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Anti-Bribery and Corruption Policy Statement

Anti-Bribery and Corruption Policy Statement

Hong Leong Asset Management Bhd (“HLAM”) takes a zero-tolerance position on bribery and corruption and is guided by our corporate values which call upon us to act professionally, fairly and with integrity in our business dealings and relationships.

In relation to this, we are fully committed to implementing and enforcing practices and systems that ensure corruption and bribery is prevented at all levels in HLAM. As part of our commitment to uphold ethical business practices, we also expect our third-party partners such as contractors, vendors, suppliers, consultants, representatives, or any other persons associated with us, to share the same level of commitment we have towards bribery and corruption.

We realise that our reputation for acting fairly is dependent on the values of HLAM and the action of our employees. To this end, we have undertaken a comprehensive approach to ensure a culture of compliance is imbued into the very fabric of our company’s ethos and values. Our employees are constantly reminded of the need to comply with the laws relating to anti-corruption and bribery applicable in business operations and this is achieved through the implementation of strong policies, procedures, training and, through developing mechanisms of check and balances to prevent the occurrence of improper practices within HLAM.

In line with this, we are fully supportive of, and ensure full cooperation with external agencies to prevent fraudulent acts, specifically to the offences stipulated in the Malaysian Anti-Corruption Commission Act 2009 (“MACCA”) with reference to the following main offences:

  • Soliciting/Receiving Gratification (Sections 16 & 17(a) MACCA);
  • Offering/Giving Gratification (Section 17(b) MACCA); and
  • Intending to Deceive (Section 18 MACCA).

For more details on HLAM’s Anti Bribery and Corruption Policy including requirements on Gifts and Entertainment, Donation and Sponsorship, Reporting and Whistleblowing, please click here.

You may also refer to HLAM’s training materials on Anti-Bribery and Corruption by clicking here.