1.1. NextStream and its legal entities (the “Group”) are committed to conducting business in accordance with the highest ethical standards. We believe this is essential to fulfilling our comprehensive mission of supporting our customers in their digital transformation.
1.2. This Policy sets out the standards of conduct and professionalism that apply to all employees, officers and directors (Employees and Executives, Directors and Third Parties (collectively, “Subject Persons”) in relation to applicable global anti-bribery and corruption laws and regulations. It is our Management’s responsibility to make this Policy available and communicate it appropriately to all Subject Persons (Tone at the Top);
1.3. The Group has a zero-tolerance approach to bribery and corruption. This Policy prohibits all Subject Persons from offering, paying, giving, promising to pay or giving, soliciting, accepting, or authorizing a payment or gift of anything of value to any representative or agent of a public or private body (including Government Officials), in direct or indirect consideration, regardless of their position or position, or for the purpose of influencing or rewarding counterparty acceptance, obtain an undue advantage from or from such person in violation of laws and regulations, including, without limitation, executing, refraining from executing or failing to perform any action within the authorities or powers of such person.
1.4. Subject Persons applying this policy must always be aware of and comply with applicable local laws and regulations, which shall prevail in the event of a conflict with any internal Group policies/rules/codes, unless the latter are more stringent. We will comply with all relevant anti-bribery and anti-corruption laws in all jurisdictions in which we operate, including Brazil, Mexico, Peru, Chile, Argentina, the United States of America and Spain and, specifically, the provisions of the UK Bribery Act 2010 (the “Bribery Act”), the United States Foreign Corrupt Practices Act (FCPA), of the Brazilian Federal Law No. 12.846/2013, of the Chilean Law No. 20.393 or Corporate Law (Anti-Corruption Law), the General Law of Administrative Responsibilities of Mexico, the Code of the Mexican Federal Law of Criminal Liability and the National Code of Criminal Procedure, the Argentine Anti-Corruption Law No. 27.401 and the Argentine Criminal Code (collectively, the “Anti-Bribery Legislation”, each as amended from time to time) and we will act in accordance with the principles set out in the United Nations Convention against Corruption and the OECD Convention on Combating Corruption of Foreign Public Officials in International Business Transactions, in relation to our conduct both at home and abroad.
1.4.1. In any event, any internal policy or procedure, internal instruction, request, custom, customary practice, past cases, industry and market behavior, actions or omissions of public officials, cultural or other similar aspects cannot be justification for ignoring or failing to comply with this policy or applicable local laws and regulations.
1.5. Failure to comply with this Policy may result in disciplinary action, including dismissal or termination of the contract. Potentially severe penalties and other consequences may apply to the Group and Subject Persons if anti-bribery laws are violated, including prison sentences (custody) and/or severe financial penalties.
1.6. Explanations of the terms used in this Policy are provided in Annex A.
2.1. Subject Persons acting on behalf of or representing the Group must never, directly or indirect, offer, promise, pay, give, solicit, agree to receive, accept or authorize any payment, gift or other object of value that is intended to induce or persuade any person to grant improper benefits or take actions that violate law or duty, or that violate this Policy.
2.2. Subject Persons acting on behalf of or representing the Group shall never offer, promise, pay, give, or authorize (directly or indirectly) any payment or gift of anything of value to a Public Official (directly or indirectly), a representative of a political party, or a private sector entity or individual, in consideration of his office or position or to influence that person for any reason, to perform, refrain from doing or failing to perform any action within his authorities or powers, including, without limitation, to obtain or retain business, obtain a business advantage or avoid a disadvantage, or as an inducement or reward for breaching a duty of good faith, failing to act impartially or violating a duty of confidence. Any of the above actions are considered a violation of this policy, regardless of whether the end result has been achieved.
2.3. Examples of bribery and corruption include:
2.4. The above list is not exhaustive, and any of these situations must be analyzed in the context and the particular situation in which the Group and the Subject Persons are involved.
