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BAMC obtains highest-level international anti-corruption certificate

Ljubljana, 19th November 2017 - In 2015, DUTB was awarded the Anti-corruption Compliance Program Certificate by the internationally renowned agency ETHIC Intelligence. In November of this year, after a months' long review performed by the same agency, DUTB was awarded the highest-tier Anti-corruption Compliance System Certificate. DUTB is the only Slovenian company to have been received the certificate, which is awarded exclusively to companies with the utmost level of business integrity, transparency and conflicts of interests prevention across all levels of the company's operations.


ETHIC Intelligence awarded the aforementioned certificate after conducted a detailed review of DUTB operations and performed a detailed analysis of the implementation of its overall program of zero tolerance to corruption. The program was designed so as to comply with the rules regulating the operations of DUTB, tailored for suitable corruption risk management and in following with best international practices. This is a system certificate which provides additional assurance that DUTB's anti-corruption program addresses all potential risks and that it is being properly observed within the organization.

For BAMC, the Anti-corruption Compliance System Certificate represents confirmation of its consistent implementation of its strategy, which meets the highest standards of ethical conduct and integrity, as well as recognition that the company is performing its tasks well and in line with professional standards and best practices in the field. 

Upon accepting the certificate, Dr. Imre Balogh said: "In DUTB we are very pleased that the international agency ETHIC Intelligence once again recognized our dedication to upgrading our systems, processes and policies with a zero tolerance approach to corruption, and awarded us this certificate at the highest level. This year, DUTB re-evaluated its compliance program and ensured that it is in line with anti-corruption risk management best practices, and that it follows the highest international standards. We took and continue to take series of measures to ensure that all DUTB employees observe the principles of business integrity, recognize conflicts of interest and properly manage corruption risks. This was now confirmed by an independent international professional organization. As an effective knowledge center in the field of NPL management and corporate restructuring, DUTB will continue implementation of this program in future, as well."


About ETHIC Intelligence


The ETHIC Intelligence agency, founded by Philippe Montigny, former member of the Office of the Secretary-General of the OECD, has been reviewing, advising and issuing compliance and anti-corruption certificates since 2006, and is held in high regard internationally. The organization is recognized for its in-depth on-site reviews, structured and transparent evaluation programs, a solid conflicts of interest prevention system, and the certification decisions are made by a committee of respected international experts in corruption risk management. The certification process involves a varied range of activities, based on which the Agency decides whether the company under review meets the requirements for certification. Organizations allowed to apply for the certificate are required to meet strict international standards, which includes a recommendation from the international institutions such as OECD, World Bank, ICC (International Chamber of Commerce) and others.