Being in the financial services industry, AmBank Group expects all employees to handle their personal finances prudently. You are expected to handle your personal finances responsibly, with integrity and in compliance with the law. Employees must not borrow from any unlicensed or illegal moneylender, and should only obtain financing from licensed financial institutions to avoid personal financial risk and prevent any potential conflict of interest.
We do not encourage employees to participate in any personal financial transactions with fellow employees, customers or suppliers. You should also not borrow or lend money, act as a guarantor, co-signer or surety for customers, suppliers or other employees.
Soliciting funds from fellow employees under the pretext of sharing of sales incentives is strictly prohibited. Employees under sales incentive schemes must adhere to the respective scheme arrangements. Commission earned under the sales incentive schemes is the rightful income of the earning employee and must not be shared with others through informal arrangements.
Employees are strictly prohibited from participating in kootu funds, where participants make periodic contribution to a common pool fund and each participant will have their turn to receive the fund. Such arrangements may be in contravention with the Kootu Funds (Prohibition) Act 1971.
Employees are required to immediately disclose to AmBank Group on any legal proceedings that have been taken against them due to their inability to fulfil their personal financial obligations. The Group reserves the right to take necessary actions to safeguard its reputation, including reassigning the employee to another role or termination of employment if there are significant breaches e.g. did not meet their fit and proper criteria requirement.
AmBank Group is required to submit regulatory reports to government agencies and comply to various tax and financial reporting guidelines as established by the Malaysian Accounting Standards Board.
We require all employees to maintain clear, truthful and accurate financial records. It is your duty to ensure that the reporting and filings are made in a timely manner and completed accurately.
Upholding financial integrity is important as our investors and stakeholders rely on us to provide accurate information so they can make the right decisions about our Group.
You are obligated to report any violations of accounting, audit or internal control matters without fear of discrimination, retaliation, threats or harassment.
Inaccurate expense claims poses a significant risk to our Group and may impact our financial filings. All employees must ensure that the expenses declared are accurate and have gone through the appropriate review and approval process.
AmBank Group will not tolerate any fictitious or inflated business-related claims such as the following:
Approvers must ensure expenses or claims are reasonable, makes appropriate business sense and in accordance with the relevant policies and guidelines before approving the expenses or claims.
Employees who violate the stated guidelines will face relevant disciplinary proceedings.