19. Money Laudering Prevention
Money laundering is a process by which criminals conceal the real source of proceeds from illegal practices. The goal is to turn “dirty money”, which came from criminal activity, into “clean money.” Money laundering directly funds the activities of criminal and terrorist groups. These groups are a risk to Hyundai and its employees as they may pose as a business partner that actually provides services as a form of money laundering. This can cause serious damage to the company’s reputation as well as other legal risks that should be avoided.
Hyundai repudiates money laundering and the financing of criminal activities and its employees should take the necessary precautions not to do business with partners (ex: service providers, suppliers and dealers) who may be practicing these activities.
In addition to a Money Laundering Prevention Policy and Combating the Financing of Terrorism, Hyundai has procedures, which must be observed by all employees in order to get to know the people and companies (1) with which Hyundai has or will have business (“Know your Supplier/Partner”); and (2) to which Hyundai sells its products and services (“Know your Client “) in order to reduce the risks of establishing business relationships with third parties involved in illegal activities.
Situations that require attention:
Requests for payment or receipt from third parties/customers in cash;
Requests for payment to or receipt from third parties without contractual provision;
Request for payment on accounts that are not the usual ones or in name of third parties;
Request for payment on accounts located in countries where the partner is not located;
Business relationships with politically exposed persons;
Incompatibility between the economic-financial capacity of the third party/client and the operation associated with them.
When verifying a situation that is unusual and that may indicate the practice of suspicious activities, the members of Hyundai should immediately communicate their manager and the Ethics and Compliance team.
In Pratice:
Allowed:
Be compliant with Hyundai´s anti-money laundering policies and procedures;
Keep a proper record of customers and business transactions;
Be aware of the risk of Hyundai being used for money laundering;
Report any concerns you have to your manager and the Ethics and Compliance Team;
Confirm the source of any values received whenever you suspect that they may not be from a legitimate source;
Be aware of any requests that seem unusual, for example, requests to make payments to unknown bank accounts or to third parties.
Not Allowed:
Don’t ignore your worries. It is better to investigate them and confirm that it’s okay to act as if your worries don’t exist.
Do not make payments to unknown companies/persons or accounts bank accounts without first confirming the reason for making payments.
Do not accept payments from unknown sources without confirming the reason for payment and, if possible, the origin of the amounts.
Do not proceed with commercial transactions if the proper issuance of a note Supervisor. If any suspicious circumstances arise, please contact with the Ethics and Compliance team and the Legal department to clarify and analyze the situation and the risks involved.
Prezada Família Hyundai,
Nossas ações, individuais e coletivas, são cruciais para que a Hyundai mantenha sua excelência e compromisso em produzir os melhores veículos, oferecer as mais modernas soluções em mobilidade e prover o melhor atendimento aos nossos clientes.
Para abraçar e reforçar este compromisso, criamos a mentalidade de UM SÓ TIME, UMA SÓ VOZ, em que todos são responsáveis pelos resultados da empresa, não só em termos de lucratividade,mas de valores éticos e de integridade, visando a longevidade e a prosperidade da presença da Hyundai nos mercados do Brasil e das Américas Central e do Sul.
E é com este espírito de UM SÓ TIME, UMA SÓ VOZ, que tenho a satisfação de apresentar a nova versão do nosso Código de Ética e Conduta da HMCSA, um dos principais pilares que sustenta nosso Programa de Ética e Compliance.
Todos nós, colaboradores, concessionárias, fornecedores, prestadores de serviço e demais parceiros de negócios da Hyundai, temos que estar fortemente comprometidos em seguir os princípios deste Código de Ética e Conduta e usá-lo como guia para as nossas ações e decisões em nome e em benefício de nossa empresa e da marca Hyundai
Contamos com a colaboração de cada um de vocês para juntos, como um único time e com uma única voz, agirmos em unidade para alcançarmos nossos objetivos, sempre seguindo os mais elevados padrões de ética e integridade!
Obrigado
