We prevent fraud and money laundering

Our shared responsibility

We protect the company’s financial integrity by monitoring for unusual circumstances relating to our partners, business relationships, and financial transactions. We also prohibit terrorist financing, including providing money, goods, services, or other assets that may support terrorism. This helps prevent fraud and money laundering. Business Transactions must be plausible, and all financial transactions must be properly documented, approved, and recorded. We do not tolerate financial misconduct in any form.

Why it matters

Maintaining accurate financial records helps build trust with investors, customers, and regulators. Fraud or money laundering can lead to fines, criminal charges, loss of contracts, and serious reputational harm. We protect Omterra by ensuring that our business transactions are plausible and financial information is truthful, transparent, and complete.

How we energize with integrity

We prevent fraud and money laundering by:

  • Never creating false, misleading, or incomplete financial entries.
  • Performing thorough risk-based due diligence before entering into business relationships and thereafter.
  • Ensuring no off-the-books accounts or hidden funds.
  • Complying with all tax reporting rules.
  • all suspected financial fraud and suspicious transactions to Compliance.
  • Cooperating fully and honestly with internal and external audits.

Spark your understanding

Fraud:
An intentional act of deception, such as lying, hiding information, or misusing resources, done to gain an unfair or illegal benefit or to cause loss or financial harm.
The process of hiding the illegal source of money by moving it through legitimate business activities.
An account or fund that is not properly recorded in the company’s official records. These are prohibited.

Make it current

Question: A customer bought Omterra spare parts, but payment is made by a different company that is not part of the contract. Can we accept it?

Answer: No, not without further clarification. This payment raises red flags and must be reported immediately to Compliance.

Power sources

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