to the whistleblowing channel pursuant to the group harmonisation exercise by introducing tier-based whistleblowing disclosure structure including for the subsidiaries. • Group Anti-Bribery and Corruption Policy The Group’s Anti-Bribery and Corruption Policy (GABCP) was developed as part of Bank Islam’s commitment to integrity and sustainable way of doing business. The GABCP is aligned with all relevant laws and regulations, including the National Anti-Corruption Plan (NACP), Malaysian Anti-Corruption Commission (MACC) Act 2009 and ISO 37001 Anti-Bribery Management System (ABMS) standard. The GABCP underpins a zero-tolerance approach against all forms of bribery and corruption The GABCP guides Bank Islam to effectively and efficiently address all instances of corruption, including actions related to bribery, conflict of interest by emphasising on impartiality and independence from influence, malpractice, abuse of power and assess the legitimate business activities while ensuring compliance with all relevant anti-corruption policy. The GABCP also provides general criteria to decide if gifts, entertainment, hospitality, or expenses are appropriate based on the requirements specified in Transparency International UK’s (TI UK) Gift and Hospitality – Anti Bribery Guidance. • Group Gift Policy (GGP) The Group Gift Policy (GGP) provides guidance for all employees within the Group on the acceptance and offering of gifts. It delineates which gifts may be appropriately received or given to third parties, upholding the highest standards of ethics and integrity. The GGP specifies the conditions under which gifts are permissible and identifies gifts that are not allowed. It emphasises that employees may accept permissible gifts, provided these gifts do not compromise their position or jeopardise relationships with third parties if refused. Any type of permissible gifts accepted or received by the employees must be declared via an internal digital platform, Humane. • Financial Crime Compliance The Group has established comprehensive controls to anticipate, prevent, detect and respond to any money laundering and terrorist financing activities. The AML/CFT policy outlines the roles and responsibilities and clear accountability of the Board of Directors, Management and its employees. • Independent Assurance by the Internal Auditors The Board has established the Internal Audit function to provide independent assurance on the adequacy and effectiveness of the governance, risk management and internal controls. The Internal Audit is headed by the Group Chief Internal Auditor who reports functionally to the Board Audit & Examination Committee and administratively to the Group Chief Executive Officer. The internal audit process and activities adopt the standards and principles outlined in the Internal Controls Framework of Committee of Sponsoring Organisation of the Treadway Commission (COSO) and the objectives set by the Institute of Internal Auditors’ International Professional Practices Framework which comprises the core principles for the Professional Practice of Internal Auditing, the definition of Internal Auditing and Code of Ethics. • Bank Islam Group’s Business Associates Awareness Programme As a continuous effort and pursuant to the Section 17A of MACC Act 2009 which introduces the Corporate Liability provision effective 1 June 2020, Bank Islam Anti-Corruption Principles and Guidelines were communicated to all Group’s Business Associates, emphasising a zero-tolerance approach towards bribery and corruption. The Group’s Business Associates are required to acknowledge Bank Islam Group’s Integrity Kit as a demonstration of their steadfast dedication to maintain the Group’s reputation through honest and ethical business dealings and adhering to the Group’s shared value, “Act with Integrity”. To ensure alignment of Bank Islam Group’s Business Associates with our commitment to maintain a corruption-free organisation, the Compliance Academy, Policy & Strategy (CAPS) conducted an awareness session on 21 December 2023. This awareness session was attended by 130 business associates and aimed to enlighten participants on conducting business dealings and activities in accordance with the Group Business Associates Code of Conduct Guideline. 242 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2023 Statement on Risk Management and Internal Control
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