Read The Times Australia

Daily Bulletin

Kenanga Investment Bank Organises 6th Annual Fraud Awareness Campaign To Fight Fraud and Amplify Good Governance

KUALA LUMPUR, MALAYSIA - Media OutReach - 14 November 2022 - Kenanga Investment Bank Berhad ("Kenanga") today kicked off its annual sixth Fraud Awareness Week ("FAW"), held in conjunction with the International FAW of the Association of Certified Fraud Examiners ("ACFE"), headquartered in Austin, Texas.

Kenanga's FAW is the centerpiece of a month-long fraud awareness campaign to shine the spotlight and raise awareness on the importance of fraud detection and prevention, as well as respond to the United Nations Global Compact's 10th Principle, which emphasizes the need for businesses to work against corruption in all its forms.

Themed 'Reaffirming Ethical and Moral Resilience for Good Governance', FAW aims to reiterate Kenanga's commitment and belief on the importance of ethical and moral values in shaping good governance whilst moulding the corporate culture that thrives within the current evolving and transforming regulatory landscape.

Similar to the previous two years, all programs for FAW including the Opening Ceremony, FAW Games and Talk Series were undertaken virtually or online, and this year's FAW Games featured a record number of 376 participants, a 28.7% increase compared to the previous year. Participants included those from regulatory bodies, public listed companies, professional bodies and Kenanga's vendors such as Bursa Malaysia Berhad, Securities Commission Malaysia, Securities Industry Development Corporation, Nestle, Petronas, AirAsia, Kumpulan Wang Simpanan Pekerja, Sime Darby, Lembaga Tabung Haji and Deloitte Consulting Malaysia.

"As the frontline regulator of the Malaysian capital market, Bursa Malaysia welcomes such efforts from industry players as this helps maintain a 'fair and orderly market' preventing occurrences of trading misdemeanours, frauds and scams – which helps to protect the interests of investors," said Tan Sri Abdul Wahid Omar, Chairman of Bursa Malaysia Berhad.

"The pace of the evolution of fraud risks is not going to slow down any time soon and our strongest defense in the fight against fraud is awareness cultivated through the collective efforts of all. Let us reiterate our commitment to the anti-fraud agenda by reaffirming the importance of ethical and moral values in shaping good governance," mentioned Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank Berhad.

"In line with our theme this year, we aim to continue spreading the message of anti-fraud and to highlight the grave impact that comes from failure to protect oneself from fraud and scams. From within, we will continue to strengthen Kenanga's core by equipping our employees with the necessary knowledge and understanding of the importance of anti-fraud," added Maheswari Kanniah, Group Chief Regulatory and Compliance Officer of Kenanga Investment Bank Berhad.

"The ACFE started fraud week 22 years ago and its beginnings were humbled. In two decades time, it has evolved into an international campaign with hundreds, and sometimes more than a thousand organisations – that is thanks in large part to organisations like Kenanga, that embrace the idea of getting the word out about fraud in a big way," commented Bruce Dorris, President and Chief Executive Officer of the ACFE.

In addition to this flagship campaign which serves to unite employees and industry stakeholders to propagate a culture of strong corporate governance, Kenanga also conducts annual e-tests on various aspects of the subject matter to assess and reinforce our employees' grasp and knowledge of good governance and business practices. Since 2020, Kenanga employees have attended over 16,000 training hours related to ethics, compliance and governance topics including anti-fraud, anti-bribery and corruption, and anti-money laundering, counter financing of terrorism and targeted financial sanctions.

Hashtag: #Kenanga

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 with strong foundations in regulatory compliance and risk management.

An innovative and established home-grown brand, the Group's digital ambition includes building a robust digital ecosystem that meets the needs of its clients and businesses. Some of its game-changing products includes Malaysia's fully online digital stockbroking platform Rakuten Trade and a fully A.I. robo-advisor, Kenanga Digital Investing. The Group also launched Malaysia's first securities broking e-wallet, Kenanga Money, paved the way in AI-led Quan and algorithmic trading, kick-started a revolutionary supply chain financing solution for SMEs and made inroads into the digital assets space through its investment in Tokenize Technology (M) Sdn. Bhd.

