Mutual Evaluation Exercise (MEE) • Successfully trained senior management and board members on global Anti-Money Laundering, Countering Financing of Terrorism, Countering Proliferation Financing and Targeted Financial Sanctions (AML/CFT/CPF and TFS) standards to ensure governance effectiveness during the MEE. • Demonstrates compliance with global AML/CFT/CPF and TFS standards and effective financial crime controls. Recognition by Law Enforcement Agencies (LEAs) • Acknowledged by Jabatan Siasatan Jenayah Komersil (JSJK) for exceptional cooperation and timely responses through the e-FSA platform. • Showcases the Group’s active role in combating financial crimes and strengthening partnerships with enforcement agencies. Best Independent Assessment Report from PayNet (2024) • Awarded “Best Independent Assessment Report” by PayNet for five (5) consecutive years. • Reflects excellence in producing high-quality, risk-based assessment reports, demonstrating commitment to accuracy, transparency, and reliability. Professional Certifications • A total of 16 staff members successfully completed industry-recognised certifications (e.g., Asian Institute of Chartered Bankers (AICB), Asian Banking School (ABS), International Compliance Association (ICA), Association of Certified Anti-Money Laundering Specialists (ACAMS), Association of Certified Fraud Examiners (ACFE)), and a total of 288 staff participated in the internal certification programme, ‘Professional Certificate in Compliance Practices (PCCP)’ exams, developed in collaboration with Universiti Malaya. This in-house certification programme aimed to enhance specific compliance knowledge and skills throughout the Group by developing our own course modules which are aligned with the Group’s requirements and regulatory standards and tailor made according to the needs of the frontliners as the first line of defence. • The PCCP enhances the Group’s compliance expertise, supports the Group’s cost containment effort and aligns with its strategic focus on capacity building and regulatory excellence. KEY COMPLIANCE ACHIEVEMENTS FOR FY2024 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 252 Statement on Risk Management and Internal Control
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