Page 24 - Paragon ID

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Fight against fraud
At the heart of our commitment towards ethical and respon- sible business are fundamental pillars aimed at maintaining integrity and transparency throughout our business activi- ties. With this in mind, our approach to fighting fraud is of paramount importance. Two key areas reflect our commit-
Major contracts
ment towards sustainable and responsible performance: the management of major contracts by intermediaries and prevention of tax evasion. These strategic challenges form part of our commitment and illustrate our determination to uphold ethical and responsible commercial practices.
Risk
NON-COMPLIANCE FOR MAJOR CONTRACTS MANAGED WITH INTERMEDIARIES
Paragon ID works alongside agents and/or intermediaries for major contracts abroad where local presence is required (contract > €10M annually).
ACTION PLAN
In order to prevent the risk associated with the use of intermediaries and to guarantee regulatory compliance for major contracts, we undertake to submit these to an audit carried out by our auditors. During the 2022/2023 financial year, a single major contract was identified and submitted for an audit.
| Extra-Financial Performance Statement 2022/2023
INDICATOR
100% of major contracts audited
TARGET
Maintaining 100% of major contracts audited