Our business integrity

Preventing financial crime

We do not tolerate financial crime and actively manage risks related to financial crime.

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.

What does this mean to me as an employee?

I must not engage in or facilitate any form of financial crime.

JTI’s Anti-Money Laundering (AML) policy defines rules on inbound and outbound commercial payments and can help me ensure that I am not facilitating money laundering.

If I am asked to carry out an act which could lead to the evasion of tax or money laundering, I refuse to act and immediately report it.

I speak up if I become suspicious that a colleague or business partner might be involved in financial crime.

What does this mean for our business partners?

We expect our business partners, including those acting on our behalf, to comply fully with our zero tolerance approach to financial crime.
We will exercise our right to terminate contractual arrangements where business partners are involved in any form of financial crime.

If a business partner is asked to carry out an act which may result in financial crime, they must immediately report their concern via onebehavior@jti.com.

What situations could this apply to?

Here are some examples of potential financial crime:

  • A business partner has asked me to redirect a payment to an offshore bank account registered to a third party which I am not familiar with and I suspect the reason for this is to evade tax.
  • A customer has asked me to wrongly classify the goods/services they purchased on their invoice which will reduce the VAT or other taxes or duties which are due.

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