On November 25, 2009 Law 20,393 was issued and entered into effect on December 2, 2009. The law establishes the responsibility of legal persons regarding crimes in the areas of bribery, terrorism financing and money laundering.
The Crime Prevention Policy put into effect by Laboratorios Saval S.A. includes a model for organization, administration and supervision of potential crimes in the areas of bribery, terrorism financing and money laundering in order to prevent, investigate and eventually punish commitment of the crimes of bribery, terrorism financing and money laundering in order to meet the requirements of Law 20,393.
This policy’s provisions extend to and are obligatory for every person who works, lends services to or interacts with a third party in the name of Laboratorios Saval S.A., whatever title or legal entity they be might working under, both within the Republic of Chile and abroad. Everything referred to in this policy is to be directly applied to Laboratorios Saval S.A., notwithstanding extension to that which is relevant to its affiliates, and any modifications which may be subjected to be properly implemented by the various legal persons that make up the Grupo Saval.
A Compliance Officer has been designated within the Company who is in charge of implementing and adapting the model for administering, supervising and monitoring that which this prevention program encompasses. This prevention system consists of a series of internal controls and procedures aimed at avoiding commitment of the crimes of bribery, terrorism financing and money laundering.
Any person who, under any title, lends services or acts in the name of the company – direct employees, indirect employees, collaborators, or those lending services with an invoice – must be informed of the Crime Prevention Policy for bribery, terrorism financing and money laundering. A training plan has been implemented to Laboratorios Saval S.A. employees which defines the crimes included in this law and outlines the crime prevention model and policy established by the Company.
All employees, workers, collaborators and service lenders are obligated to report those acts of which they have become aware that constitute an infraction of the regulations outlined by this program. The claim should be directed through the channels established by the Company in the quickest possible way.