Ethics and transparency

Compliance Verification

Compliance Verification Function

Compliance Verification Function

Grupo Catalana Occidente has the key function of verifying compliance, which forms part of the Group's comprehensive internal control and governance system and is framed in the second line of defence, in coordination with the rest of the core functions and supported by the organisation as a whole. This function is responsible for advising the governing bodies of the companies of Grupo Catalana Occidente on compliance with the legal, regulatory and administrative provisions that affect them, as well as compliance with internal regulations, the assessment of the possible repercussions of any modification of the legal environment, and the determination and assessment of compliance risk.

Compliance Verification Committee

Compliance Verification Committee

In accordance with the principles set out in its Code of Ethics, Grupo Catalana Occidente is firmly committed to the faithful compliance with the regulations applicable to its activity. To ensure its execution, the Group has a Compliance Verification Committee, which coordinates, supervises and establishes common criteria for all Grupo Catalana Occidente entities in relation to the application of the regulations that affect them, thus providing the maximum possible security in the management of compliance risk in the activities carried out by the organisation, in accordance with the best international standards on compliance and the guidelines of the national and European control authorities.

Prevention of money laundering

Prevention of money laundering and the financing of terrorism

As an integral part of the function, in order to promote transparency and to contribute to maintaining the trust of its stakeholders, Grupo Catalana Occidente has a corporate governance framework on the prevention of money laundering and the financing of terrorism, enabling them to relate to the Group without fear that misuse of the financial system or other sectors of economic activity poses a risk of money laundering or the financing of terrorism. Grupo Catalana Occidente has also appointed a single representative of the entities obliged by the regulations for the prevention of money laundering and the financing of terrorism, before the Executive Service of the Commission for the Prevention of Money Laundering and Monetary Offences (SEPBLAC).

Personal data protection and information security

Personal data protection and information security

As an integral part of the function, in order to promote transparency and to contribute to maintaining the trust of its stakeholders, Grupo Catalana Occidente has a corporate governance framework on the protection of personal data and information security, with the aim of preserving the confidentiality and privacy of personal data and information and a secure management environment for the processing systems and services that support it. It has also appointed a Data Protection Officer to ensure compliance with applicable personal data protection regulations. Both the Data Protection Officer and the Compliance Verification Director hold the Data Protection Officer Certification in accordance with the scheme promoted by the Spanish Data Protection Agency (AEPD).

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