The MTS Unified Compliance System

The MTS Unified Compliance System (UCS) is an integrated, consolidated set of instruments aimed at safeguarding the Company’s integrity by minimizing compliance risks in line with international best practices. As a result of Surveillance Audit conducted by International Compliance Association Risk Management (ICA Risk Management) in January 2022, MTS has successfully transferred to a new standard “Compliance Management Systems” (ISO 37301:2021, formerly ISO 19600:2014). The successful certification further demonstrates both the maturity of MTS’s Unified Compliance System, as well as the company’s ongoing commitment to world-class corporate governance.

The MTS UCS is regularly monitored by the MTS Compliance Committee, comprised of the CEO and other senior leaders, which lays out the priorities for risk identification and mitigation in order to ensure effective compliance throughout the Company. The Committee meets regularly to discuss relevant issues and challenges related to the UCS, and its decisions are required to be executed by the relevant corporate functions.

Compliance System Programs

The MTS UCS consists of nine compliance programs:

  1. Anti-bribery compliance and business ethics
  2. Anti-trust compliance
  3. Insider information security
  4. IP-Compliance
  5. Personal data security
  6. Occupational health and safety
  7. AML/CFT
  8. Human rights in the workplace
  9. Environmental protection

The Compliance Programs are dedicated to developing and deploying policies and procedures that address the Company’s compliance risks in a practical and effective manner, for example, by carrying out training, handling complaints, and deploying internal controls.