The Compliance function of ID FINANCE Group is aimed at managing preventive and reactive environments related to compliance with (i) law (ii) ID FINANCE’s internal rules, both in Corporation and in the operating business (business departments), in general and with focus in specific matters identified as sensitive from a compliance point of view.

The main subject supervised by the Compliance area and on which most of its policies, procedures and controls are concentrated in is the integrity, a cross-cutting concept that captures the fight against corruption and bribery.

ID FINANCE’s commitment to our stakeholders is zero tolerance for fraud and corruption as we understand that they have a negative impact on business and society.

Regarding ID FINANCE’s Global Compliance Model for the Prevention, Reaction and Response of potential breaches, it is worth highlighting:

Integrity. The fight against corruption

Our Anti bribery and corruption Policy prohibits any type of corruption, public or private, active or passive, and regulates the acceptance and offering of gifts and invitations.
The ID FINANCE Group has obtained the ISO 37001 certificate from Bureau Veritas certified by ENAC, which establishes the requirements that an Anti-bribery Management System must have in order to prevent, detect and manage criminal bribery behaviours, favouring a culture of integrity, transparency, honesty and compliance against bribery and corruption.

Criminal Prevention

We have rules, policies and criminal or administrative prevention models in those countries in which local legislation contemplates the criminal or administrative responsibility of the legal entity for the commission of certain crimes or, in some cases, administrative offenses. In the case of Spain, we have a Criminal Compliance Policy.
The ID FINANCE Group has obtained the UNE 19601 certificate from Bureau Veritas certified by ENAC, which establishes the requirements that a Criminal Compliance Management System must have, to
meet the objective of preventing the commission of crimes, reducing criminal risk in organizations and, thereby, promoting a culture Ethics and Compliance.

Conflict of interest

ID FINANCE has a Conflict of Interest Policy that regulates those situations in which a Personal Interest, direct or indirect, of an employee, influences, could influence or generates the perception of being able to influence, in the professional decisions to be adopted by that employee, and this personal interest or benefit may collide with the interests of any company of ID FINANCE Group. Our regulation requires doing right at all times, and especially in the event of a conflict of interest, respecting the corporate principles of Responsibility, Transparency, Loyalty, Communication and Confidentiality.

Supplier and third-party Due Diligence

The ID FINANCE Group has defined a supplier and third-party due diligence model from a Compliance point of view; such control is on a continuous improvement. As part of such model, certain transactions (among others, contracts with suppliers, investors, etc.) require individualized assessments.

Training and Awareness

At ID FINANCE we consider that training and awareness are key to preventing irregular behavior. For this reason, we train our employees from the moment they join the company on their obligations in terms of Compliance and Money Laundering.

We also promote communication actions and specific awareness-raising initiatives to reinforce the Group’s culture of Compliance.

Corporate Tools

To facilitate compliance with our commitments in terms of integrity and Compliance, at ID FINANCE we have the following tools:

• Ethics Line
• Compliance Mailbox:
  • [email protected]
  • [email protected] (communicatons and/or complaints that may affect the Compliance Officer or any member of the Compliance Committee).