DO YOU KNOW WHAT OUR CORPORATE POLICIES AND REGULATORY COMPLIANCE CONSIST OF?
Our policies develop the principles which serve as the basis of our Corporate Governance and cover the behavioral guidelines for our company. These internal rules are fully aligned with the most recent regulatory frameworks that govern our business operations.
In every country where we operate we develop prevention models to combat corruption. As well as this, we also have mechanisms in place to detect it before it happens.
INTERNATIONAL TRADE, PREVENTION OF MONEY LAUNDERING AND FINANCING OF TERRORISM
All of our professionals have internal guidelines to avoid illegal behavior resulting from the non-compliance of the relative regulations regarding sanctions and international embargos through illegal trading, money laundering or the financing of terrorism. We have control measures in place to assure that the current regulations are met in the countries where we operate. Our main guidelines are found in our Policy on International Trade, Prevention of Money Laundering and Financing of Terrorism.
At Cepsa (Compañía Española de Petróleos, S.A.U and its group of companies) we have a policy of zero tolerance of unethical behavior that could lead to criminal regulatory non-compliance. We have a policy of crime prevention aimed at our administrators, agents, directors, staff, and third parties who we have a relationship with. In this policy we underline our firm opposition to any criminal act that could damage the company’s value, image, or reputation.
We guarantee to the respective judicial bodies, who carry out an effective compliance of supervisory checks, the monitoring and control of their duties through a number of specific measures. These help to significantly prevent or reduce the chance of criminal activities covered under article 31 of the Spanish Criminal Code.
We abide by fiscal legislation. We know that taxes help to a great extent to maintain the social services we all use. And so we provide all the necessary information on the company and pay taxes according to the tax regime in each of the countries where we work. In Spain, we also adhere to the Code of Best Fiscal Practices as established by the State Agency for Fiscal Affairs.