The HSBC Group has in place a Group Business Policy and Principles for Countering Bribery (the "BPPs") designed to prevent the occurrence of bribery. The HSBC Group has a zero tolerance policy with respect to the giving or receiving of bribes, including the making of facilitation 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 BPPs prohibit any HSBC Group employee or contract staff from, directly or indirectly, offering, promising or receiving any bribe, financial or other advantage, making any payment or transfer for value, 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, 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 BPPs are summarised below: