Eurobank Cyprus Ltd Anti-Bribery & Corruption Policy Statement
Scope & Applicability of the Anti-Bribery & Corruption Policy
Eurobank Cyprus Ltd (hereinafter referred to as the “Bank”) conducts business in an honest and ethical manner and takes a zero-tolerance approach to bribery and corruption. It is committed to acting professionally, fairly and with integrity, in all its business dealings and relationships wherever it operates, and in implementing and enforcing effective systems to counter bribery and corruption.
The Anti-Bribery & Corruption Policy (“Policy”) applies to all staff members as well as any third parties that have access to the Bank’s records and facilities and collaborate in any manner with the Bank on a contractual basis.
Failure to comply with the Policy may lead to legal and/or disciplinary actions against individuals and the Bank.
Basic Principles for dealing with Bribery and Corruption
The Bank adopts leading international practices to manage and address bribery and corruption risks, using the following principles:
Zero tolerance to bribery and corruption;
Establishes and follows effective control procedures to prevent or identify bribery and corruption;
Ensures the implementation of a control program;
Provides efficient, confidential reporting mechanisms to staff and encourages their use by providing protection to individuals who report in good faith. Staff are encouraged to report bribery attempts by third parties;
Establishes mechanisms for monitoring incidents of bribery;
Adopts regular risk assessment mechanisms of the Bank’s structures and operations, which it oversees, reviews, adapts and revises;
In the context of the ongoing risk assessment, a record of bribery complaints and/or incidents is maintained;
Records in a formal questionnaire the minimum requirements of the Bank towards third parties regarding bribery issues; and
Provides ongoing training and briefing of staff on the prevention and identification of bribery and corruption incidents.
Reporting channels
Third parties may submit concerns regarding unlawful or irregular behaviors, including bribery and corruption, through one of the following channels:
a) Sending an email to cypruscodeofconduct@eurobank.com.cy;
b) Sending a letter to the Compliance mail address, 28 Spyrou Kyprianou Avenue, 1075 Nicosia (to the attention of the Compliance Department);
c) Calling the relevant telephone “ERB Reporting Line”: (+357 22208209) and leave a message on the answering machine, which is available 24/7, all year round.