2.5. Subject Persons acting on behalf of or on behalf of the Group must not, directly or indirectly, make Facilitation Payments. Exemples include:
2.6. Facilitation Payments do not include fees, expenses, or documented legitimate obligations paid to government entities, such as license application fees paid to the City Council.
2.7. If a Public Official requests a Facilitation Payment, you must politely decline it and explain that the Class is not involved in such payments. The payment request must be immediately communicated to your direct manager and the Chief Compliance Officer or his representative, and you can also register via the BeCompliance (https://nextstream.becompliance.com) portal.
2.8. All employees and Subject Persons must avoid any activity that may lead to or suggest that an unlawful commission will be made or accepted by the Group
3.1. Occasional gifts and hospitality are an accepted and acceptable means of helping to establish and develop business relationships and enhance the Group’s professional image in the business community in which it operates.
3.2. However, Subject Persons acting on behalf of or representing the Group must never offer, promise, give, solicit, agree to receive, accept or authorize gifts and hospitality (directly or indirectly) that may improperly influence or appear to influence business decisions, induce the recipient to perform their duties improperly or influence Public Officials in connection with the award of business or approvals.
3.3. Gifts and hospitality must always be maintained at reasonable and proportionate levels, both in terms of value and frequency, respecting the exceptions to this policy and the individual and country-specific rules.
When considering whether a gift or hospitality is appropriate, you should consider the following factors:
3.4. The gift or hospitality should not be intended to influence the recipient’s objectivity to retain or obtain business, i.e., there should be no expectation of something in return. In the case of hospitality, there must be substantial business-related discussions during or around the event.
3.5. The timing of the gift or hospitality must not coincide with periods when suppliers or customers (private entities) are involved in tenders or contract negotiations with the Group.
3.6. Gifts or hospitality must not be offered, promised, given, solicited, or accepted from the same organization or individual on a regular basis (which could give rise to an actual or perceived cumulative effect of inducing the recipient to act improperly).
3.7. Gifts or hospitality are given openly and not in secret, and are duly recorded in the Group’s books and records, via the BeCompliance portal or in the forms provided in Appendix B.
3.8. The gift must not be in money or equivalent, such as checks, gold coins, gift cards, or cryptocurrencies
3.9. Pre-approval must be obtained from the Group’s Chief Compliance Officer by:
3.10. When it is necessary to refuse a gift or offer of hospitality, do so carefully and sensitively to avoid offending the individual or organization that is offering the gift or hospitality.
3.11. This Policy is not intended to prohibit the following practices, provided that they are permitted by local law and are in accordance with the guidelines set forth in this Section 3:
4.1. Sometimes, donations can be used as cover for acts of corruption. Therefore, donations made by the Group, to charitable organizations or causes or related to Actis funds, on behalf of the Group or in connection with the Group in any respect, require prior approval from the Group’s Chief Compliance Officer. Any such approval must be documented prior to the making of the donation by the Group Chief Compliance Officer (or other officer authorized by the Group Chief Compliance Officer).
4.2. To make donations, the Group must observe the following requirements:
4.3. Donations to political campaigns, political parties, party officials, political candidates or international public organisations with funds from the Group, on behalf of the Group or in connection with the Group in any respect, whether directly or indirectly, including through Third Parties, are prohibited.
5.1. Employees and Third Parties: – Subject Persons acting on behalf of or on behalf of the Group or who maintain a business relationship with the Group are prohibited from the following conduct:
5.2. Any request or situation that configures the above conducts must be immediately communicated to the Group’s Chief Compliance Officer or registered through the available reporting channels, in accordance with Section 8 of this Policy.
6.1. In accordance with many anti-bribery and anti-corruption laws, the Group is liable for illegal payments made by organizations or individuals who provide services, directly or indirectly, with their intervention or on their behalf, interest or benefit. Third Parties who have any interaction with Public Officials, government agencies or state entities present a higher level of risk in this regard.
