In a proactive effort to strengthen ethical standards and good governance, the Economic Development Board (EDB) and the Financial Crimes Commission (FCC) co-hosted an awareness session with EDB employees, this Wednesday 28th May 2025.
The objective of the session was to empower EDB employees on financial crime prevention with focus on integrity, ethics, transparency, whistleblowing, and conflict of interest. The session plays a crucial role towards imparting knowledge on how to prevent, detect, and report unethical practices. It brought together staff from various departments for an engaging and informative session led by Mr. Kailass Koonjal, Ag. Assistant Director, Education and Preventive Division, FCC.
The FCC representative showcased a full-fledged presentation on the latest Financial Crimes Commission Act 2023 highlighting new provisions, new offences and broader mandate of the FCC in its investigatory and enforcement actions.
In his opening remarks, Mr. Mahen Abhimanu Kundasamy, CEO of EDB emphasized the importance of ethical conduct as a cornerstone of good governance. He stated ‘let us lead with integrity, support those who speak out for what is right, and work tirelessly to ensure that corruption finds no refuge in our systems. Because ultimately, the strength of our government lies not just in its authority, but in its moral credibility”.
This awareness session has been facilitated by the Governance, Risk and Compliance (GRC) Department of EDB. In his remarks, the Head of the GRC Department, Mr. Jabir Udhin, highlighted the development and implementation of a comprehensive Business Integrity Framework for the EDB. Mr. Udhin underlined that ‘our goal is to embed integrity into very aspect of EDB’s decision making processes and operations. This initiative reflects our dedication to building trust with our stakeholders, enhancing our reputation and ensuring long-term sustainability”.
In a bid to further enhance EDB’s operations in pursuing its mandate, EDB will continue to collaborate closely with the FCC to foster a transparent and responsible work environment.
