Financial Crime Policies and Procedures in Guinea: A Media Report

Introduction

In an effort to strengthen its commitment to anti-financial crime efforts, Capita plc has outlined its policies and procedures aimed at deterring, detecting, and reporting financial crimes in Guinea. The company’s Global Policy on Financial Crime emphasizes the importance of protecting its business, people, clients, and customers from falling victim to financial crimes.

Types of Financial Crimes

According to the policy, Capita is committed to taking all proportionate steps to prevent and investigate various forms of financial crime, including:

• Fraud: Against the company, its clients, or their end customers
• Money laundering, financing terrorism, and tax evasion
• Insider trading and market manipulation
• Active or passive bribery and corruption
• Operating in accordance with applicable laws, regulations, and sanctions restrictions

Established Standards and Procedures

To achieve this goal, Capita has established a set of standards and procedures that must be followed by its businesses and employees. These include:

1. Anti-Money Laundering and Countering Terrorist Financing: Ensure compliance with international standards and guidelines
2. Fraud Prevention: Implement controls to prevent and detect fraudulent activities
3. Sanctions Compliance: Verify the legitimacy of clients, customers, and business partners
4. Prevention of Tax Evasion: Comply with tax laws and regulations in all jurisdictions
5. Anti-Bribery and Corruption: Prevent bribery and corruption in all forms
6. Disclosure and Control of Inside Information: Ensure timely disclosure of material information
7. Share Dealing Rules: Comply with rules governing share dealings by employees

Employee Responsibilities

The company expects its employees to demonstrate their commitment to the policy by:

• Completing financial crime training relevant to their roles
• Reporting any suspicions of financial crimes immediately through local suspicious activity reporting procedures or the requirements of the standards and procedures that support this policy.
• Not informing or “tipping off” anyone about suspected financial crimes, transactions, or investigations
• Avoiding dealing in Capita securities if they have unpublished insider information or price-sensitive information related to Capita’s activities

Speak Up Policy

Capita also encourages its employees to speak up if they are unsure about what to do or have concerns regarding the policy. The company has a Speak Up Policy that outlines the channels available for reporting genuine concerns, and no action will be taken against employees who report such concerns.

Management Responsibility

The company’s management teams are responsible for promoting and applying the policy in their divisions or functional areas. Capita supports its management teams with expert counsel and challenge from its Financial Crime and Company Secretary teams to support decision-making and investigate concerns raised under this policy.

Non-Compliance

The company takes non-compliance with the policy very seriously, reporting exceptions through governance mechanisms that ultimately include the Risk and Audit Committees.

Conclusion

Capita’s commitment to anti-financial crime efforts is a significant step forward in promoting a safe and responsible business environment in Guinea. By outlining its policies and procedures, the company demonstrates its dedication to protecting its stakeholders from financial crimes and upholding the highest standards of corporate governance.