The Group has garnered a host of awards and accolades reflecting its strong market position. It was awarded under the categories of Highest Returns to Shareholder Over Three Years, 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. Rakuten Trade, Malaysia's first fully digital securities broker in 2017 via a joint venture with Japanese fintech giant Rakuten Securities Inc was also named Malaysia's fintech company of the year in 2018 by the Malaysian Communications and Multimedia Commission (MCMC). For its continued efforts towards community outreach and employee volunteerism, the Group was awarded the coveted Company of the Year award for environmental and sustainability at Sustainability & CSR Malaysia Awards 2021. The Group is also a Participant of the United Nations Global Compact and adheres to its principle-based approach to responsible business.

Today, Kenanga Investment Bank Berhad is an award-winning leading independent investment bank in the country with a continuous commitment towards driving collaboration, innovation, digitalisation and sustainability in the marketplace.

This Press Release was issued by Kenanga Group's Marketing, Communications & Sustainability department.

Business News

How Businesses Can Prepare for Unexpected Power Outages

Power failures can occur quickly. The supply may be interrupted by bad weather, issues with the electricity network, damaged equipment or local construction work. This can be just a hassle for a fam...

Daily Bulletin - avatar Daily Bulletin

How Chatswood Tutoring Can Fit Into a Student’s Weekly Routine

Create a Predictable Weekly Structure A consistent weekly routine can make study easier to manage when students are balancing several subjects. Chatswood tutoring can provide a fixed learning point a...

Daily Bulletin - avatar Daily Bulletin

The Rise of Digital Marketplaces in the Australian Trade Sector

For decades, the Australian trade and construction sector operated almost entirely on word-of-mouth recommendations and local community networks. Small business owners typically relied on local newspa...

Daily Bulletin - avatar Daily Bulletin

How Immigration Lawyers Can Help

Introduction Visa decisions can shape employment, family life, study plans, travel, and future residence. A small omission can lead to delay, added expense, or refusal. Immigration lawyers assess l...

Daily Bulletin - avatar Daily Bulletin

How Industrial Drying Equipment Supports Efficient Processing

Many industrial processes require moisture to be removed from compressed air, products or process materials before they move to the next stage. Excess moisture can affect equipment performance, produc...

Daily Bulletin - avatar Daily Bulletin

Practical Ways a Whiteboard Can Improve Workplace Communication

Effective communication helps teams stay organised, share ideas and keep track of important information. While digital tools are now common in many workplaces, a whiteboard continues to provide a simp...

Daily Bulletin - avatar Daily Bulletin

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

Why Choosing a Professional Florist Melbourne Makes Flower Delivery Impactful

Flowers have a great power to speak when humans cannot express their feelings with right words. Flowers are the best gifts when you are celebrating a birthday or welcoming a newborn child into your fa...

Daily Bulletin - avatar Daily Bulletin

The Business Case for Choosing Australian Fabricators Over Imported Alternatives

For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

How Registering a Company in Singapore Can Support Business Growth

Choosing where to register a business can influence how easily it grows, attracts customers, and e...

What Business Owners Should Know About Company Registration in Hong Kong

Hong Kong is a popular location for entrepreneurs looking to establish businesses with internation...

What Entrepreneurs Should Know About the Benefits of Registering a Company in Australia

Starting a business involves more than finding customers and offering a good product or service.  ...

From Free-to-Air to Netflix: Where Australian Brands Are Spending Their TV Dollars Now

Not long ago, an ad break meant one thing in Australian homes: free-to-air television. Today it mi...

Why South Australia Leads the Country on Home Batteries

South Australia has long punched above its weight in renewable energy. The state has one of the hi...

Diagnosing Common Pool Problems in an Australian Summer

An Australian summer puts backyard pools under serious pressure. High temperatures, intense UV, he...

Fast refunds emerge as a competitive advantage for Australian retailers

How quickly a retailer gives customers their money back could help determine whether those customers...

How to Choose Removalists in Melbourne for a Smoother Move

Finding suitable removalists in Melbourne is easier when the decision is based on the actual require...

Market growth, trends and opportunities in Australian sports nutrition manufacturing

Protein powder used to belong to bodybuilding culture. These days a tub is as likely to sit on a s...