The purpose of this Anti-Fraud Policy is to establish guidelines and procedures to prevent, detect, and respond to fraudulent activities within the company. This policy aims to protect the company’s assets, reputation, and interests, as well as ensure ethical conduct and compliance with applicable laws and regulations.
This policy applies to all employees, contractors, vendors, partners, and individuals acting on behalf of the company.
Fraud refers to any intentional act of deception, misrepresentation, or manipulation aimed at obtaining financial or personal gain, causing financial loss to the company, or misleading stakeholders.
The following activities are strictly prohibited and constitute fraud under this policy:
The company will implement the following measures to prevent and deter fraud:
Employees and stakeholders have a responsibility to promptly report any suspected or observed fraudulent activities. The company will ensure that all reports are treated confidentially, and no retaliation will be taken against those reporting in good faith. An investigation will be conducted promptly and impartially, and appropriate actions will be taken based on the investigation’s findings.
Any employee or individual found engaging in fraudulent activities will be subject to disciplinary action, up to and including termination of employment or legal prosecution, as deemed appropriate. The company may also pursue recovery of damages or losses incurred as a result of the fraud.
This Anti-Fraud Policy is intended to supplement and work in conjunction with other company policies, as well as applicable laws and regulations related to fraud prevention and detection.
This policy will be reviewed periodically to ensure its effectiveness and alignment with evolving business needs and regulatory requirements.
By adhering to this Anti-Fraud Policy, we demonstrate our commitment to maintaining a culture of integrity, honesty, and transparency in all our business activities.
(Last revised: 30/03/2022)