BSP is committed to conducting its business in an honest and ethical manner and in accordance with all applicable laws, rules and regulations.
BSP recognises that acts of bribery and corruption are detrimental to the growth and prosperity of individuals and the organisations we are affiliated with and overall, the communities that we live in. As a business, BSP is very mindful of the consequences of bribery and corruption which may result in both financial and reputational loss and imposition of regulatory, including criminal sanctions. BSP has therefore taken a zero tolerance approach against bribery and corruption and is committed to ensuring that it fully complies with relevant global rules, sanctions and domestic laws of countries where the bank and its subsidiaries operate.
The purpose of this Anti-Bribery and Anti-Corruption Policy (the “ABC Policy”) is to reinforce and strengthen our resolve to set in place appropriate guidelines that will assist in understanding our responsibilities as well as those who we engage with and also help in dealing with issues of bribery and corruption. The Policy complements the Bank’s other related policies, in particular the Codes of Conduct and Core Values that emphasise the principles of professionalism, fairness and integrity in our relationships and business dealings with both our internal and external stakeholders.