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Liberty Holdings

Combating fraud and corruption

Our approach

The financial services sector remains vulnerable to threats posed by fraud and corruption. At Liberty, we are mindful of these risks and have a dedicated group forensic services unit working to prevent, detect, investigate and remediate instances of possible fraud and corruption. Group Forensic Services consists of highly trained specialists who use forensic data analytics technologies to prevent financial crime, fraud and corruption.

Liberty is a member of the Association of Certified Fraud Examiners (ACFE), an international body providing best practice anti-fraud training and guidelines, as well as a member of the Association for Savings and Investment South Africa (ASISA) forensic standing committee, an industry initiative aimed at combating fraud.

Our financial crime risk policy articulates the group’s principles for preventing, monitoring and reporting fraud, corruption and any other related irregularities. The policy also establishes accountability and applies to all employees, contractors, vendors and financial advisers. Non-compliance may lead to disciplinary action or other measures including criminal and civil proceedings. All investigations and actions are pursued without regard to the suspected perpetrator’s length of service, position or relationship to Liberty.

Liberty’s employees and contractors are encouraged to report suspected cases of fraud and corruption in writing to a dedicated internal email address, an online fraud reporting mechanism via the local intranet and the Liberty cell phone application for employees. An independent hotline managed by KPMG Inc. enables employees, customers or members of the public to anonymously report fraud in line with the requirements of the Protected Disclosures Act.

Liberty fraud, theft and ethics hotlines:

Provide responsible financial services

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