Investor Relations

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Anti-Bribery And Anti-Corruption
Anti-Bribery And Anti-Corruption

  

Anti-Bribery And Anti-Corruption
Regulations
Anti-Bribery and Anti-Corruption Systems
Anti-Bribery And Anti-Corruption
Regulations

Sustainability for Albaraka Turk is to be able to preserve the future. Albaraka Turk is aware that it has to comply with all the legislations within the domestic and foreign transactions. In addition with complying all the legislations it is related with; Albaraka Turk conducts its activities in accordance with "Ethical Conduct of Banking" as determined by Turkish Participation Banks' Union. Click for Ethical Conduct of Banking.

In addition to Ethical principles; Albaraka Turk has determined some cases as events that necessitate firing from work if they are about corruption and bribery; and which are clearly determined on Personnel Regulation Chapter VII "Provisions on Discipline", and "Cases Necessitating Discharge" and the definition is:

"Deleting or removing all types of accounts, document records and data; to make inaccurate changes on those and to obstruct the system,"

"To establish discrete or open partnerships with customers, business owners and Bank, to receive bribe, to receive gifts for his/her own interest",

"To conduct theft, fraud, forgery and misconduct of security or custodian",

"To use the resources of Bank for personal interest, to gain unfair advantage",

Anti-Bribery and Anti-Corruption Systems

Albaraka Turk has established the required processes and units in order to fight against corruption and bribery; thereby preserving and strengthening the national and international reputation of the bank and to preserve the clients and personnel quality. Our bank continues to struggle against corruption and bribery through Internal Audit Department, Inspection and Legislation Compliance Department and brings the anomalous transactions that occurred within the institution to the use of its own personnel and clients.
Click for report line.

Albaraka Turk has established the required policy in order to fight against the money laundering and finance of terror. Click for "Policy against Money Laundering and Financing Terrorism". Albaraka Turk actively implements its policies and activities within the scope of "Law No. 5549 on the Prevention of Money Laundering and Financing", "Law No. 6415 on the Prevention of Finance of Terror", regulations and MASAK (Financial Crimes Investigation Board); also assigns compulsory e-trainings for the whole personnel in certain intervals and contributes for their self-awareness on Anti-Bribery and Anti-Corruption.

Some of the compulsory e-trainings assigned to the personnel are; Training Program on Preventing Bribe to Public Officials in International Commercial Transactions, E-Learning Training on Struggling Against the Financing of Terrorism and Current Risk, Basic Concepts of ML-PTF and Risk-Based Approach and Liabilities from the Legislation 2015 ML-PTF.