6.2. For this reason, before engaging a Third Party to provide services on behalf of, in the interest or benefit of the Group, or with the intervention of the Group, it is necessary to:
6.3. When an existing or potential relationship with a Third Party or with a Public Official presents a red flag, the person must inform their manager, inform their manager or register directly through the BeCompliance portal. Your manager must send a report to the Group Chief Compliance Officer, within 48 hours, detailing the unusual or suspicious behavior or activity.
6.4. The Group Chief Compliance Officer will analyze all such reports and will respond, within a reasonable time, not exceeding 3 (three) business days, to the relevant Employee (and their manager, if applicable) with guidance on the measures to be taken and whether the relationship can be continued or continued.
6.5. The Chief Compliance Officer will consult with outside legal counsel, as necessary, to decide on the most appropriate course of action, in accordance with the requirements and intent of this Policy. This may involve the initiation of investigations.
6.6. It is the responsibility of the Employee and his/her manager to provide updates to the Chief Compliance Officer when new information becomes known about the reported red flag, such as the involvement of other parties. The Chief Compliance Officer may modify or revoke a previous recommendation in connection with a transaction or business relationship based on the updated information.
6.7. Individuals in managerial roles in each of the Group’s business units who manage, engage or supervise Third Parties are responsible for:
7.1. The Group’s policy for making and maintaining books, records and accounts that accurately reflect all payments, gifts, expenses and transactions is defined in the Group’s Code of Conduct. In addition, the essential principles applicable within the scope of this Policy are described in the items below.
7.2. All Subject Persons are responsible for fully and accurately recording expenses and payments to third parties, so that the commercial purpose, value and recipient are clear, and registration must be made in a timely manner and, preferably, before or at the time of making the expense or payment
7.3. All records, documents and evidence relating to payments, gifts, expenses and transactions must be kept by the Group for the minimum period required by applicable local law in each jurisdiction, and never for less than 5 (five) years.
7.4. The registration of gifts, hospitalities, and interactions with the Public Power must be done through the BeCompliance portal or the forms provided in Annex B, as applicable.
7.5. Additional financial controls, including approval limits, segregation of duties and specific approvals for certain categories of expenditure, are defined in the Group’s financial policies and Code of Conduct, and must be observed in conjunction with this Policy
8.1. A conflict of interest can occur when a Subject Person’s particular interests affect — or have the potential to affect — decisions made by that Subject in the exercise of his or her duties. It can be difficult to make decisions impartially when this occurs. A possible consequence is that your particular interests may harm or adversely affect the interests of the Group.
8.2. Conflicts of interest can have a number of negative impacts on the Group. They can lead to unfair treatment of current and potential employees, suppliers, and other business partners. Other effects include paying higher prices, receiving substandard goods or services, and suffering reputational damage. If a conflict of interest is not managed, it can evolve into a form of corruption, which can result in severe penalties for the Subject Person and for the Group. Some conflicts of interest cannot be managed and should be avoided entirely. Examples of situations that may constitute conflicts of interest include: participation in hiring decisions involving family members or close people; investments in competitors or suppliers of the Group; receipt of gifts or benefits from parties with whom the Group has a business relationship; and the exercise of external activities that compete with the interests of the Group.”
8.3. Subject Persons must act in the best interests of the Group, avoiding real or perceived conflicts of interest. It should be noted that, even in the absence of an actual or potential conflict, the mere perception of conflict can be equally harmful. A perceived conflict of interest can compromise the reputation of the Subject Person and the Group in the same way as an actual conflict. Therefore, all Subject Persons must:
8.4. Disclose any potential or existing conflicts of interest to the Compliance department, through the BeCompliance portal, using the Conflict of Interest Declaration Form available on the platform, so that they can be managed in order to protect. so that they can be managed, in order to protect the Subject Person and the Group. Disclosure should be made immediately upon identification of the potential or existing conflict situation, by email to the Chief Compliance Officer, the line manager — who should forward it to the Chief Compliance Officer — or to the legal department, or also via the BeCompliance portal, accompanied by all relevant documentation and information.
