OUR PROGRESS IN 2024 Strengthening Our Ethical Standards and Anti-Corruption Measures Focus Areas What We Are Doing ISO 37001 AntiBribery Management System (ABMS) Certification • Following our achievement in obtaining ISO 37001 ABMS certification in 2023 from ABAC Center of Excellence Sdn Bhd (ABAC), we successfully completed our first internal surveillance audit and underwent an external surveillance audit by ABAC as part of the recertification process. • The external surveillance audit affirmed compliance with no non-conformities or suggested improvements, confirming our compliance and operational intergrity. • We will continue with our Internal Surveillance 2 Audit in 2025, followed by an external surveillance audit by ABAC to ensure continued conformity with ISO 37001 standards. Monitoring and Evaluation of Organisational Anti-Corruption Plan (OACP) Initiatives • Monitoring and evaluation of the OACP strengthens our corporate governance and integrity, aligning with the National Anti-Corruption Plan (NACP) 2019–2023 and implementing our OACP 2022–2025. • The OACP is a three-year strategy with 141 initiatives targeting short, medium, and long-term goals to achieve strong governance, promote transparency, and minimise corruption risks. • In 2024, a detailed review of 50 initiatives was underway, monitored by the Integrity and Governance Department (IGD), with reporting to the GMEC and BAEC twice yearly. Corruption Risk Management Review (CRM) • A Group-wide Corruption Risk Assessment (CRA) exercise was completed in May 2024 to update the Corruption Risk Register (CRR) for 40 stakeholders, aligning with the Adequate Procedures requirement for a risk assessment every three years. • The CRR systematically assesses the likelihood and impact of corruption risk, identifies schemes, and links them to specific controls and action plans. • The first-year cycle (July 2024–June 2025) will assess 14 high and medium-risk stakeholders, with eight reviewed between July and December 2024, and six to be reviewed between January and June 2025. • The review aims to validate the effectiveness of current controls in each stakeholder’s risk register and assess any gaps in mitigating corruption risks. Training, Communication, and Awareness • A total of 68 refresher courses and specialised training programmes were conducted across the bank, subsidiaries, and business associates, including annual integrity and anti-corruption training for Board members. • External outreach included 36 webinars, seven ‘Speaker Series’ events, and six interactive ‘Coffee with Compliance’ sessions. • Other activities included visits from Azerbaijan Banks Association, student visits from International Islamic University Malaysia (IIUM) and Universiti Teknologi MARA (UiTM), compliance game shows, and collaborations with academic partners and enforcement agencies. • In 2024, 22 learning materials, including integrity communiqués, were published, targeting staff across branches, business units, and subsidiaries. • During our Annual Integrity Day – held in collaboration with the Faculty of Economics and Muamalat of Universiti Sains Islam Malaysia (USIM) – we relaunched the Bank Islam Group Pledge (BIG Pledge). Board Oversight of Anti-Corruption Policy • The IGD regularly updates our Management Committees, Board Committees, and the Board on policy reviews, investigation cases, CRM, OACP, ABMS, and other arising matters. • IGD policies include the Group Anti-Bribery and Corruption Policy, Group Whistleblowing Policy, Group Gift Policy, Group Corruption Risk Management Policy, Group Sponsorship and Donation Policy, GBACOC Guidelines, and ABMS Guidelines. Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 180 Sustainability Statement
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