What does this mean for JTI?
Financial crime harms society and governments and can adversely affect JTI’s business and reputation.
Financial crime includes money laundering, tax evasion and the facilitation of tax evasion. Money laundering is the process of converting money obtained illegally into apparently legitimate money or other assets. Tax evasion involves taking measures to avoid making required tax payments. Facilitation of tax evasion means assisting a business partner or other third party to evade taxes.
The penalties for committing or facilitating financial crime can be serious for both JTI and its employees, even if JTI or the person responsible does not benefit from the activities carried out. You can be liable if you intentionally or unintentionally assist someone to carry out such activities.