The ETHIC Intelligence Certification Committee awarded today an Anti-corruption Compliance Program Certificate to Slovenia’s Bank Assets Management Company (BAMC/DUTB) for the design of its program to prevent corruption.
DUTB is the first company in Slovenia as well as the first bank assets management company to receive ETHIC Intelligence certification.
Three members of the ETHIC Intelligence Certification Committee (Bruno Cova, Partner and Co-Chair, Paul Hastings; Michael Davies, Vice Chair and Director, Canadian Centre for Ethics & Corporate Policy; Marc Henzelin, Judge at the Cour de Cassation of Geneva and Partner, Lalive) awarded the certificate following an independent evaluation of an on-site audit report prepared by SGS. The auditor and the committee evaluated the design of DUTB’s anti-corruption compliance program against ETHIC Intelligence terms of reference and in light of the company’s specific corruption risk.
DUTB chose certification as a way to ensure that its anti-corruption compliance program is designed to effectively address the company’s specific corruption risk and is aligned with the body of international guidance and recommendations on anti-corruption.
Through certification, DUTB also ensures continuous improvement of its anti-corruption program. Both the auditor and the certification committee provided DUTB with practical recommendations to maintain the quality and effectiveness of its program against evolving international best practices standards.
Since 2006, ETHIC Intelligence provides best practices certification of corporate anti-corruption compliance programs so companies can benchmark and communicate on their compliance achievements. The certification process relies on a two-tiered evaluation of compliance programs by accredited auditors and a committee of international lawyers, resulting in concrete recommendations for improvement of the program under review. The ETHIC Intelligence terms of reference incorporate the highest international standards issued to date and are regularly updated to reflect evolving international best practices, guidelines, recommendations and case law.
By ETHIC Intelligence