Limpopo Gambling Board Annual Report

8. Compliance with Laws and Regulations

The Limpopo Gambling Board recognises the essential role that compliance with applicable legal and regulatory requirements plays in the governance and sustainability of its business. The Compliance function lies in both the Chief Executive Officer’s office and the Chief Financial Officer’s office. Both offices provide support to the Entity relating to regulatory reporting obligations. The function further provides regulatory updates to employees and Management relating to applicable legislation and changes to legislation. The compliance universe is continually reviewed in collaboration with the Business Units and in ensuring that the Entity continues to identify for compliance controls, monitoring them and reporting on them. 9. Fraud and Corruption The Entity has in place an approved Fraud and Corruption Prevention Policy for the purposes of combating the risks of fraud and corruption. A fraud risk register is monitored by the Risk and Fraud Management Committee in managing relevant fraud risks in the organisation. The Board has a zero-tolerance stance on Fraud and Corruption and further ensures that planned mitigations of identified fraud risks is implemented throughout the organisation. Whistle Blowing The Entity has a Whistle Blowing Policy in place which is aligned to the Protected Disclosure Act. No 26 of 2000, which allows for officials to make factual confidential disclosures about fraud and corruption they might be aware of. Staff members are continuously encouraged to report any suspected allegations of fraud and corruption through the National Fraud Hotline (0800 701 701).

There were no cases of fraud and corruption reported during the financial year.

10. Minimising Conflict of Interest

a) Management of the Limpopo Gambling Board are required to disclose their specific personal assets and business interests on appointment. b) Every year the Human Resources Unit issues a circular reminding Management and officials to disclose any new business interests. c) The Senior Managers complete financial disclosure forms which are submitted to the Executive Authority annually. d) Suppliers are required to complete an SBD4 for declaration of interest purposes prior to engagement of business activities with LGB and the centralised supplier database (CSD), introduced by National Treasury, and also assists in minimising the risk of disloyal suppliers.

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