Eurobank provides financial security by enforcing policies to combat fraud, corruption and money laundering, that are in compliance with international regulations for dealing with cases of violation of economic restrictions and sanctions, and by effectively managing potential conflicts of interest.
Whistleblowing Mechanism
Eurobank operates on the basis of high ethical standards, integrity, transparency, and accountability. Our strategic commitment is to safeguard our reputation and clientele. For this reason, it is of primary concern for staff to act with honesty and a high sense of responsibility, and to ensure safeguarding of the assets and resources under its responsibility.
In this context, Eurobank applies the rule of zero tolerance in cases of fraud, corruption, violation of legislation related to money-laundering and generally actions that cause material and reputational damage to Eurobank.
Eurobank has a Policy of Reporting Unethical Conduct in place which intends to facilitate the members of staff of Eurobank and concerned third parties to submit Reports on any actual, attempted or suspected fraud or other unethical conduct, while eliminating any concerns that their Report may result in adverse consequences for themselves.
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Conflicts of Interest
Eurobank understands, identifies, manages and prevents situations that may lead to conflicts of interest. To that end, Eurobank has a “Conflicts of Interest Policy” in order to identify and manage situations that give, or may give, rise to actual, potential or perceived conflicts of interest in accordance with local legislation and international best practices.
Conflicts of interest may arise when the personal, business or financial interests of a Staff member deviate from the interests of Eurobank or key stakeholders (e.g. clients, shareholders, suppliers etc.).
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Anti-Bribery and Corruption
Eurobank shows zero tolerance towards bribery and corruption. To that end, there is an “Anti- Bribery and Corruption Policy” applied to all Eurobank Staff aiming to prevent instances of bribery and corruption and promote integrity within the business environment.
Eurobank provides ongoing training and briefing of staff on the prevention and identification of bribery and corruption incidents.
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International Regulations on Economic Sanctions
Eurobank has developed policies, procedures and monitoring mechanisms to fully comply with current legislative and regulatory framework and to deal with violations of International Regulations, by prohibiting, interrupting and identifying any case of an economic entity/organization/country, associated with terrorist activities, human trafficking, drug trafficking and arms trafficking.
There is also a pertinent training for the Staff to understand and identify cases of financial sanctions and cases where a total or partial ban on economic activity is foreseen, while encouraging Staff, and in particular authorized executives, to report all cases of financial offenses that are encountered.
Code of Conduct and Ethics
The Code of Conduct and Ethics highlights the importance Eurobank attaches to integrating principles in the way we behave as professionals and the way we conduct business. The Code is for every Eurobank staff member, irrespective of segment, level or job description, a daily vade mecum.
The Code of Conduct and Ethics acts as a regulatory framework for Eurobank, and is complementary and subsidiary to the existing legislation. Moreover, the Code is complemented by specific policies, which serve as a further point of reference for Eurobank staff.
In 2021, there were no confirmed:
- Incidents of corruption.
- Incidents in which employees were dismissed or disciplined for corruption.
- Incidents when contracts with business partners were terminated or not renewed due to violations related to corruption.
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