Compliance – is the conformity with any internal or external requirements or standards.
Compliance responsibility includes anti-corruption and fraud, legalization of proceeds from crime, financing of terrorism. Compliance ensures conformity of the Company’s activities with current legislation and internal regulations, establishes ethical standards of business conduct for employees, etc.
The objective of the Compliance system implementation is to create effective mechanisms for identifying and analyzing corruption-related areas of activity, ensuring the Company’s comprehensive protection against legal, economic, reputational, sanctions and other threats, in accordance with the best international standards.
An external centralized line of the initiative informing that is administered by an independent operator to be introduced within the framework of the Initiative Information Policy, in addition to internal channels for expressing concerns regarding anti-corruption issues, violations of the legislation of the Republic of Kazakhstan, unethical behavior or discrimination.
In May 2021, the working Group of JSC NMC Tau-Ken Samruk (hereinafter – the Company) conducted the internal analysis of the Company’s corruption risks. Regulatory legal acts, as well as internal regulatory documents of the Company, the results of inspections previously carried out by state bodies in relation to the Company, and the results of control activities of the internal audit service were used as part of the internal analysis of corruption risks.
Based on the results of the internal analysis of the corruption risks of the Company and its subsidiaries, an action plan was drawn up to prevent, mitigate and eliminate corruption in the Company and its subsidiaries, which will be implemented by the end of 2021.