Fighting corruption and money laundering

Intesa Sanpaolo is committed to contributing to the fight against corruption, supporting the OECD (Organisation for Economic Co-operation and Development) Guidelines and the anti-corruption principles established by the United Nations, also through the "zero tolerance" approach. Intesa Sanpaolo's internal policies also provide that political parties and movements cannot be recipients of donations and sponsorships.

The Group has defined high standards of compliance for all its people, sanctioned primarily by the Code of Ethics (the corporate objectives must be pursued with honesty, correctness and responsibility, in full and substantial compliance with the rules, professional ethics and spirit of the signed agreements) and by the Code of Conduct.

 UN SDGs SUPPORTED

The Group Anti-Corruption Guidelines, approved by the Board of Directors, already adopted as of 2017 and updated in 2023, identify principles and sensitive areas and define the roles, responsibilities and macro-processes for the management of this risk.

In compliance with the regulatory provisions of the legislator and the sector supervisory authorities and taking inspiration from the international standards contained in the FATF (International Financial Action Task Force) Recommendations, the Group has adopted procedures, tools and controls aimed at mitigating the risk of being involved, even unknowingly, in money laundering, terrorist financing, violation of embargoes and armaments legislation.

Specific processes and procedures include customer due diligence, reporting of suspicious transactions, risk assessment and risk management, internal controls, archiving of data, information and documents and the adoptions of automated systems for transaction monitoring, name screening and payment filtering.