The Finance and Services Division’s primary functions are to provide financial, legal, and procurement services and support to internal customers within the EPF as well as promoting awareness and ensuring compliance with relevant regulatory requirements applicable to the EPF.
The department is responsible in providing legal and secretarial services to the EPF Board. It is also responsible for taking legal actions against employers, members or any party that do not comply with the provisions under the EPF Act 1991 and its subsidiary laws.
The department is to ensure the compliance of internal policies and guidelines on investments as well as adherence to relevant laws and regulations pertaining to EPF's domestic and overseas investments. The department is required to settle all investment trades and ensures all investments records and reports comply with the EPF's accounting policy. It is also a custodian for Data Loss Protection and Chinese Wall Policy for the EPF.
The department is responsible for the acquisition of goods and services according to the EPF procurement policies and procedures. It also ensures an efficient, effective and ethical procurement process to achieve the best value for money while practicing good governance.
The department manages and controls the financial functions of the EPF which include budgeting, payment, taxation and financial reporting.