BNP Paribas UK operates a policy of zero tolerance of bribery in all its forms. This means that it does not tolerate any bribery whatsoever, whether it consists of the payment or the receipt of a bribe, whether it occurs inside or outside the UK and whether it takes place in the private or public sector of any country.
BNP Paribas UK does not tolerate any other form of corrupt practice and will decline to enter into any business relationship if it considers that to do so might expose it to any activity which might be corrupt, fraudulent or otherwise illegal.
BNP Paribas UK has in place rigorous procedures and robust systems and controls designed to detect and prevent financial crime, including bribery and corruption. Its staff are trained to identify and evaluate financial crime risks and such risks are routinely considered in deciding whether to enter into business relationships and transactions.
It also carries out detailed due diligence on both clients and transactions. Due diligence includes bribery and money laundering checks.
Particular care is taken when dealing with (a) foreign public officials, (b) intermediaries such as introducers, distributors and brokers and (c) suppliers, such as IT suppliers. In such cases, BNP Paribas UK may require anti-bribery and corruption clauses in relevant contracts and may, in addition, wish to investigate the adequacy of the anti-bribery procedures and controls of its counterparties.
BNP Paribas UK operates to the highest standards of honesty and integrity and expects its business partners to observe the same standards in all business dealings with BNP Paribas.