We don’t launder money

We comply with the rules on anti-money laundering to prevent Schibsted from being used by third parties to launder money or to make funds available for terrorism or other criminal activities.

 Defined
Money laundering can be defined as transforming the proceeds of crime into a legitimate economy. The proceeds of a crime can be anything of value, including money, goods, assets and real estate. It can often appear in connection to other types of crime, including fraud, corruption and tax evasion.

What is Schibsted’s responsibility?

We comply with local and international laws and take necessary action to prevent money laundering in our financial transactions.

What is expected of me?

  • Be familiar with the basic principles that apply to anti-money laundering.
  • Ensure that any business partner/customer is legally established and runs a law-abiding business before entering into any agreement.
  • Report any suspicious transactions, including third-party payments, large cash purchases or the use of cash equivalents, to the appropriate internal channels.
  • Be familiar with and adhere to additional requirements that apply to regulated entities when working for or representing Schibsted Financial Services.
  • Notify in accordance with our procedures if there is reason to suspect, or discover, that money laundering has taken place. This is mandatory.

Find out more

Contact:
Group Compliance Officer