in the fight against fraud.

Hashtag: #Kenanga


The issuer is solely responsible for the content of this announcement.

About Kenanga Investment Bank Berhad (197301002193 (15678-H))

Established for over 50 years, Kenanga Investment Bank Berhad ("The Group") is a leading financial group in Malaysia, offering a wide range of services, including equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing. The Group's digital innovations include the launch of KDi GO, a wealth-centric app, along with game-changing products such as Rakuten Trade, Malaysia's first fully digital stockbroking platform, and Kenanga Digital Investing, an A.I. robo-advisor.

Kenanga has garnered multiple awards, including top honours at the Bursa Excellence Awards 2023 and The Edge Malaysia Centurion Club 2023. The Group also secured the Top 20 Overall Excellence and the Niche Cap Excellence Award at the National Corporate Governance and Sustainability Awards 2024. As one of the highest-scoring constituents of the FTSE4Good Bursa Malaysia Index and a Participant of the United Nations Global Compact, Kenanga continues to drive collaboration, innovation, and sustainability in the financial industry.

For more information, please visit .

Times Magazine

Effective Commercial Pest Control Solutions for a Safer Workplace

Keeping a workplace clean, safe, and free from pests is essential for maintaining productivity, protecting employee health, and upholding a company's reputation. Pests pose health risks, can cause structural damage, and can lead to serious legal an...

The Science Behind Reverse Osmosis and Why It Matters

What is reverse osmosis? Reverse osmosis (RO) is a water purification process that removes contaminants by forcing water through a semi-permeable membrane. This membrane allows only water molecules to pass through while blocking impurities such as...

Foodbank Queensland celebrates local hero for National Volunteer Week

Stephen Carey is a bit bananas.   He splits his time between his insurance broker business, caring for his young family, and volunteering for Foodbank Queensland one day a week. He’s even run the Bridge to Brisbane in a banana suit to raise mon...

Senior of the Year Nominations Open

The Allan Labor Government is encouraging all Victorians to recognise the valuable contributions of older members of our community by nominating them for the 2025 Victorian Senior of the Year Awards.  Minister for Ageing Ingrid Stitt today annou...

CNC Machining Meets Stage Design - Black Swan State Theatre Company & Tommotek

When artistry meets precision engineering, incredible things happen. That’s exactly what unfolded when Tommotek worked alongside the Black Swan State Theatre Company on several of their innovative stage productions. With tight deadlines and intrica...

Uniden Baby Video Monitor Review

Uniden has released another award-winning product as part of their ‘Baby Watch’ series. The BW4501 Baby Monitor is an easy to use camera for keeping eyes and ears on your little one. The camera is easy to set up and can be mounted to the wall or a...

The Times Features

Running Across Australia: What Really Holds the Body Together?

How William Goodge’s 3,800km run reveals the connection between movement, mindset, and mental resilience As a business owner, I’ve come to realise that the biggest wins rarely com...

Telehealth is Transforming Healthcare Services in Australia

It has traditionally not been easy to access timely healthcare in Australia, particularly for people who live in remote areas. Many of them spend hours on the road just to see a...

Launchd Acquires Huume, Strengthening Creative Firepower Across Talent-Led Marketing

Launchd, a leader in talent, technology and brand partnerships, has announced its acquisition of influencer talent management agency Huume from IZEA. The move comes as the medi...

Vietnam's "Gold Coast" Emerges as Extraordinary Investment Frontier and Australian Inspired Way of Life

$2 Billion super-city in Vung Tau set to replicate Australia's Gold Coast success story A culturally metamorphic development aptly named "Gold Coast" is set to reshape Vietna...

Choosing the Wrong Agent Is the #1 Regret Among Aussie Property Sellers

Selling your home is often one of the largest financial transactions you’ll make, and for many Australians, it’s also one of the most emotional. A new survey of Australian home se...

Travel Insurance for Families: What Does it Cover and Why it’s Essential

Planning a family trip is exciting, but unexpected mishaps can turn your dream vacation into a stressful ordeal. That’s where travel insurance comes in—it’s your safety net when ...