As a responsible financial services provider, we keep upholding corporate responsibility by maintaining the highest standards of governance and risk culture, ensuring regulatory compliance and protecting the financial system. It helps to ensure that UOB remains a source of stability, security and strength for our stakeholders.
Since the establishment of The Integrated Fraud Management unit in 2017 along with group fraud risk management framework and policies in place, the Bank has further enhanced its management of fraud risk across geographies and have driven collaboration across functions for a more integrated anti-fraud approach.
Enriching lives and strengthening social bonds are fundamental elements of our business philosophy. We are committed to promoting social development of the communities in which we operate through art, children and education.
Over the past 40 years, UOB has actively supported the development of art. Since 1982, the Bank has been organising the UOB Painting of the Year in Singapore to unearth talented artists. Nowadays, the competition has been extended to other countries in Southeast Asia.
In Hong Kong, UOB has established the UOB Art Academy since 2015 with an aim to make art more accessible, to nurture local artistic talents and to rejuvenate cultural heritage through art outreach programmes, annual art competitions such as the UOB Art in Ink Awards, and various kinds of art collaborations and partnerships such as being the Lead Partner of Art Central.
At UOB, we believe these are essential for the sustainable development of society, its economy and its people. During the COVID-19 pandemic, we have continued to make a positive difference to vulnerable communities around the world in the form of donations, fundraising, community engagement and employee volunteering services. These efforts help us contribute to a strong and sustainable future for the wider community.