​​Anti-Corruption Policy

Objectives

     KASIKORNBANK PUBLIC COMPANY LIMITED (“the Bank”) is committed to conducting business with transparency, integrity and compliance with regulatory requirements as well as good corporate governance practices. Since integrity is key to a sustainable reputation and business prosperity, the Bank has established this Anti-Corruption Policy as an operational guideline.

Duties and Responsibilities

1. The Board of Directors approves the Anti-Corruption Policy and reviews the Policy at least once a year or when significant changes occur, as well as supervising the Bank’s operations
2. The Corporate Governance and Sustainability Committee promotes compliance with the Anti-Corruption Policy.
   
3. The Audit Committee reviews the accuracy of the self-assessment results in accordance with the Anti-Corruption Policy.
4. The Bank and all related parties at every level act in compliance with the Bank’s Anti-Corruption Policy, operational procedures, Statement of Business Conduct and Code of Conduct, including relevant regulatory requirements.

Operational Guidelines and Scope

The Bank places considerable emphasis on anti-corruption as follows:

1. Bribery and Incentives
   It is prohibited to offer or receive any form of bribe, incentives or facilitation payments that may lead to unethical conduct or may ensure that any person will perform an action or accelerate an action under the authority and duties of such person; and it is prohibited to direct anyone else to conduct such an act on one’s behalf.
2. Gifts and Benefits
   It is prohibited to offer or receive any gift or other benefit in exchange for doing, or refraining from doing, one’s duties or doing unethical conduct aimed at gaining personal benefit, or for entering into inappropriate business settlements. Strict compliance with the Code of Conduct is required.
3. Charitable Contributions and Financial Sponsorships
   Charitable contributions and financial sponsorships must be transparent and conform to laws and moral principles.
4. Political Contributions and Activities
   The Bank’s funds shall not be used to make contributions to any political campaign or the activity of any politician or political party, except for contributions that are permitted by law and in support of democracy overall. The Bank’s specific permission is required for such contributions.

Risk Management

     The Bank has put in place risk management systems to avoid unethical conduct aimed at gaining personal benefit to ensure that this risk can be controlled and prevented. Unethical conduct shall be identified, assessed, controlled and monitored, and reported per the Bank’s risk management policies and practices.

Internal Controls

     The Bank has put in place good corporate governance principles and an internal control culture where there are assessments of significant risks, effective control activities and appropriate segregation of duties. An adequate and reliable information system has been put in place, as well as regular monitoring of internal control.

Human Resource Management, Communications and Training

     The Bank focuses on effective human resource recruitment and management, conflicts of interest prevention, and knowledge-based communications for staff and regular training on our Anti-Corruption Policy, as well as on related operational guidelines, to promote genuine understanding towards this policy and compliance with it.

Nomination of State Officials to Hold Positions in the Bank

     The Bank has established a nomination process to select state officials for the positions of the Bank’s directors, executive directors and employees to prevent conflicts of interest. Such persons shall possess the qualifications, as specified by the applicable laws, the criteria of bank-governing authorities, and those of the Bank.

     ‘State Official’ means a person holding a political position, a high-level government official and a local administrator.

Receiving Information or Complaints

     The Bank has provided receiving information or complaint channels for submittal of such information to the Board of Directors. To ensure transparency and fairness, an independent unit shall be responsible for investigating the adequacy and appropriateness of processes as concerns the information that has been received.

Operational Procedures and Manuals

     Related departments shall have the duties to formulate their anti-corruption operational procedures and manuals in compliance with the practices as established by the Bank.

Punishment

     Infringements of, or any failure to comply with, this Anti-Corruption Policy shall be deemed as a breach of the Bank’s directives and/or regulatory statutes, which may result in a disciplinary action as established by the Bank.

Definitions

The definitions for the Anti-Corruption Policy, including related operational procedures and other documents, are as follows:

1. The misuse of official duties for personal gains	​refers to	The misuse of power or official duties, including behavior that violates one’s duties in a manner inconsistent with the position, with the intent to gain any unjust benefit for oneself or others.
2. Bribery	refers to	Any assets or other benefits that are offered, promised, given, accepted, or requested, which influence a decision in a way that induces the individuals to act or refrain from acting contrary to their duties and responsibilities.
3. Gifts	refers to	Any items or benefits of monetary value, including money, assets, gifts, prizes, souvenirs, items that can be used as cash, or things that can be exchanged for goods or services.
4. Receptions	refers to	Expenditures for social gatherings or business receptions, such as meals and beverages, sport events, and other expenses directly related to business activities or business customs.
5. Charitable contributions	refers to	Money or assets donated for the public benefit, without expecting benefits that could be regarded as improper gain.
6. Financial sponsorship	refers to	Money or assets donated for the public benefit, without the expectation of benefits that could be considered as improper gain.
7. Political activities and participation	refers to	Political participation in various forms, including the giving or donating of money, items, gifts, receptions, donations, or other forms of support that can be quantified in monetary value, or indirect assistance
8. Conflict of interest	refers to	An act that results in excessive personal benefits, thereby influencing one's decisions or performance in their official duties, and affecting the public interest.
9. Facilitation payments	refers to	A small payment made to a public official or received from a service user or bank customer, merely to ensure that the person will follow through with the process or to expedite the action

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