Management of Compliance Risks
  • wpadmin
  • wpadmin

Enlace Externo

Texto del enlace externo

Compliance risks are those events that may affect

Ethics and Compliance

Management of Compliance Risks

Last updated Nov 8, 2014

Compliance risks are those events that may affect our reputation and threaten the sustainability of Ecopetrol, especially those related to fraud, corruption, Money Laundering and Terrorist Financing (ML/TF).

Ecopetrol is registered on the stock exchanges of Colombia, New York, Toronto and Lima. This means that measures must be taken to comply with the regulations defined in each of these places, because any breach can lead to legal, operational, financial and reputational consequences for the company.

Compliance risks are managed as follows:

Prevent Detect Monitor
  • Training
  • Dissemination
  • Awareness raising
  • Management of Reports
  • Audits
  • Internal Control System
  • Reports
  • Transfers to other departments
  • Interinstitutional agreements
  • Information systems
  • Alert signals