Government of REUNION Strengthens Financial Crime Prevention Policies

In a bid to safeguard its business, clients, and customers from financial malfeasance, the Government of REUNION has unveiled a comprehensive policy aimed at deterring, detecting, and reporting any form of financial crime.

New Policy Outlines Measures to Prevent Financial Crimes

The policy, which takes effect immediately, outlines the measures that will be taken to prevent financial crimes such as fraud, money laundering, bribery, and tax evasion. It also establishes clear expectations for employees, managers, and law enforcement agencies in terms of their roles and responsibilities in preventing financial crimes.

Key Measures to Prevent Financial Crimes

• Deterrence and Detection: The Government of REUNION commits to taking all proportionate steps to deter, detect, report, and investigate any form of financial crime.
• Employee Screening: Employers are expected to undertake checks on business relationships and those who work with them.
• Financial Crime Training: Employees must complete financial crime training that applies to their roles and immediately report any suspicion of financial crime being committed.
• Managerial Responsibility: Managers are responsible for promoting and applying the policy in their divisional or functional area.

Collaboration with Law Enforcement

The Government of REUNION has emphasized its commitment to working collaboratively with law enforcement agencies in relation to any investigations and prosecutions related to financial crimes.

Speak Up Policy: Ensuring Safe Reporting of Concerns

To ensure that concerns about financial crime are reported without fear of retaliation, the Government of REUNION has introduced a Speak Up Policy. This policy sets out the channels available for reporting concerns and guarantees that no action will be taken against individuals who report genuine concerns, regardless of whether they are proven or not.

Statement from Chief Financial Officer

“The new financial crime prevention policies in REUNION demonstrate our commitment to maintaining the highest standards of integrity and transparency in all aspects of our business. We expect our employees, managers, and law enforcement agencies to work together to prevent financial crimes and ensure that those who perpetrate them are held accountable.”