Our Compliance team works to effectively identify, mitigate and manage compliance and business risks. As the gatekeepers of our compliance principles in practice, they work hard to actively promote adherence to all regulatory controls. They always go the extra mile to ensure that our employees have a pragmatic understanding of the critical importance of compliance as it relates to their roles.
Compliance
It’s vital that we have systems in place to reduce the likelihood of compliance breaches, control their severity, and undertake the necessary actions in the event that something does occur. You can read an overview of these systems below:
Our Principles for Business Policy is a code of conduct by which all of our employees are measured. This system allows us to effectively identify non-compliance with our principles (e.g. lack of integrity, care, or diligence) with a view to getting ahead of problems before they occur and to provide opportunities for training and development.
No stakeholder should be scared to blow the whistle. That’s why in our Whistleblower Policy, we give all stakeholders protection from detriment or dismissal in connection to the reporting of illegal or immoral practices in the workplace. This policy helps to prevent bribery, corruption and tax evasion, allowing us to maintain the highest standards of honesty, integrity and accountability.
Exposure of personal and/or private data is one of the most critical things we safeguard against at Mekong Re. We have a formal, documented procedure to nullify the associated risks, and assume the role of its custodian with the utmost seriousness. We maintain strict systems and controls — gated behind levels of access — to ensure the absolute protection of the data you entrust to us.
As part of our due diligence process, and in order to prevent financial crime, we implement strict controls when assessing and appointing new business partners and clients. Our formal Anti-Money Laundering Policy — in tandem with Sanctions Checks on prospective stakeholders — ensures that we foster new relationships with the appropriate rigour, drastically reducing the chances that a financial crime-related breach will occur.
If you have a question about our compliance procedures, think they could perform better, or if you have a specific issue you would like to flag with Mekong Re, you can contact us via our contact page.
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