As a responsible financial services group, the fairness and integrity of our practices are at the core of our relationship-building approach. Ensuring compliance with these principles is our responsibility towards our customers. It also helps us earn their trust and protects our Group’s reputation.

What is compliance?

Compliance means acting in accordance with provisions specific to banking and financial activities, whether they stem from legislation, regulations, or professional, ethical or internal standards.

Sharing a culture of compliance

Combating corruption and money laundering, preventing conflicts of interest and market abuse are all key areas of focus in our compliance policy.

Our Code of Conduct, translated into eight languages and distributed to each of our employees worldwide, illustrates our culture of compliance. We aim to share the strong principles governing individual and collective behaviour, such as integrity, thoroughness, a sense of service and openness to the world. It also prevents conflicts of interest.

The Group has no tolerance for deliberate breaches of or the voluntary abstentions to the principles of the Code of Conduct. The failure to respect these rules, which are available in our internal regulations, can every year lead the Group to put in place penalties, according to the gravity of the facts, which can go as far as disciplinary dismissal.

Furthermore, our definition of compliance includes sharing and respecting the rules of good conduct that meet the highest standards of our profession. In particular, our employees are prohibited from the following:

  • dealing with customers or suppliers whose activities operate counter to the ethical principles of our Group;
  • providing information on products or services that is imprecise or likely to be misleading.

Societe Generale Code of Conduct
Charter for responsible advocacy with public authorities and representative institutions
Tax Code of Conduct

Relying on a dedicated organisation

Our compliance commitments are managed by an independent unit that operates, across our various businesses. The Group’s General Secretary is responsible for monitoring compliance at the Group level assisted by the Compliance Department and compliance managers across all our entities.

Preventing non-compliance risks

The Compliance Department ensures that the laws, rules and ethical principles specific to our banking and financial activities are observed, and looks after reputational risk. It is responsible for managing our Group’s reputation and also ensures that the rules of good conduct and personal integrity are correctly followed exercised by our employees.

Its actions are supported by the compliance managers within the central divisions and departments. Every month, the Group Compliance Committee meeting works to resolve any compliance problems.

2016 Registration document - Compliance chapter
Anti-money Laundering Certificate
Wolfsberg questionnaire on Anti Money Laundering
Certification regarding Correspondent account for foreign banks

Tax Code of Conduct

Our Group pursues a rigorous and selective policy regarding non-cooperative countries and territories (NCCT), or “tax havens”. As a result, we have closed all our offices in countries or territories considered non-cooperative by France and international institutions.

OUR TAX CODE OF CONDUCT POLICY

Big banks and small banks

"Large banks and small banks working together to increase controls and reduce risk is a key factor for each party when it comes to regulatory compliance. Regulators increasingly expect this from the industry. We must make sure we can benefit from each other’s expertise and ensure all parties benefit from working together."

Alain Bozzi, Chief Compliance Officer, Societe Generale

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