Compliance

Compliance or compliance control (from English "compliance" means "compliance, compliance, fulfillment of requirements") is a system of measures aimed at preventing lawful actions of the organization's employees and implementing corporate business ethics based on compliance with legislation, industry standards and internal procedures (provisions, policies, instructions, etc.).

Internal control and compliance are concerned with preventing the involvement of the Bank in illegal activities, ensuring compliance with the legislation of Uzbekistan and international standards in the field of countering the legalization of income derived from criminal activity, the financing of terrorism and the financing of the proliferation of weapons of mass destruction, complying with international economic sanctions, creating a conflict of interest management system and minimizing corruption risks. Effective control mechanisms help to minimize risks and strengthen the trust of clients, which ensures the stable development of the bank in a complex financial environment. It is important to create a culture of compliance to ensure that the interests of all stakeholders are protected.

Corruption - a person's illegal use of their position or official position with the purpose of obtaining material or non-material benefit in their personal interests or in the interests of other persons, as well as illegal provision of such benefit; For corruption offenses and bribery, that is, knowingly receiving and donating by employees or members of the "Apex Bank" JSC Board of Directors of material values or material benefit for performing or not performing in the interests of a bribe-taker certain actions that the specified official should or could have committed using his/her powers, administrative liability may be applied according to Article 61-1 of the Administrative Responsibility Code, as well as Criminal liability - according to Articles 192-9 and 192-10 of the Criminal Code.

A conflict of interest is a situation where a person's personal interests (direct or indirect) can influence how they perform their duties at work. At the same time, there may be a conflict between his personal interests and the rights or legitimate interests of other people, organizations or the state. Such a conflict can be real (if it already exists) or potential (if it can arise in the future).

To prevent possible consequences of conflict of interest, employees of the Department of Internal Control and Compliance of «APEX BANK» JSC have developed clear instructions and procedures for managing and resolving conflicts of interest to minimize their impact on the bank's activities. Employees are prohibited from using their official position for personal gain, be it financial gain, career advantages, or other benefits.

"APEX BANK" JSC operates the following communication channels:-
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Phone: +998 (55) 517-00-00;-
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The company's postal address is info@apexbank.uz;-
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Postal address of the Department of Financial and Compliance Control compliance@apexbank.uz;-
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Telegram bot apex_anticor_bot.

You can report the following potential, committed and committed violations by employees of "APEX BANK," including employees:

- Corruption and fraudulent acts, embezzlement, forgery;

- Potential and real conflict of interest (more about the conflict of interest here) (reference to the question in the FAQ "What is a conflict of interest and how it is regulated in APEX BANK");

- Cases of abuse of official position and abuse of official authority;

- Illegal financial transactions;

- Localism, nepotism (communism), favoritism, patronage and clanism in hiring, rotation, promotion and promotion of personnel; - Violation of the Corporate Ethics Code of "APEX BANK" JSC, Internal Labor Regulations and other internal procedures;

- Other actions or inaction that violate the norms of the current legislation of the Republic of Uzbekistan.