103 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION ETHICS AND COMPLIANCE STATEMENT Code of Conduct for Employees Upholding exemplary conduct is paramount in fostering favourable outcomes for our clients, stakeholders, and the broader capital markets community. We enable our employees to prioritise ethical behaviour by establishing transparent expectations outlined in the Group Code of Ethics and Conduct for Employees (“Employees Ethics Code”). Additionally, we equip them with the necessary support, tools, and resources to uphold these standards, alongside providing clear guidance on available channels for raising concerns. Kenanga Group places trust in our employees, and the Employees Ethics Code underscores this trust by affirming that our values manifest in the conduct and behaviour of our workforce. All employees are required to uphold elevated standards of professionalism, integrity, and conscientiousness, ensuring they avoid situations that may compromise their obligations or integrity in interactions both internally and externally. The commitment of all employees to adhere to the Employees Ethics Code is procured and renewed through a process where all new hires are required to acknowledge their understanding of the Code’s expectations. Similarly, existing employees must provide annual acknowledgments of their understanding to the Code. Tone from the top for good AML/CFT/TFS compliance culture and corporate governance that ingrains expected values from employees at all levels across Kenanga Group Establishment of AML/CFT/TFS policy and procedures which are clearly defined, consistently communicated and continuously reinforced to embed a culture that cultivates active identification, assessment and mitigation of risk Enterprise-wide Business-based Risk Assessment which creates awareness to stakeholders on ML/TF/ PF risks thus facilitating better operational and strategic business decision making Internal controls with significant investment in system automation to safeguard Kenanga Group from being used as a conduit for ML/TF/ PF Anti-Money Laundering, Countering Financing of Terrorism and Targeted Financial Sanctions (“AML/CFT/TFS”) Progressive financial landscape and robust digital economy in Malaysia have presented intricate backdrop for money laundering. This gives rise to cyber enabled money laundering where some of noticeable trends utilised by the launderers in 2023 are smurfing, money mules and pandemic related frauds such as phishing attacks and online scams. Kenanga Group responds to these threats by reinforcing its AML/CFT/TFS compliance framework which encompass: Regulatory awareness and compliance tools are critical components of the fight against ML/TF/PF, helping the Group fulfil our legal obligations, detect suspicious activities, and mitigate risks associated with illicit financial transactions. It also ensures that ML/TF/ PF risk considerations are embraced by all employees to protect the Group’s reputation, building trust and brand value for long term sustainability of the organisation.
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