Fostering a culture of integrity

We are committed to conducting our business responsibly through fair, transparent and ethical banking practices.

ABOUT OUR ANTI-BRIBERY AND CORRUPTION POLICY

OCBC is committed to uphold the highest ethical standards in all our business dealings and relationships. We adopt a zero-tolerance stance against bribery and corruption, where any form of corrupt payment or gratification involving employees and third parties1 associated with OCBC is prohibited, whether it takes place directly or indirectly. Our Board and Senior Management are committed in its oversight to foster a culture of integrity that upholds it.

OCBC will act in full compliance with all applicable anti-bribery and corruption laws and regulations, including the Singapore Prevention of Corruption Act, UK Bribery Act, US Foreign Corrupt Practices Act and all applicable local anti-bribery and corruption laws of the countries in which we operate.

DELIVERING OUR COMMITMENT IN PRACTICE

Integrity and ethical standards

We expect all our employees to display the highest standard of integrity and ethics and ensure that their personal or business interests (if any) do not conflict, or appear to conflict, with the interests of OCBC, its shareholders and customers.

We expect all our employees to display the highest standard of integrity and ethics and ensure that their personal or business interests (if any) do not conflict, or appear to conflict, with the interests of OCBC, its shareholders and customers.

Fair business practices

We communicate to all third parties performing services or conducting business for, on behalf of, or together with OCBC that we conduct business fairly, ethically, competitively and prohibit bribery and corruption in any form. We are committed to ensure that the selection of service providers and vendors is conducted through fair, transparent and merit-based processes.

We communicate to all third parties performing services or conducting business for, on behalf of, or together with OCBC that we conduct business fairly, ethically, competitively and prohibit bribery and corruption in any form. We are committed to ensure that the selection of service providers and vendors is conducted through fair, transparent and merit-based processes.

Prohibition of bribery

We prohibit receiving, offering, soliciting or authorising anything of value2, directly or indirectly, to secure or be perceived to secure, an improper benefit or advantage of any kind.

We prohibit receiving, offering, soliciting or authorising anything of value2, directly or indirectly, to secure or be perceived to secure, an improper benefit or advantage of any kind.

Careful conduct with public officials

We exercise enhanced care in our dealings with public officials and prohibit offering of anything of value that could influence or be perceived to influence public officials to act (or omit to act) in a way that differs from their proper duties, obligations and standard of conduct.

We exercise enhanced care in our dealings with public officials and prohibit offering of anything of value that could influence or be perceived to influence public officials to act (or omit to act) in a way that differs from their proper duties, obligations and standard of conduct.

No Political Contributions

We do not provide political support or contribution to any political organisation or candidate.

We do not provide political support or contribution to any political organisation or candidate.

No Facilitation Payments

We prohibit any facilitation payment to induce an individual or person to speed up or secure the performance of a routine or administrative duty.

We prohibit any facilitation payment to induce an individual or person to speed up or secure the performance of a routine or administrative duty.

OUR COMPLIANCE PROGRAMME
OCBC has established a robust anti-bribery and corruption compliance programme which includes the following control measures to mitigate bribery and corruption risks:

Code of conduct and due diligence

Our anti-bribery and corruption policy and Code of Conduct apply to all OCBC employees. We conduct due diligence screening and background checks on employees, vendors, third parties’ engagement, charitable partners and target entities in joint venture, strategic partnership or acquisition of business.

Our anti-bribery and corruption policy and Code of Conduct apply to all OCBC employees. We conduct due diligence screening and background checks on employees, vendors, third parties’ engagement, charitable partners and target entities in joint venture, strategic partnership or acquisition of business.

Disclosure and authorisation

Employees are required to declare the receipt or offer of gifts and entertainment in accordance with OCBC’s disclosure requirement and appropriate level of authorisation.

Employees are required to declare the receipt or offer of gifts and entertainment in accordance with OCBC’s disclosure requirement and appropriate level of authorisation.

Transparent record-keeping

We ensure adequate and transparent record-keeping in accordance with general accounting principles and supported by legitimate documentation.

We ensure adequate and transparent record-keeping in accordance with general accounting principles and supported by legitimate documentation.

A robust whistleblowing programme

OCBC offers a whistleblowing programme and channel for reporting of suspected concerns or potential misconducts.

OCBC offers a whistleblowing programme and channel for reporting of suspected concerns or potential misconducts.

Ethical contributions and sponsorships

Corporate contributions and donations are made to approved charity partners with good governance and ethical standards. Business sponsorships are made in good faith without expectation of business advantage in return.

Corporate contributions and donations are made to approved charity partners with good governance and ethical standards. Business sponsorships are made in good faith without expectation of business advantage in return.

Mandatory training and risk assessment

We provide mandatory and periodic anti-bribery and corruption training for all employees. We also conduct periodic bribery and corruption risk assessment to identify, assess and mitigate any potential vulnerabilities.

We provide mandatory and periodic anti-bribery and corruption training for all employees. We also conduct periodic bribery and corruption risk assessment to identify, assess and mitigate any potential vulnerabilities.

CONSEQUENCE OF NON-COMPLIANCE

Employees who fail to comply with any applicable anti-bribery and corruption laws, OCBC policies or our Code of Conduct, will be subject to disciplinary actions, which may include termination of employment.

Third parties found to engage in bribery and corruption, or to have failed to comply with the relevant anti-bribery and corruption laws will result in serious consequence, including termination of business contract and reporting to the relevant authorities.

1Third parties include agents, representatives, intermediaries, introducers, brokers, contractors, vendors, suppliers, service providers etc.
2Anything of value extends beyond cash or cash equivalents and could include improper gifts, entertainment, travel, political contributions, charitable donations, sponsorships and employment opportunities for clients, public officials and any associated persons.

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