8.5. Subject Persons in higher-risk functions — as defined by the Chief Compliance Officer — must annually complete the Conflict of Interest Declaration Form available on the BeCompliance (https://nextstream.becompliance.com/compliance/login) portal, confirming the absence of conflicts or disclosing existing situations for management by the Compliance Department. Refrain from acting until discussing with the Compliance Department how to manage the conflict of interest and, if necessary, withdraw from the decision-making process.
8.6. Seek guidance from the manager or the Compliance Department in case of doubt about the existence or management of a conflict of interest.
9.1. It is the general responsibility of Subject Persons to report potential and actual compliance violations committed by any Subject Person. All Subject Persons are required to communicate any anti-bribery compliance concerns to their manager, the Group Chief Compliance Officer or the Group Employee Relations Manager (as applicable).
9.2. The Group makes available a dedicated Whistleblowing Channel, through which any Subject Person can report concerns confidentially and, if desired, anonymously. The Whistleblowing Channel is available at: https://nextstream.becompliance.com/canal-etica/canal-denuncias or by email compliance@nextstream.com, for internal and external access.
9.3. The Group’s Chief Compliance Officer will investigate all substantiated allegations of suspected bribery, corruption, other misconduct or integrity issues and will liaise with local and Group management, as appropriate. The investigation may be conducted directly by the Director of Compliance or delegated to a specialized external team, guaranteeing the impartiality of the process. Recommended actions will be taken in light of the outcome of the investigation, including sanctions and disciplinary measures, where appropriate, and consideration of whether the relevant authorities should be informed.
9.4. Any form of retaliation against Subject Persons who report, in good faith, suspicion or violation through any available channel, including termination, demotion, harassment, or any other adverse action, is expressly prohibited. The Group guarantees the anonymity of the whistleblower when requested, except when disclosure of identity is required by law or competent authority.” Willful failure to report a known violation or suspected violation, as well as refusal to cooperate with an ongoing investigation, constitutes a violation of this Policy and is subject to the disciplinary action provided for in Section 11. Reports made in bad faith or with the purpose of harming third parties are subject to applicable disciplinary action, under the terms of Section 11 of this Policy. The receipt of any complaint will be confirmed to the complainant within a period of up to 5 (five) business days, whenever possible, preserving anonymity when requested.
9.5. The complaints received and the status of their investigations will be consolidated in the quarterly Compliance report submitted to the Audit Committee, in accordance with Section 12 of this Policy.
10.1. Training on this Policy will be provided at the time of onboarding of each new Employee and through periodic training, at least annually, for all Employees. Each Subject Person must annually confirm that he or she has read, understood, and adheres to this Global Anti-Bribery and Anti-Corruption Policy.
10.2. The training will be tailored to take into account the geographic location, role, and hierarchical level of the Subject Persons. This Policy and training resources are available at the Group’s main offices in each of the countries in which it operates and on the BeCompliance (https://nextstream.becompliance.com) portal.” The Group’s Chief Compliance Officer, with the assistance of local management, is responsible for ensuring that all Employees receive appropriate training on this Policy and for reviewing the training program annually.
10.3. The Chief Compliance Officer shall maintain records of participation and completion of trainings, reporting the results to the Audit Committee in the quarterly report provided for in Section 12.
10.4. All Subject Persons with supervisory or managerial roles in each of the Group’s business units are also responsible for the implementation of the provisions of this Policy to help prevent violations. They must ensure that Employees under their direction or control are familiar with the provisions of this Policy, have completed mandatory training, and apply them in the exercise of their duties.
