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 are in place regarding customer due diligence, reporting of suspicious transactions, storage and provision of data, information and documents, risk assessment and management, internal control and compliance with all relevant provisions to prevent transactions related to money laundering, terrorist financing, violation of embargoes and weapons regulations. Procedures have long been in place to carry out automatic checks on the Group's register and transactions in order to mitigate the risk of having customers subject to restrictions or asset freezing measures (black list).

To strengthen compliance with internal and external regulations, specific mandatory training is conducted, which follows multi-year cycles, also according to local requirements.