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KAZ Minerals' reputation and the trust and confidence of those with whom it deals and with the communities in which it operates are amongst its most vital assets.
The Group has in place an ABC Compliance Programme (the 'Programme') to assist in the prevention of unlawful activities by individuals or Group entities. Although the Group is now held by a company located in the UAE, we continue to model the Programme on principles set out in the UK Bribery Act 2010, due to it being recognised as one of the most robust and comprehensive ABC laws in the world. The Group has a firm stance on bribery and corruption and attaches the utmost importance to the Programme in clarifying the standards expected of all employees of the Group, wherever it conducts business.
The foundation of the Programme is the ABC Code, of which there is a subset of policies which provide a process for operating in accordance with the Programme in specific situations. Regular training in ABC and awareness campaigns are carried out across the Group. Monitoring and assurance of processes is carried out by Internal Audit and by external advisors. ABC clauses are also included in our contracts with the Group's business partners.
The Group undertakes due diligence on potential suppliers, customers, consultants, agents, distributors and other business partners to check they are suitable to do business with, are reputable, ethical and do not commit or engage in any form of bribery or corruption. New business partners complete an ABC questionnaire in which they need to include at least two business referees amongst other information. If the Group has a continued relationship with a business partner, the questionnaire is updated periodically.
During 2024, new employees received induction training and existing employees received their annual ABC refresher training.
Download The Group Anti-Bribery and Corruption Code