Sberbank again certified its compliance management system for conformance to the combined provisions of international standard
Sberbank again certified its compliance management system for conformance to the combined provisions of international standard ISO/IEC 19600:2014 (Compliance management systems) and ISO 37001:2016 (Anti-bribery management systems) with regard to Anti-money laundering (AML) and Counter terrorist financing (CTF); Insider trading; Conflict of interest; Gifts & hospitality and anti-corruption.
The decision to award the certificate was made by the Committee on Certification under an independent body established to assess compliance, which is a leading organization in the field of compliance management. The certification audit was performed by independent auditors working on behalf of International Compliance Association (ICA Audit). ICS LLC, the exclusive partner of ICA in Russia and the CIS, provided technical support to assist with the assessment of the compliance management system.
The certificate is valid until 15 December 2022 and involves holding supervisory audits during the second and third years after the primary certificate has been received.
“The certification of compliance management system for conformance to international standards and best practices is the guarantee of professionalism and honest business based on respect and responsibility to investors, regulators, and business partners,” commented Bella Zlatkis, Deputy Chairman of the Executive Board of Sberbank.