ABSCOM is dedicated to maintaining the highest standards of business ethics and compliance with the laws and regulations of Uzbekistan. This policy outlines our principles regarding anti-corruption, business ethics, payment of commissions, and the giving or receiving of gifts and entertainment.
1. Anti-Corruption and Bribery Policy
We strictly prohibit any form of bribery or corruption. Employees, partners, and representatives of ABSCOM must not offer, give, solicit, or accept any financial or other advantage to or from any person or organization to secure improper business advantages. ABSCOM complies fully with the anti-corruption laws of Uzbekistan and international standards.
2. Business Ethics
At ABSCOM, we prioritize integrity, transparency, and fairness in all business dealings. Our operations reflect our commitment to ethical business practices, particularly when selling software to microfinance organizations or reselling licenses for major software companies.
3. Payment of Commissions
All payments, including commissions to third parties, must be transparent, reasonable, and properly documented. ABSCOM prohibits any form of hidden fees, kickbacks, or improper financial arrangements in all transactions.
4. Gifts and Entertainment
ABSCOM allows the giving or receiving of gifts, hospitality, or entertainment only if they are reasonable, customary, and compliant with applicable laws. Under no circumstances may such actions be used to influence decisions or secure improper advantages, especially in dealings with Government Officials or large corporate clients. Any gifts exceeding a nominal value must be reported and approved through our internal procedures.
5. Compliance with Local Laws
ABSCOM is fully compliant with Uzbekistani laws and regulations, particularly those governing software sales and licensing. We are committed to upholding these standards in our dealings with microfinance organizations, corporate partners, and Government Officials.
6. Reporting Concerns
We encourage all employees, partners, and stakeholders to report any potential violations of this policy. Reports can be made confidentially via feedback@abscom.uz. ABSCOM strictly prohibits retaliation against whistleblowers.