The HSBC Group has in place an Anti-Bribery & Corruption Policy (the "Policy") supported by relevant Controls designed to prevent the occurrence of bribery. The HSBC Group and its senior management has a zero tolerance policy with respect to corruption, influence peddling, extortion by public officials, unlawful taking of interest, misappropriation of public funds, favouritism, or facilitation of payments. We expect all employees and third parties to comply with these principles in the performance of their services for or on behalf of the HSBC Group.
The Policy prohibits any HSBC Group employee or contract staff from, directly or indirectly, offering, promising or receiving any bribe, financial or other advantage, making any payment, transfer for value, non-monetary benefit of any kind, or other inducement in any form which has the purpose or effect of public or commercial bribery, or acceptance of or acquiescence in bribery, extortion, influence peddling, facilitation payments or other unlawful or improper means of obtaining or retaining any business or commercial advantage or bringing about the improper performance of any person's business or public function or activity.
This prohibition applies also to third parties, who are retained to perform services or conduct business for and on behalf of an HSBC entity or those conducting business together with an HSBC entity (including, but not limited to our agents, representatives, intermediaries, introducers, brokers, contractors, suppliers, consultants and joint venture entities) ("third parties").
Our Policy is summarised below: