INFORMATION On results of internal analysis of corruption risks in “Fund of Problem Loans” JSC as of 20th of June, 2023

According to paragraph 26 of the Model rules for conducting internal audit of corruption risks, approved by the order of the Chairman of the Agency of the Republic of Kazakhstan on public services and combating corruption, dated October 19, 2016, No 12

In accordance with the order of the Chairman of the Board of the “Fund of Problem Loans” JSC (hereinafter – the Fund) No 151, dated November 14, 2022, “On internal analysis of corruption risks” an internal analysis aimed at identifying corruption risks was conducted in the Fund.

According to the results of analysis, it was established that a potential corruption risk for the Fund, as management entity, lies in damage to the Fund’s interests due to abuse of powers by Fund’s employees during interaction with individuals and legal entities by embezzlement of material values.

Pursuant to recommendations of the Working Group for combating corruption and conducting internal analysis of corruption risks, the Fund has been conducting monitoring the availability of full material liability agreements, timely reporting and delineation of authority between employees in accordance with the Action Plan for eliminating causes and conditions promoting corruption crimes, identified as a result of internal analysis of corruption risks.

As a result of this work, a list of positions occupied by Fund’s employees with which full material liability agreements were concluded was approved by Order of the Chairman of the Board of the Fund No 67 dated 27th of March, 2023, as well as the Fund’s materially responsible persons were identified.

Besides, a continuous monitoring of delineation of authorities between the Fund’s employees is carried out, followed by relevant recommendations to the management.

Compliance Service