MONEY LAUNDERING, TERRORIST FINANCING, AND SANCTIONS
WHY IT MATTERS
As we establish ourselves as a key economic player in the region, we have a duty to maintain visibility over our business relationships and transactions.
In particular, we need to be alert to the risks associated with money laundering, terrorist financing, and economic sanctions. Remaining vigilant to these risks will not only help us to ensure we comply with the law and regulations, but also to ensure we maintain a positive economic impact on the world around us.
Our commitments
AS A COMPANY, WE ARE COMMITTED TO:
- Meeting our obligations under all applicable national and international laws and regulations related to money laundering, terrorist financing, and economic sanctions
- Implementing effective processes to identify and manage our exposure to risk in these areas and conducting regular testing of these processes to ensure they remain fit for purpose
- Providing training and communication for employees in relevant positions regarding our money laundering, terrorist financing, and sanctions risks, and the processes we have in place to mitigate them
- Conducting investigations in relation to any actual or suspected breaches of economic sanctions or applicable laws and regulations in the area of money laundering or terrorist financing
Our expectations
AS NEOM REPRESENTATIVES, WE EXPECT YOU TO:
- Understand our commitment to abide by all applicable laws and regulations related to money laundering, terrorist financing, and economic sanctions
- Ensure you conduct the required training and follow our processes to identify and manage our exposure to risk in these areas, if you are working in a related role
- Promptly report any money laundering, terrorist financing, or economic sanctions concerns to your line manager, an appropriate senior colleague, or our Speak Up channel
Further Information
MORE INFORMATION IS AVAILABLE IN OUR:
However, you can also contact the Compliance Department if you have any questions or concerns regarding our approach to money laundering, terrorist financing, or sanctions
