Prevention of ML/TF/FPWMD risks

Colombia Telecommunications S.A. E.S.P. BIC has a risk prevention system for Money Laundering (ML), Financing of Terrorism (FT) and Proliferation of Weapons of Mass Destruction (PADM), harmonized with the requirements and good practices established by the administrative authorities.

This system seeks to prevent, detect and respond effectively to ML/FT/PADM risks, with the purpose of preventing the organization from engaging or being used as a vehicle for carrying out said activities.

For this purpose, the organization has a set of policies, procedures and processes that are managed by the Compliance Department and that are built from a risk-based approach.