“Fund for Problem Loans” JSC (hereinafter – the Fund) fights corruption on a systematic basis according to approved work plan, consisting of sections “Main, continuously planned measures for preventing compliance (corruption) risks” and measures, planned on a quarterly basis.

Measures for preventing compliance (corruption) risks and anticorruption monitoring were implemented in accordance with the Plan.

Individual issues of Fund’s activity were studied in quarterly breakdown for signs of regulatory (corruption) risks. Relevant recommendations were made to structural units,Management Board of the Fund, according to results of the study.

Information report on measures taken to prevent corruption and results of monitoring compliance risks in “Fund for Problem Loans” JSC was provided to the Boardof Director on a quarterly basis and according to the results of the year.

Activities were conducted in accordance Policy for Compliance Control (Anti-corruption compliance) and managing complilance risks in “Fund for Problem Loans” JSC to ensure combating corruption and forming anti-corruption culture.

Analysis of all the acting statutory and regulatory enactments, internal regulatory documents and business-processes of the Fund was carried out in the period from November 15, 2022, to December 15, 2022 in accordance with te requirement of the Law of the Republic of Kazakhstan “On combating corruption”, order of the Chairmant of the Management Board of the Fund No 151, dated November 14, 2022 “On conducting internal analysis of corruption risks”.

According to analysis results, the possible corruption risk of the fund as business management entity lies in the damage to the Fund’s reputation due to abuse of powers by the Fund’s employees at interaction with individuals and legal entities by appropriation (stealing), embezzlement of money and other material values.

Plan for removing roots and causes, which facilitate corruption crimes, identified during internal analysis of corruption risks was approved.

Pursuant to the relevant recommendations of Internal Analysis Taskforce, the Fund will monitor presence of full financial liability agreement, timely reporting and delineatin of liabilities between employees in accordance with Plan for removing roots and causes, which facilitate corruption crimes, identified during internal analysis of corruption risks.

Corruption risk events did not occur in reporting period as a result of measures taken.

In accordance with recommendations of the Board of Directors, Compliance service constantly supervises and analyses the process of property inventory and posting it for auctions at the Fund’s website and other electronic trading platforms. Authorized business units constantly work to ensure transparency in this sphere.

Corruption risk events did not occur in reporting period as a result of measures taken.

Compliance service