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We adhere to our core policy of maintaining sustained growth and a sound financial base through business management from a long-term perspective. Our policy also calls for the timely and accurate disclosure of information, and consistently maintaining sound relationships with our customers and other stakeholders.
Positioning the full enforcement of compliance as one of its most important issues, SMBC Consumer Finance does not simply comply with laws and regulations, but works
to ensure that its conduct is in line with social norms and widely supported by society. To that end, we work to enhance and strengthen our preparedness in compliance
through the development of company regulations and organizational structure, in-house education, and ongoing awareness building activities.
The Code of Ethics, which is established as an action guideline, introduced the Business Ethics. This code outlines the common principles of CSR in the SMFG, showing the fundamental line of thinking, values, and spirit that underline our business activities and ensuring they are fully known to all our officers and employees.
Our organizational structure for compliance consists of the Risk Management Department, which serves as a compliance supervisory department, a compliance promotion section in each business department, and a compliance officer in each department. They all work together to maintain the supervisory framework and ensure that businesses are operating properly. The Internal Audit Department, the Global Internal Audit Department and the Inspection Department also audit these systems and activities regularly from an independent standpoint to check their appropriacy.
We have also set up a compliance service both inside and outside the Company to enhance the self-cleaning function through the early detection and correction of violations of laws and regulations. This service also helps to reinforce the whistleblowing system under the Whistleblower Protection Act.
We have organized our preparedness for severing all relationships with antisocial forces by establishing a basic policy on how to deal with these forces. We have established the Basic Policy on the Exclusion of Antisocial Forces to sever and eliminate relationships with antisocial forces in a determined attitude, maintain public confidence in SMBC Consumer Finance, ensure businesses are run appropriately, and prevent damage caused by antisocial forces.
1.We will hold no relationships with antisocial forces.
2.We will deal with antisocial forces appropriately in an organized manner by cooperating with the police, the National Center for Removal of Criminal Organization, lawyers, and other external agencies.
3.We will not comply with undue claims from antisocial forces, and will resolutely take a legal action against these claims.
4.We will refuse to provide funds to antisocial forces and engage in secret transactions with them.
5.We will ensure the safety of employees and protect them from the undue claims of antisocial forces.
SMBC Consumer Finance maintains an open attitude when selecting business and retail partners and establishing new trading relationships. To ensure the development and maintenance of sound relationships, we have established guidelines to regulate our operations related to the selection of trading counterparties. Based on these guidelines, we determine trading counterparties by fairly comparing their prices, quality, services, and other related conditions in light of factors such as the content of their business and financial performance. This allows us to conduct business in a sincere manner with our business partners.
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