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ICAC launches Banking Industry Integrity Charter with full support of HKMA and HKAB
The Independent Commission Against Corruption (ICAC), in collaboration with the Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB), launched the Banking Industry Integrity Charter
(Integrity Charter) on 9 October 2024 to encourage the sector to implement an integrity management system and continue to enhance anti-corruption capabilities to sustain Hong Kong’s status as a clean international financial centre. The event was officiated by ICAC Commissioner, Mr Woo Ying-ming, Chief Executive of the HKMA, Mr Eddie Yue, and Chairperson of the HKAB, Ms Luanne Lim and attended by around 60 senior managerial personnel from 30 banks.
Through public-private partnership, the Integrity Charter aims to combat and prevent corruption proactively, assist banks to enhance their integrity management system, and continuously strengthen corruption prevention awareness and capabilities of banks. In accordance with the Integrity Charter, participating banks are required to promote a sound bank culture, establish a code of conduct, assign an integrity officer to assist in implementing good governance, provide integrity training to staff, as well as reporting suspected corruption, fraud and other illicit activities to the ICAC or other law enforcement agencies promptly.
The ICAC will provide comprehensive support to participating banks, including assisting them in formulating policies to promote an integrity culture, providing anti-corruption advice and integrity training to improve integrity management and anti-corruption capabilities.
Details of the Integrity Charter are available on the designated webpage.
