Anti-corruption policy of CKB

Both the Crnogorska komercijalna banka a.d. Podgorica, member of OTP group (hereinafter: Bank) and OTP group are committed to combating corruption. The owners and leaders of the Bank apply zero tolerance towards all forms of bribery and corruption (gaining of unfair advantages).

 

The provisions of this Policy (hereinafter: Policy) have been formulated in accordance with the applicable Montenegrian legislation, OTP group standards and the Anti-Corruption Guidance of the Wolfsberg Group.

 

The purpose of the Policy is to define the principles of the Bank’s anti-corruption activity, to define the areas especially exposed to the risk of corruption, and to serve as a core document for the formulation of the regulatory documents required for the Bank’s anti-corruption efforts and for the affected employees’ anti-corruption activity.

 

The principles and provisions of the Policy apply to the Bank’s entire organization, spanning the full spectrum of its operation from the formulation of internal regulatory documents, the contracts to be concluded with partners to the actions of individual employees and are applicable to all of the Bank’s activities.

 

The unit responsible for this Policy is the Compliance Department.

 

Anti-corruption policy of CKB is available for download here.