June 18, 2024
Press Release
The Deposit Guarantee Fund (DGF) has obtained certification of compliance of the established anti-corruption management system with the ISO 37001:2016 requirements. The audit was conducted by international certification company MSECB. During the audit that resulted in the certificate, the auditors found that the DGF's anti-corruption management system meets all the certification requirements, and the DGF follows the processes required by this standard. The certificate of compliance with the standard is valid for three years, during which the certification will be periodically confirmed as part of a supervisory audit.
ISO 37001:2016 is an international standard that establishes requirements for the establishment, implementation, maintenance, review, and continuous improvement of an anti-corruption management system.
“The obtained ISO certificate proves that the procedures established by the DGF to prevent and combat corruption comply with international best practices. The Deposit Guarantee Fund is an organization that not only declares integrity and zero tolerance to corruption, but also has proven effective anticorruption mechanisms that are constantly being improved. This is now confirmed by renowned international experts,” emphasized Svitlana Rekrut, Managing Director of the DGF. “This is the result of systematic teamwork of all the DGF's divisions.”
The audit of the Deposit Guarantee Fund for compliance with the standard was carried out by PECB UKRAINE LLC, the official representative of MSECB MANAGEMENT SYSTEMS INC. (Canada), with the support from the USAID Investment for Business Resilience Activity.
“The efficiency and transparency of financial institutions are critical to public confidence in the financial market. Implementation of advanced international standards to ensure the safety and stability of financial institutions not only protects depositor rights, but also contributes to increased confidence in the entire financial sector. The USAID Investment for Business Resilience Activity actively promotes the development of Ukraine's financial sector, its integration into the European community, increased transparency, and compliance with international standards,” said Yulia Vitka, Acting Chief of Party of the USAID Investment for Business Resilience Activity.
ISO 37001:2016 was developed by ISO/TC 309 technical committee based upon the existing guidance from the International Chamber of Commerce, Organization for Economic Co-operation and Development, Transparency International, and other organizations. ISO 37001:2016 was published for the first time by the International Organization for Standardization (ISO) on 15 October 2016.
The USAID Investment for Business Resilience (IBR) Activity is a five-year program implemented by DAI Global LLC that supports systemic changes in Ukraine’s economy and increases the supply of finance available to Ukrainian businesses. IBR aims to transform the country’s financial sector into a well-functioning and competitive market that is aligned with European Union standards and integrated into international financial systems, while directly providing financing to enterprises for sustained economic growth.