Contraves Advanced Devices Sdn Bhd and its subsidiaries (collectively “Contraves”) are committed to conducting all business activities with integrity, transparency, accountability and in compliance with anti-bribery, corruption and anti-money laundering laws.
SCOPE
This policy is applicable to all employees and Directors of Contraves, as well as any third party performing work for or on behalf of Contraves and/or transacting with Contraves for any purpose. Contraves adopts a zero tolerance approach towards bribery and corruption in any form, giving or accepting gifts or hospitality intended to improperly influence decisions, facilitation payments and/or money laundering activities in accordance with applicable laws, regulations and/or international standards.
COMPLIANCE
Applicable laws, regulations and/or international standards, are to be read with their addendums, attachments and/or subsequent amendments, include but are not limited to the following:
- Malaysian Anti-Corruption Commission Act (MACC Act)
- Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLA)
POLICY STATEMENT
All employees, Directors and third parties must:
- Comply with the ABC and AML requirements in all business dealings;
- Avoid engaging in, authorising, or condoning any act of bribery, corruption, facilitation payment, or money laundering;
- Declare and record any gifts, hospitality, or entertainment offered or received in accordance with Contraves’ Gift Policy;
- Where required, conduct due diligence before engaging with third parties to ensure legitimacy and integrity;
- Maintain accurate and complete records of all transactions in accordance with legal requirements to enable audits and compliance checks;
- Where required, participate in mandatory ABC and AML training and awareness programmes; and
- Report any suspected or actual violations immediately.
All employees will be deemed to have read and accepted the conditions contained herein. Any breach of this Policy will be subject to the appropriate review and consequences. All relevant transactions, approvals and compliance must be obtained, documented and retained following the Contraves’ record retention procedure and applicable laws.
From time to time, it will be necessary to modify and amend some sections of this Policy to ensure that it is current and relevant. The latest version will be disseminated via email to all employees by Document Control and displayed in the premises of Contraves.