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Anti Money Laundering

ANTI MONEY LAUNDERING CORRUPTION AND BRIBERY POLICY

 

WHO MUST COMPLY WITH THIS POLICY? 

This policy applies to all persons working for the Company or on our behalf in any capacity, including employees at all levels, directors, officers, agency workers, seconded workers, volunteers, interns, agents, contractors, external consultants, third-party representatives and business partners, sponsors, or any other person associated with us, wherever located (collectively referred to as workers in this policy).

WHAT ARE BRIBERY AND CORRUPTION? 

Bribery is offering, promising, giving or accepting any financial or other advantage, to induce the recipient or any other person to act improperly in the performance of their functions, or to reward them for acting improperly, or where the recipient would act improperly by accepting the advantage.

  • An advantage includes money, gifts, loans, fees, hospitality, services, discounts, the award of a contract or anything else of value.
  • Corruption is the abuse of entrusted power or position for private gain.

Examples:

Offering a bribe:

You offer a potential client tickets to a major sporting event, but only if they agree to do business with us. This would be an offence as you are making the offer to gain a commercial and contractual advantage. We may also be found to have committed an offence because the offer has been made to obtain business for us. It may also be an offence for the potential client to accept your offer.

Receiving a bribe:

A supplier gives your nephew a job, but makes it clear that in return they expect you to use your influence in our organisation to ensure we continue to do business with them.

It is an offence for a supplier to make such an offer. It would be an offence for you to accept the offer as you would be doing so to gain a personal advantage.

 

Bribing a foreign official:

You arrange for the business to pay an additional “facilitation” payment to a foreign official to speed up an administrative process. The offence of bribing a foreign public official is committed as soon as the offer is made. This is because it is made to gain a business advantage for us. We may also be found to have committed an offence.

WHAT YOU MUST NOT DO:

It is not acceptable for you (or someone on your behalf) to:

  • Give, promise to give, or offer, a payment, gift or hospitality with the expectation or hope that a business advantage will be received, or to reward a business advantage already given;
  • Give or accept a gift or hospitality during any commercial negotiations or tender process, if this could be perceived as intended or likely to influence the outcome;
  • Accept a payment, gift or hospitality from a third party that you know or suspect is offered with the expectation that it we will provide a business advantage for them or anyone else in return;
  • Accept hospitality from a third party that is unduly lavish or extravagant underthe circumstances;
  • Offer or accept a gift to or from government officials or representatives, or politicians or political parties;
  • Threaten or retaliate against another worker who has refused to commit abribery offence or who has raised concerns under this policy; or engage in any other activity that might lead to a breach of this policy.

FACILITATION PAYMENTS AND KICKBACKS:

  • We do not make, and will not accept, facilitation payments or “kickbacks” of any kind.
  • Facilitation payments, also known as “back-handers” or “grease payments”, are typically small, unofficial payments made to secure or expedite a routine or necessary action (for example by a government official). They are not common in the UK, but are common in some other jurisdictions.
  • Kickbacks are typically payments made in return for a business favour or advantage.
  • All workers must avoid any activity that might lead to a facilitation payment or kickback being made or accepted by us or on our behalf, or that might suggest that such a payment will be made or accepted. If you are asked to make a payment on our behalf, you should always be mindful of what the payment is for and whether the amount requested is proportionate to the goods or services provided.
  • You should always ask for a receipt which details the reason for the payment. If you have any suspicions, concerns or queries regarding a payment, you should raise these with a Director.

GIFTS, HOSPITALITY AND EXPENSES:

  • This policy allows reasonable and appropriate hospitality or entertainment given to or received from third parties, for the purposes of:
    • Establishing or maintaining good business relationships;
    • Improving or maintaining our image or reputation; or
    • Marketing or presenting our products and/or services effectively.
  • The giving and accepting of gifts is allowed if the following requirements are met:
    • It is not made with the intention of influencing a third party to obtain or retain business or a business advantage, or to reward the provision or retention of business or a business advantage, or in explicit or implicit exchange for favours or benefits;
    • It is given in our name, not in your name;
    • 1t does not include cash or a cash equivalent (such as gift certificates or vouchers);
    • It is appropriate in the circumstances, taking account of the reason for the gift, its timing and value. For example, in the UK it is customary for small gifts to be given at Christmas;
    • It is given openly, not secretly; and it complies with any applicable local law.
    • Promotional gifts of low value such as branded stationery to or from existing customers, suppliers and business partners will usually be acceptable.
    • Reimbursing a third party’s expenses, or accepting an offer to reimburse our expenses (for example, the costs of attending a business meeting) would not usually amount to bribery.
    • However, a payment in excess of genuine and reasonable business expenses (such as the cost of an extended hotel stay) is not acceptable.

 

  • We appreciate that practice varies between countries and regions and what may be normal and acceptable in one region may not be in another. The test to be applied is whether in all the circumstances the gift, hospitality or payment is reasonable and  The intention behind it should always be considered.

