Workcapital SA has implemented the Ethical Channel in its activity. The company, specialist in financing through the discount of promissory notes and SME factoring and self-employed, thus demonstrating its commitment to transparency.
When a client or supplier trusts a financial organization, the first thing they expect is that the entire process is as transparent and legal as possible.
With the introduction of the Ethical Channel in Workcapital SA, we offer the framework of guarantees necessary to offer full confidence that the entire process is in accordance with the obligations required by this new tool contemplated in Law 10/2010 on the Prevention of Money Laundering and Financing of terrorism (LPBCFT).
Alliance with complies with norm
In order to guarantee the confidentiality of the personal data of the callers and provide a professional service, Workcapital SA has chosen to hire complies with norm as an independent external expert for channel management.
Reyes Molina, head of the legal department, explains:
Workcapital SA is an obligated subject under current legislation as it is a financial institution, which is why we have opted for the preparation and delivery of training programs on the Prevention of Money Laundering both for the Legal department and for the rest of our staff, forming each of the companions.
Since 2010, the regulations, reached the volume that we are reaching, oblige us to implement models and take measures that foresee the origin of the funds that we use to offer financing; have maximum security that these funds are not of illicit origin, nor are they used for money laundering or come from terrorist financing.
Multiple benefits
And he points out the benefits of the implantation:
"The implementation of the LPBCFT in our company mitigates the risk of our investments, in addition to providing us with benefits such as: improving our reputation, avoiding criminal convictions and administrative sanctions, contributing to the proper functioning of the market, avoiding fraud, guaranteeing compliance regulation within the organization, it is a seal of quality and confidence for our investors, suppliers and customers, it raises the ethical standards of the company and it is one more step in the consolidation plans that we have at Workcapital SA”.
The introduction of this Ethical Channel has meant a formal change but has not affected the daily activity of our staff. Since our debut in the financing market for SMEs and the self-employed, we have always put our principles and values ahead of any operation.
Distinction in Discount of Promissory Notes
Ethics is a fundamental value in the activity that we carry out at Workcapital SA, it is a factor that generates trust that represents a true seal of distinction that our clients and the market value in an extraordinary way.
To ensure this objective, Workcapital's management has approved a Code of Ethics that guides all professionals on what their way of acting should be in situations of difficult ethical management and has an Ethical Channel for communication and reporting possible irregularities committed in the bosom of the company.
guidelines of conduct
The purpose of the Code of Ethics implemented in Workcapital SA is to establish the values and ethical principles that govern the company's actions, as well as the general guidelines of conduct that must be followed, in the performance of their duties, by all its administrators, managers, employees and those other people whose activity is expressly submitted to the Code of Ethics.
Violating the Code of Ethics is considered a serious event that entails consequences for the offender or for those who, being aware, do not report it.
The Ethics Channel is a tool that makes it possible to communicate, in a confidential manner, those potentially irregular activities that may entail a breach of the Code of Ethics or the commission of a crime in the company.
At Workcapital SA we consider the Ethical Channel an opportunity to improve our organization, which allows us to detect behaviors contrary to our ethical principles and resolve possible doubts about unclear or ambiguous situations that may compromise our principles and values.
More information about our Ethical Channel
