Modern Australian
The Times

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 .

Make Dad a Guest in His Own Home This Father’s Day

Father’s Day can accidentally turn Dad into the unpaid event manager of his own celebration. He lights the barbecue, finds extra chairs, checks wh...

Where to Enjoy Your Off-Road Caravan on the Gold Coast

With a caravan, you can travel anywhere and everywhere without battling the rush of the peak holiday season or last-minute reservations. While the r...

How Osteopathy Supports Recovery from Sciatica and Nerve Pain

Sciatica isn't just annoying. It's genuinely painful. It sits deep in your glute and shoots straight down the back of your leg. It turns something as...

The Winter Jewellery Edit: Five Pieces You'll Wear All Season

As wardrobes shift to cosy knits, tailored coats and rich seasonal textures, jewellery becomes the finishing touch that pulls every winter outfit to...

7 Signs It's Time to Upgrade Your Piston Air Compressor

If you run a workshop, panel shop, or fabrication business anywhere around Perth, you already know what heat and dust do to equipment over a few sum...

How Long Do Bathroom Renovations Melbourne Take? Step-by-Step Process Explained

Planning a bathroom renovation is exciting, but one of the biggest questions homeowners ask is, "How long will it take?" While every project is uniq...

Why Your Skin Breaks Out: The Science of Acne Explained

Acne is the most common skin condition in the world. An estimated 85% of people experience it at some point between the ages of 12 and 24, and a gro...

10 Swimwear Trends Australian Women Are Wearing This Summer

Every Australian summer brings a fresh wave of swimwear trends, but some styles have much greater staying power than others. While fashion constantly ...

Why Regular Skills Updates Are Essential for Licensed Security Officers

A guard at a Brisbane shopping centre gets a call about a shoplifter who's turned aggressive.  They’ve done the job for six years. But their de-...

10 Benefits of Choosing Professional Tutoring Penrith Services

Every student has unique learning strengths, challenges, and academic goals. While classroom teaching provides essential knowledge and structure, so...

Sunshine Coast Baby Classes Prove Big Hit Among First-Time Mums

There's a movement gaining traction on the Sunshine Coast, providing a village of support, socialisation and relief for first-time mothers and babie...

Father's Day Gift Ideas for Men Who Are Hard to Buy For

Some dads are easy to buy for. Others do not want anything, already have everything, or give you the classic "don't worry about me" answer every yea...

Top 5 Mistakes That Wear Out Your Brakes Faster

Brakes don't need frequent replacements like oil changes do.   But a lot of the wear happens quietly, over months, because of habits most drivers...

Plantation Shutters vs Curtains: Which Is Better for Your New Home?

Moving into a new home is an exciting opportunity to personalise your space and make it your own. While many homeowners focus on furniture, flooring...

Celebration of Life vs Traditional Funeral: What's the Difference?

When saying goodbye to someone you love, there is no single way to honour their life. Every family has different traditions, beliefs, and preference...

Building Approval for Roofing Projects: What Homeowners Need to Know

Roofing projects are an important part of maintaining and protecting your home. Whether you're repairing storm damage, replacing an ageing roof, or ...

Chatswood Tutoring And Its Role In Academic Achievement

Academic success often requires more than classroom attendance alone. Students face increasing expectations as they progress through school, particu...

Why Laser Hair Removal Treatments Continue Growing In Popularity

Managing unwanted hair can become time-consuming and frustrating for many people, especially when shaving, waxing, and other temporary methods requi...