MKB regularly takes measures aimed against corruption. Anticorruption activities form an integral component of the compliance control system.
Key documents governing the anticorruption actions in the Bank:
- Anticorruption Policy of CREDIT BANK OF MOSCOW
- Code of Corporate Ethics of CREDIT BANK OF MOSCOW
- Regulation on the Hotline of the Audit and Risk Committee of the Supervisory Board of CREDIT BANK OF MOSCOW
The compliance environment is an integral part of the MKB internal governance control system and corporate culture, which helps create conditions for fair and transparent business in the Bank.
Within the frame of its compliance procedures, the Bank implements the necessary measures and procedures; thus, the Bank:
The main goals of the anticorruption system in the Bank:
- To identify, prevent, and minimize cases of illegal, unethical, corruption conduct of the Bank’s employees
- To identify, prevent, and minimize cases of involvement of the Bank as a financial institution in the corruption schemes
The main objectives of the anticorruption system in the Bank:
- To establish the principles and rules of countering corruption in the Bank
- To create efficient mechanisms, procedures, control, and other activities aimed at countering corruption and mitigating the risk of involvement of the Bank and its employees in corrupt practices
- To build the culture of ethical conduct and zero tolerance to all demonstrations of corrupt practices, including the uniform standard of anticorruption conduct among the Bank’s employees
- To integrate anticorruption principles into the strategic and operational governance at all operating levels of the Bank
- To ensure liability measures for corruption offenses
- To inform the management bodies of the Bank and competent government bodies of the corruption offenses and measures taken to counter corruption
For the purpose of protecting interests of shareholders, customers, creditors, investors, and society at large as well as supporting stability of the Russian and international financial markets, the Bank’s employees shall adhere in their work to high ethical norms and professional standards, comply with requirements of internal regulations, Bank of Russia regulations, and other legal regulations in accordance with the legislation of the Russian Federation and international anticorruption legal acts.
Regardless of their position, the Bank’s employees shall be personally liable for compliance with the anticorruption principles and for actions (omission) of their subordinates who violate these principles and requirements.
The anticorruption activity of the Bank is based on the following main principles:
Personal example of management
Involvement of the Bank’s employees
Liability and inevitability of punishment
Adequacy of anticorruption procedures for the corruption risk
Continuous control and regular monitoring of corruption risks