10.5. The monitoring of the effectiveness of the compliance program is carried out by: (i) monitoring training metrics; (ii) analysis of the complaints received and closed; (iii) periodic reviews of the records of gifts, hospitality, and interactions with the Public Power; and (iv) quarterly reports to the Audit Committee, pursuant to Section 12. Mandatory training on this Policy is available on the BeCompliance portal, which is the Group’s official channel for access to policies, training and tools of the Compliance Program.
11.1. Disciplinary action will be taken not only against those who authorize or directly participate in a breach of the anti-bribery laws or this Policy, but also against:
11.2. Once the investigation is concluded, the Chief Compliance Officer and the Executive Board will determine the applicable sanction taking into account the following factors:
11.3. The sanction determined may consist of one or more of the following:
11.3.1. The internal sanctions provided for in this section are independent of and do not exclude penalties under applicable anti-bribery laws, as set out in Section 1 of this Policy.
11.3.2. Prior to the application of any sanction, the offender shall be assured of the opportunity to present his or her version of the facts, respecting the principles of adversarial and ample defense, under the terms of the applicable local legislation.
11.4. For sanctions applied to Third Parties, these must be evaluated and imposed according to the seriousness of the violation and the level of interaction of the Third Party with the Group, which may include: (i) formal notification; (ii) suspension or termination of the business relationship; (iii) termination of the contract with applicable legal consequences; and (iv) communication to the competent authorities, when required
12.1. The Group has appointed a suitably qualified and experienced Chief Compliance Officer to oversee the monitoring, implementation and adherence to this Policy. Regional Compliance Directors, where applicable, will be appointed and duly disclosed through the Group’s communication channels.
12.2. The Chief Compliance Officer will have direct access to the Executive Management and the Audit Committee to report compliance concerns, ensuring the independence necessary for the exercise of his or her duties
12.3. On a quarterly basis, the Chief Compliance Officer(s) shall submit a compliance report to the Audit Committee summarizing the reported compliance issues, the status of investigations into each of them, and any actions taken or proposed in response. The quarterly report shall include, at a minimum: (i) the reported compliance issues and the status of your investigations; (ii) the metrics of training and adherence to the Policy; (iii) the status of the records of gifts, hospitalities, and interactions with the Public Power; (iv) any relevant regulatory changes in the jurisdictions in which the Group operates; and (v) any corrective actions proposed or implemented
12.4. A copy of the report, or equivalent executive summary, will be submitted to Actis in accordance with the requirements of the Global Anti-Bribery and Anti-Corruption Guidelines for Actis Portfolio Companies.
For more information about this Policy, or in case of any questions or concerns about any matter addressed in it, Subject Persons should contact their manager, the Chief Compliance Officer or by email compliance@nextstream.com.” Subject Persons are encouraged to consult this Policy and seek guidance whenever issues or uncertainties arise regarding compliance in the exercise of their duties.” Upon entering into force, this Policy supersedes any other internal policies on this matter that may have been implemented heretofore. This Policy will be made available on the BeCompliance portal and on the Group’s other internal communication channels, guaranteeing access to all Subject Persons.
Bribery: The offer, promise, donation, acceptance, or solicitation of an advantage as an inducement to an action that is illegal or even legal, unethical, or a breach of trust. Incentives can take the form of money, gifts, loans, fees, rewards, or other perks (taxes, services, donations, favors, employment opportunities, etc.). Under the terms of this Policy, bribery is any action intended to incentivize someone to act contrary to their obligations, to perform them improperly, or to delay such act without justification; (ii) attempting to unlawfully influence the impartiality of a person by using a personal relationship to attempt to obtain a favorable decision or an undue benefit or advantage for the person offering the bribe;
Corruption: the improper use of entrusted power to obtain undue private gains. Bribery is a type of corruption.
Object of value: The term “object of value” should be understood broadly (i.e., not limited to money). “Valuables” include, but are not limited to, gifts, entertainment donations, travel expenses, meals, theater or movie tickets, tickets to sporting events, travel, hospitality, favors, job offers, and generally any other object or benefit with tangible or intangible value.
