Corruption Risk Management Review To evaluate the effectiveness of existing controls aimed at mitigating corruption risks within the organisation. Executed the inaugural CRM exercise in FY2020, adopting a formal CRM framework that outlines the methodology for assessing corruption risks and reviewing control measures across the Group. This process involves a three-year cycle of reviews for stakeholders classified by risk levels, ensuring comprehensive coverage and continuous monitoring. The first CRM review concluded with no critical risks identified, achieving an overall satisfactory rating for residual corruption risks. A total of 14 low-priority stakeholders were reviewed in 2023, with findings reported to the BAEC. This systematic approach to CRM underscores Bank Islam’s proactive stance on corruption risk management. Objective: What We Did: Progress and Achievements: Training, Communication and Awareness To instil a strong culture of integrity and compliance through targeted training, communications, and awareness initiatives. • Issued frequent compliance communiques and integrity messages, including FAQs on anti-bribery and corruption policies, and integrated an integrity script into internal meetings to reinforce ethical standards. • Organised integrity-themed events, such as Integrity Run 2.0 and an Integrity Video Contest, and launched the Bank Islam Star Compliance & Integrity Awards to recognise outstanding contributions to ethics and integrity. • Comprehensive training and awareness sessions were conducted for all staff and business associates, focusing on anti-bribery and corruption policies and practices. These multifaceted initiatives have significantly enhanced awareness and understanding of integrity and ethical behaviour among Bank Islam's staff and associates, fostering a conducive environment for ethical conduct and reinforcing the bank's dedication to upholding the highest standards of governance and integrity. To instil continuous knowledge and best practices on ethics and integrity, trainings and briefings on integrity and fraud awareness for all staff has been carried out. An awareness session was also conducted for business associates on Corporate Liability Section 17A and the Bank’s relevant policies on anti-bribery and corruption. Objective: What We Did: Progress and Achievements: 157 1 2 3 4 5 6 7 8 9 www.bankislam.com SUSTAINABILITY STATEMENT
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