Greenland Seeks to Eradicate Financial Fraud with Company-Wide Training Program

Royal Greenland has launched a comprehensive training program for its employees aimed at preventing and detecting financial fraud. As a global company operating in diverse cultural environments, it is essential that its workforce is aware of the risks involved.

Royal Greenland’s Zero-Tolerance Policy on Financial Fraud

At Royal Greenland, corruption in any form is strictly prohibited, including tax evasion, money laundering, embezzlement, and bribery. The company recognizes the importance of maintaining a uniform code of conduct across all its operations.

Risks and Opportunities Identified

The training program aims to increase risk awareness among employees, ensuring they are equipped to navigate potential corruption scenarios. These include:

• Involuntary involvement in a corruption case
• Receiving large and inappropriate gifts
• Dilemma situations where employees may be tempted to compromise their values

On the other hand, the program also provides opportunities for employees to report suspicious activity anonymously and benefits from dilemma training.

2023 Results Show Promising Outcomes

In 2023, Royal Greenland achieved its goals, with no reported corruption cases and the successful training of new employees. One instance was detected through the whistleblower scheme implemented by the company.

Looking Ahead to 2030

Royal Greenland is committed to strengthening its anti-corruption measures further. By 2030, the company aims to have an active and expanded whistleblower scheme that includes partly-owned companies. This initiative demonstrates the company’s dedication to transparency, accountability, and zero tolerance for financial fraud in Greenland.

By implementing this comprehensive training program, Royal Greenland is taking a proactive approach to preventing financial fraud and promoting a culture of integrity within its organization.