Amsterdam - Atradius DSB tightens anti-bribery policy in collaboration with government after review.
Following the policy evaluation of the anti-bribery policy and after consultation, Atradius DSB is implementing new policies together with the state to combat bribery and corruption. From 1 May 2024, all new applications under export credit insurance (ekv), Dutch Good Growth Fund (DGGF) and the Dutch Trade and Investment Fund (DTIF) will be processed according to the new policy.
The main changes compared to the current policy are:
- Anti-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 organisational chart down to the Ultimate Beneficiary Owners (UBO) will be requested1 for at least the applicant/insured and the buyer/debtor. Furthermore, for the buyer/debtor, proof of registration (proof of registration) in the local Chamber of Commerce will also be requested.
- Risk monitoring: Atradius DSB will conduct monitoring when renewing a cover commitment or cover 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 for when an EDD is triggered are now described.
New Anti-Bribery Policy
The new anti-bribery policy is available for download below and available on the product pages.
Anti-bribery policy in Dutch
Anti-bribery policy in English
Questions or more information
For more information or questions contact your case handler or email dsb.compliance@atradius.com.
[1] Not applicable for the products: stand-alone guarantee cover, the stand-alone counter guarantee or the Fair Calling Facility.
