KENANGA ANNUAL REPORT 2018

60 KENANGA INVESTMENT BANK BERHAD • Personal Data Protection Protection of clients’ data has always remained our top priority and we acknowledge the importance of our role in safeguarding customers’ data. In line with that aim, preventive measures and controls to help avoid loss of data and violation of data protection laws are being put in place. Awareness and continuous training of our staff is key to ensure that clients’ data are to be handled securely. • Common Reporting Standard In compliance with the Common Reporting Standard (“ CRS ”) requirement, the first (1 st ) submission of financial account information of non-residents clients of the Group was submitted to the Inland Revenue Board of Malaysia (“ IRBM ”) on 27 August 2018. The submission involved sixty-four (64) entities and funds of the Group registered with the IRBM for CRS purposes. STRENGTHENING ETHICS AND COMPLIANCE THROUGH CONTINUOUS EDUCATION AND TRAINING Throughout the year, GRCS has also undertaken initiatives intended to continuously strengthen compliance, ethics and integrity values within the Group. These involve education and training programmes, which serve to ensure awareness and understanding of the employees on the subject matters. The initiatives extend beyond the customary education and training programmes. • Annual Regulatory Seminar 2018 The third (3 rd ) Annual Regulatory Seminar (“ the Seminar ”) held under the theme Sustaining Ethical Consistency in a Disruptive Environment was approved by the Securities Industry Development Corporation (“ SIDC ”) as part of the Continuing Professional Education (“ CPE ”) programme for the Group with the allocation of ten (10) CPE points. The Seminar was designed to provide the latest updates, developments and trends in legal and regulatory landscape and their impact on the Investment Banking business for attention of the members of the Board, Senior Management, Heads of Division and Department as well as Heads of Branch. In all, there was a total of one hundred and twenty eight (128) participants. Speakers to the one (1) day Seminar included the two (2) representatives from the Market Surveillance Department and Participants Supervision Division of Bursa Malaysia Berhad respectively, who have shared updates and future expectations from conducting market surveillance, and monitoring and supervising the conduct and compliance of intermediaries. • Fraud Awareness Campaign 2018 Towards promoting an anti-fraud culture within the Group, GRCS has for the second (2 nd ) time organised an intensive three (3)-week long Fraud Awareness Campaign. The Campaign reached its peak with the KIBB Group’s Fraud Awareness Week (“ FAW ”) running from 12 November 2018 until 16 November 2018 coinciding with the International FAW organised by the Association of Certified Fraud Examiners (“ ACFE ”). Numerous events ranging from discussions, talks by numerous distinguished speakers from enforcement and professional bodies as well as, fun-filled activities incorporating anti-fraud learning elements for all employees, were organised in line with the Group’s commitment to raise awareness on fraud and the strategy applied to create an anti-fraud culture within the Group. As fraud prevention is a collaborative effort of all parties, the 2018 campaign extended participation to external teams such as representatives from the regulators and professional bodies as well as, other capital market participants. The Opening Ceremony of the Group’s FAW was attended by Tan Sri Datin Paduka Sri Rafidah Aziz as an invited speaker, Director of the Intelligence Department of the Malaysian Anti-Corruption Commission, Chief Executive Officer of SIDC, Head of Asia Pacific Development of ACFE, President and Chief Executive Officer of Institut Integriti Malaysia, Chief Regulatory Officer of Bursa Malaysia Berhad, and Executive Director of the Malaysian Investment Banking Association. ETHICS AND COMPLIANCE STATEMENT