108 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 ETHICS AND COMPLIANCE STATEMENT In demonstrating the Group’s ongoing commitment in combating ML/TF/PF risks, we continuously refine and enhance our AntiMoney Laundering (“AML”) programmes. Our rigorous AML programme reviews stand as a testament to our unwavering dedication to safeguarding the integrity of our operations and the financial system at large. At the heart of our enhanced AML programme reviews lies a comprehensive framework designed to detect and deter illicit activities effectively. Through a multi-faceted approach, we systematically assess and strengthen our defences against money laundering risks, ensuring robust compliance with regulatory requirements and industry best practices. Key components of our enhanced AML programme reviews include: In the ever-evolving landscape of financial crime, our enhanced AML programme reviews serve as a cornerstone of our commitment to integrity, transparency, and regulatory compliance. By remaining vigilant and adaptive, we reaffirm our dedication to combating money laundering and preserving the integrity of the global financial system. MAINTAINING A HIGH LEVEL OF CORPORATE GOVERNANCE Details on Kenanga’s corporate governance disclosure are available in the Corporate Governance Overview Statement appearing on pages 67 to 97 of this Annual Report and Corporate Governance Report which is available at Kenanga’s website at https://www.kenanga.com.my. Enhanced AML/CFT/TFS Review Risk Assessment Training and Awareness Enhanced Due Diligence (“EDD”) Continuous Evaluation and Improvement We conduct thorough risk assessments to identify and prioritise areas of vulnerability. By analysing emerging threats and evolving regulatory landscapes, we proactively adapt our strategies to mitigate potential risks effectively. We empower our personnel with comprehensive training and ongoing awareness initiatives. By fostering a culture of compliance and vigilance, we equip our teams with the knowledge and tools necessary to identify and report suspicious behaviours effectively. AML programme reviews scrutinised EDD processes to ensure thorough customer profiling and ongoing monitoring. Through in-depth investigations and enhanced monitoring, we fortify our defences against money laundering schemes. Continually evaluate and refine our AML programme. Through regular audits, assessments, reviews carried out on a groupwide basis and feedback mechanisms, we identify areas for improvement and implement necessary enhancements to strengthen our defences. As the spotlight on ESG principles intensifies, spurred by heightened investor interest and the influx of new regulations surrounding socially responsible investment, the significance of the ‘Governance’ pillar has reached paramount importance for Kenanga Group. Amidst this evolving landscape, the Group consistently ensures that our sustainability journey is not only comprehensive but also meticulously balanced. Kenanga Group remains resolute in our pursuit of excellence and recognises that robust Governance frameworks serve as the bedrock for sustainable business operations. Our dedication to ESG best practices is not just a strategic manoeuvre; it is a testament to our firm commitment to responsible stewardship and enduring value creation. By prioritising transparency, accountability, and ethical decision-making, we fortify our position for long-term resilience and success. In this respect, the Group and GRCS continue to uphold a robust compliance strategy and maintain operational transparency. This dedication underscores our pledge to cultivate a regulatory framework of the highest calibre and conduct our business and operations in strict accordance with the principles of good corporate governance. OUR FOCUS AND STRATEGIC PRIORITIES FOR 2024
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