Compliance Program
SICPA has implemented a state-of-the-art Compliance Program that addresses the key risk areas of Corruption prevention, Foreign Trade Controls, and Competition Law compliance.
SICPA robust Compliance Program has been designed based on the guidelines and frameworks established by various regulators, taking into account a combination of internal and external factors, and with the clear objective of protecting the company and its employees, meeting the requirements and expectations of our customers and stakeholders, thus providing a competitive advantage.
The Compliance Program has matured over time and continues to evolve to prevent compliance risks from materializing through comprehensive risk management.
SICPA has a central Compliance function, focused globally on corruption prevention, competition law and foreign trade controls compliance, headed by a Group Compliance Officer who reports directly to the CEO and the Chairman of the Audit Committee and acts independently from the business. This enables an organizational structure to oversee and improve processes, supported by a network of Business Compliance Ambassadors around the world.
All SICPA employees, including managers and the leadership team, are periodically trained in compliance-related topics. Certain employees receive more intensive training due to their role and risk exposure, and all new employees must undergo mandatory compliance training as part of their onboarding.
Internal and external communication is an integral part of SICPA Compliance program. SICPA has a dedicated internal Compliance Portal, and news and critical information are published on SICPA Intranet home page.
Compliance also releases periodical newsletters and runs different communication campaigns to inform and promote awareness.
SICPA has continuously developed its Third-Party Management System to holistically manage third parties that act on our behalf, and we have a stringent process in place to manage and mitigate potential risks. Their engagement is subject to a thorough integrity due diligence process prior to onboarding. They receive regular dedicated compliance training and are required to submit an Annual Compliance Declaration. Further audits are conducted by external auditing firms.
All Third Parties must abide by SICPA policies and suppliers must agree to comply with SICPA’s Supplier Code of Conduct. We have a policy of zero tolerance for unethical conduct.
SICPA takes its responsibility to investigate potential misconduct very seriously, whether identified in the normal course of business, reported through the Speak Up line, or discovered in some other way.
A specific process is in place to ensure that the investigation is conducted in a professional manner, in accordance with relevant rules and laws, and is carefully monitored to guarantee timely resolution and documentation of the findings.
Where wrongdoing is confirmed, SICPA is committed to conducting a root cause analysis of the misconduct and to taking appropriate disciplinary action against those involved.