Due diligence: verifications carried out on companies or individuals to verify their identity, risk profile, background, ethical behavior and reputation. The level of due diligence will depend on the business area and the jurisdiction in which the party operates.
Subject Person: any individual associated with the Group, whether as an employee (full-time or part-time), executive, director or Third Party acting on behalf of, or for the benefit of, or doing business with the Group, being subject to the provisions of this Policy Facilitation Payments: Small payments made to Public Officials — generally at a lower level — for the sole or predominant purpose of securing or expediting the execution of a routine governmental action to which the payer is legally entitled, including any payment or gift made to a Third Party or institution when required by such Official.”
Kickbacks: Kickbacks are typically payments made in exchange for a favor or business advantage and are usually disguised by unduly increasing the price of a contract or invoice. All employees must avoid any activity that may lead to or suggest that an unlawful commission will be made or accepted by the Group. Payments made in exchange for a favor or commercial advantage, usually disguised by the improper increase in the price of a contract or invoice. They are most common in procurement activities.
Public Official: (i) any official, employee or representative of, or any other person acting in an official capacity for or on behalf of, any (A) Government (including, but not limited to, someone holding a legislative, administrative, or judicial office of any kind, whether appointed or elected), (B) political party, party official, or political candidate, or (C) any officer, employee, or representative of an international public organization; (ii) any person exercising a public function for or on behalf of a country or for any public body or enterprise of (or under the control or supervision of) such country, or (iii) any person who may qualify as a government official in accordance with applicable laws and regulations. A person does not cease to be a Public Servant because he intends to act in a private capacity.
By way of example, for the purposes of this Policy, a Public Officer is considered to include:
Politically Exposed Person (PEP): PEPs are generally defined in local law, but typically include a person who holds or has been entrusted with a prominent public function within the past five years, or under local law, whichever is greater, such as a senior political figure or a person with access to sensitive government data, as well as the close relatives and business associates of said person.
Money Laundering: It is the process by which the origin of funds generated by the exercise of some illegal or criminal activities is concealed (for example, drug or narcotics trafficking, arms smuggling, corruption, embezzlement, white-collar crimes, extortion, kidnapping, piracy, etc.). The objective of the operation, which is usually carried out on several levels, is to make the funds or assets obtained through illicit activities appear to be the result of legitimate activities and circulate smoothly in the financial system. The process generally occurs in three phases: placement (insertion of illicit resources into the financial system), concealment (concealment of the origin through complex operations) and integration (reintroduction of resources as apparently legitimate assets)
Third Party: An external organization or individual that performs, or will perform, services for, with the intervention of, or on behalf of, the interest or benefit of the Group, or with whom the Group has, or will have, a partnership. This includes, without limitation, agents, representatives, consultants, lobbyists, distributors, suppliers, service providers, joint venture partners, customers, and anyone hired or instructed by the Group to deal with any Public Official or to obtain government approvals.
Tone at the Top: A consistent and clear commitment by the Board of Directors to NextStream’ s compliance program.
GIFT AND HOSPITALITY VALUE LIMITS AND RELEVANT GUIDANCE
| Place of offer/reception/hospitality | Gift value requiring pre-approval (in local currency) | Value of hospitality requiring pre-approval (in local currency) |
|---|---|---|
| Spain | €100 | €300 |
| Brazil | R$ 300,00 | R$ 550,00 |
| Argentina | $50 | $100 |
| Mexico | $50 | $100 |
| Peru | $50 | $100 |
| Chile | CLP$50,000 | CLP$120,000 |
| United States | $50 | $100 |
Please note that any gifts or hospitality (regardless of value) offered to Public Officials or members of their families must be pre-approved in accordance with this Policy, pursuant to Section 3.
