This article first appeared in El Mercurio on April 10, 2016.
To legitimize the corporate integrity and high ethical standards of its operational and business processes, Caja de Compensación La Araucana certified its Crime Prevention Model (MPD), as established in Law 20.393 on criminal liability of legal entities, for the crimes of money laundering, financing of terrorism and bribery of national and foreign public officials.
La Araucana submitted this model to a validation process carried out by the consulting firm BH Compliance, recognized by the Superintendency of Securities and Insurances (SVS) and first in market share.
This certification represents for Caja de Compensación La Araucana a concrete step that demonstrates its concern for transparency and continuous improvement of internal processes and controls.