Atradius DSB tightens anti-bribery policy

Following the evaluation of the anti-bribery policy and after consultation, Atradius DSB, together with the state, is implementing new policies to combat bribery and corruption. From May 1, 2024, all new applications under export credit insurance (eci), the Dutch Good Growth Fund (DGGF) and the Dutch Trade and Investment Fund (DTIF) will be processed under the new policy.

Assessment leads to tightening anti-bribery policy:

• Bribery and corruption risk assessment: Atradius DSB assesses bribery and corruption risk using seven risk categories and risk indicators.
• Expansion of required standard documentation: An organizational chart down to the Ultimate Beneficiary Owners (UBO) will be requested at least [1] for the applicant/insured and the buyer/debtor. Furthermore, a certificate of registration with the local Chamber of Commerce will also be requested for the buyer/debtor.
• Risk monitoring: Atradius DSB will conduct monitoring when renewing a coverage commitment or coverage advice in order to identify and assess potential changes to the risk of bribery and corruption.
• Risk classification: Atradius DSB classifies applications as normal, high or unacceptable risk in accordance with policy.
• Governance Atradius DSB: The enhanced due diligence procedure (EDD) has been clarified. The criteria when an EDD should take place are now described.

New Anti-Bribery Policy

The new anti-bribery policy is available here and can be found under downloads.

Questions or more information

For more information or questions contact your case handler or email dsb.compliance@atradius.com.

[1] Not applicable with the products: stand-alone warranty coverage, the stand-alone counter warranty or the Fair Calling Facility.