PRE-APPROVAL APPLICATION GUIDELINES
(Gifts, Hospitality, Contacts with Public Bodies and the Like)
Pre-approval forms are available exclusively on the BeCompliance portal: https://nextstream.becompliance.com/compliance/login, under the “Reports” option
The provisions of this Addendum should be read in conjunction with the Group’s Third-Party Due Diligence Policy, where it exists and is approved. In the event of a conflict, the most stringent instrument prevails
1.1 ANNEX C
1.2 THIRD-PARTY DUE DILIGENCE
1.3 The provisions of this Addendum should be read in conjunction with the Group’s Third-Party Due Diligence Policy, where it exists and is approved. In the event of a conflict, the most rigorous instrument prevails.
1.5 Risk assessment
1.6 A risk assessment should be conducted on all Third Parties prior to engagement, with depth proportionate to the level of risk identified. Third parties classified as high risk — especially those with interaction with public officials — should be subject to enhanced screening. The risk assessment should consider:
1.18 The concluded risk assessment must be documented, kept for a minimum of 5 (five) years and provided to the management of the Purchasing, Sales or Finance teams, as the case may be, for analysis and approval. The hiring of a third party classified as high risk may only continue with the formal and documented approval of the Group’s Chief Compliance Officer.
1.19 A standardized due diligence checklist, based on the above criteria, is available on the BeCompliance portal and must be used and archived for all assessed Third Parties.
1.21 Due diligence
1.22 The level of due diligence will be proportional to the risk identified in the prior assessment, which may be:
1.26 A Third Party must be assessed based on the above risk assessment and any identified red flags (see Exhibit D). Contracting may continue through a formal and documented opinion from the Group’s Chief Compliance Officer, attesting that the risks and warning signs identified have been resolved or can be managed satisfactorily.
1.27 Any Third Party may be kept under continuous monitoring in the event that the Group Chief Compliance Officer identifies it as a potential risk. Medium and high risk Third Parties should be re-evaluated at least annually or whenever there is a relevant change in their risk profile, such as corporate disruption, ongoing investigations, or change in the scope of the relationship.
1.29 Contractual protection
1.30 No agreement may be entered into with, or payments made to, a Third Party without a written contract describing the services to be provided and the remuneration agreed upon (including details of any commission agreement), except in cases of low-value acquisitions duly pre-approved by the Group’s Procurement Policy, within the limits and conditions set out therein.
1.31 All contracts, especially those with Third Parties who will interact with Public Officials or government or state entities, must contain an anti-bribery and anti-money laundering clause. The anti-bribery clause must include, at least:
Red Flags
This Annex integrates the Third Party due diligence process provided for in Annex C of this Policy and must be used as a practical reference tool by all Subject Persons and managers who interact with Third Parties in the exercise of their functions.
Red flags are behavioral, financial, or operational indicators that suggest an elevated risk of misconduct — such as bribery, corruption, or money laundering — by a Third Party. Identifying a red flag does not necessarily mean that a crime has been committed, but it requires further investigation and immediate reporting.
Upon identifying any of the signs below, the Subject Person must immediately notify its manager or the Group Chief Compliance Officer, in accordance with the guidance in Section 6 of this Policy, or register directly through the Whistleblowing Channel available on https://nextstream.becompliance.com/canal-etica/canal-denuncias.
Below are examples of the most common red flags that may suggest an increased risk of misconduct by Third Parties:
Below are examples of the most common red flags that may suggest an increased risk of misconduct by Third Parties. Upon identifying any of the signs below, the Subject Person must immediately notify its manager or the Group Chief Compliance Officer, in accordance with the guidance in Section 6 of this Policy.
The existence of red flags does not necessarily mean that a bribery offence has been committed. However, they require a more in-depth investigation and must be immediately reported to the Group’s Chief Compliance Officer or through the Whistleblowing Channel available on https://nextstream.becompliance.com/canal-etica/canal-denuncias.
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