DONATIONS:

  • No donation must be offered or made without the prior approval of a Director.

3CLEGAL SERVICES LIMITED RESPONSIBILITIES: 

  • 3CLegal Services Limited must ensure that you read, understand and comply with this policy.
  • The prevention, detection and reporting of bribery and other forms of corruption are the responsibility of all those working for us or under our control. All workers are required to avoid any activity that might lead to, or suggest, a breach of this policy.
  • You must notify a Director as soon as possible if you believe or suspect that a conflict with this policy has occurred, or may occur in the future. For example, if a client or potential client offers you something to gain a business advantage with us, or indicates to you that a gift or payment is required to secure their business. Further “red flags” that may indicate bribery or corruption are set out below.
  • Any employee who breaches this policy will face disciplinary action, which could result in dismissal for gross misconduct.

RECORD-KEEPING:

  • 3CLegal Services Limited must keep financial records and have appropriate internal controls in place which will evidence the business reason for making payments to third parties.
  • 3CLegal Services Limited must declare and keep a written record of all hospitality or gifts given or received,which will be subject to managerial review.
  • 3CLegal Services Limited must submit all expenses claims relating to hospitality, gifts or payments to third parties in accordance with our expenses policy and record the reason for expenditure.
  • All accounts, invoices, and other records relating to dealings with third parties including suppliers and customers should be prepared with strict accuracy and completeness. Accounts must not be kept “off-book” to facilitate.

HOW TO RAISE A CONCERN:

  • You are encouraged to raise concerns about any issue or suspicion of bribery or corruption at the earliest possible stage.
  • If you are offered a bribe, or are asked to make one, or if you believe or suspect that any bribery, corruption or other breach of this policy has occurred or may occur, you must notify a Director/business owner as soon as possible.
  • If you are unsure about whether a particular act constitutes bribery or corruption, raise it with a Director/business owner.

PROTECTION:

  • Workers who refuse to accept or offer a bribe, or those who raise concerns or report another’s wrongdoing, are sometimes worried about possible repercussions. We aim to encourage openness and will support anyone who raises genuine concerns in good faith under this policy, even if they turn out to be mistaken.
  • We are committed to ensuring no one suffers any detrimental treatment as a result of refusing to take part in bribery or corruption, or because of reporting in good faith their suspicion that an actual or potential bribery or other corruption offence has taken place, or may take place in the future. Detrimental treatment includes dismissal, disciplinary action, threats or other unfavourable treatment connected with raising a concern. If you believe that you have suffered any such treatment, you should inform the Office Manager. Data Protection Officer immediately. If the matter is not remedied, and you are an employee, you should raise it formally using our Grievance Procedure.

TRAINING AND COMMUNICATION:

  • Training on this policy forms part of the induction process for all new workers. All existing workers will receive regular, relevant training on how to implement and adhere to this policy.
  • Our zero-tolerance approach to bribery and corruption must be communicated to all suppliers, contractors and business partners at the outset of our business relationship with them and as appropriate thereafter.

POTENTIAL RISK SCENARIOS: “RED FLAGS”:

The following is a list of possible red flags that may arise during the course of you working for us and which may raise concerns under various anti-bribery and anti corruption laws. The list is not intended to be exhaustive and is for illustrative purposes only.

  • If you encounter any of these red flags while working for us, you must report them
  • promptly to a Director:
  • You become aware that a third party engages in, or has been accused of
  • engaging in, improper business practices;
  • You learn that a third party has a reputation for paying bribes, or requiring that bribes are paid to them, or has a reputation for having a “special relationship” with foreign government officials;
  • A third party insists on receiving a commission or fee payment before committing to sign up to a contract with us, or carrying out a government function or process for us;
  • A third-party requests payment in cash and/or refuses to sign a formal commission or fee agreement, or to provide an invoice or receipt for a payment made;
  • A third-party request that payment is made to a country or geographic location different from where the third party resides or conducts business;
  • A third party requests an unexpected additional fee or commission to”facilitate” a service;
  • A third party demands lavish entertainment or gifts before commencing or continuing contractual negotiations or provision of services;
  • A third-party request that a payment is made to “overlook” potential legal
  • violations;
  • A third-party request that you provide employment or some other advantage
  • to a friend or relative;
  • You receive an invoice from a third party that appears to be non standard or customised;
  • A third party insists on the use of side letters or refuses to put terms agreed
  • in writing;
  • You notice that we have been invoiced for a commission or fee payment  that appears large given the service stated to have been provided;
  • A third party requests or requires the use of an agent, intermediary,consultant, distributor or supplier that is not typically used by or known to us; or
  • You are offered an unusually generous gift or offered lavish hospitality by a third party.

If you have any queries, please free to contact us.

Data protection licence number: ZA287333

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