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Exposure Draft on Employee Screening

Release Date: 12 Oct 2017

This exposure draft sets out the Bank’s expectations on employee screening procedures of financial institutions.

The aim of this paper is to promote an ethical workforce within the financial sector. The recruitment process represents a key opportunity for financial institutions to identify the individuals that are aligned with the institution’s desired corporate culture and values. To this end, this exposure draft sets out requirements for−

  • mandatory sharing of employment references between financial institutions; and
  • employee declarations of past criminal offences.

The consultation period for this exposure draft ends on 10 November 2017 and responses must be submitted to pfpconsult@bnm.gov.my.

Further details can be found in the following documents:

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