CODE OF BUSINESS
CONDUCT
At PSS we are committed to be your reliable, long-term investment partner.
We follow all relevant legislation, directives and market standards that govern the operation of financial institutions. We are also committed to maintaining the highest value of integrity, fairness and ethos all the time. Upon this foundation, we build our trust with our clients, from small business owners to corporate stakeholders.
At PSS, compliance is not only about following the law; it is an integral part of the culture and foundation of the company. We focus our compliance activities on preventing money laundering, terrorist financing, fraud, corruption and any other criminal offences pertaining to the transfer of funds. We are always looking for new ways to enhance our compliance and risk management while keeping up with all national and international laws.
Although money laundering and funding terrorism may sound like the same thing, they are different. Money laundering takes place when funds from criminal activities are put into the financial system to be ‘cleaned’, a process that makes them appear to have come from legitimate sources of income. In the case of terrorist financing, money from normal entities is sent to help fund terrorist attacks. At PSS, we work to prevent both money laundering and financing of terrorist activities, as both play a vital role in combatting international terrorism. We use the Know-Your-Customer (‘KYC’) programme to identify and document the identity of our clients. You can rest assured your information and identity are protected, while still benefiting from a high level of transparency, thanks to the KYC programme.
At PSS, we take widespread precautions to ensure our clients and employees do not become the victim or unwilling participant of a fraudulent act. We protect our products and processes against misuse and advocate for preventative, anti-fraud measures in all areas of business. We have widespread measures in place to prevent, uncover and respond to white-collar crime. Our main goal of compliance is as follows: we want to protect your wealth. We make it one of our main priorities to combat all attempts at white-collar crime, regardless of who is involved. There is zero-tolerance for any fraudulent or criminal activities.
Compliance helps us to guarantee and follow all relevant financial and economic sanctions, along with all regulatory requirements. At PSS, we use compliance to enact guidelines and instructions, inform our divisions and subsidiaries of sanction-related restrictions, and advise on how to implement and monitor these restrictions. Should PSS have business relationships with other countries affected by sanctions, these relationships are closely monitored and additional measures, up to termination of the partnership, are put in place.
PSS is active in a variety of global industries, and sometimes conflict of interests can occur, especially when our business interests clash with those of our clients or suppliers. To avoid potential disagreements, we utilize a Conflict-of-Interest (‘COI’) tool to identify situations where a conflict-of-interest might arise. The COI tool provides a standard way to approach and document these situations, making COI-based decisions transparent and easy to understand.
Corruption can come in many forms and take place across all areas of a business, which is why Sparkasse Group puts an emphasis on preventing and fighting corruption. Anti-corruption compliance programme at PSS teaches our employees and business partners how to thwart fraudulent and/or corrupt activities including: fraud, embezzlement, breach of trust, cartelisation and money-laundering.
THINGS ARE DIFFERENT NOW
PSS’ reputation and the commitment it shows to its customers through its services and business decisions are the best way to judge its financial integrity. Hence, sustaining the security of your money is a top priority of PSS.
THINGS ARE DIFFERENT NOW
PSS’ reputation and the commitment it shows to its customers through its services and business decisions are the best way to judge its financial integrity. Hence, sustaining the security of your money is a top priority of PSS.
get in touch
- Call, email 24/7 or visit a branch
- + 47 80 02 48 83
- helpdesk@pssinvest.com
Be sure to make appointment before you visit our branch for online trading service as not all branches have a financial service specialist.