Honest & Fair Business

The Financial Conduct Authority (FCA) publicly censured Amigo in February 2023 for failing to conduct adequate affordability checks on borrowers and guarantors between November 2018 and March 2020.

The FCA would have imposed a fine of £72.9 million (approximately $88.7 million USD), but it was waived because the company could not afford to pay. The FCA also noted that Amigo failed to maintain adequate records and negligently deleted email accounts of former staff, which hampered the investigation. Amigo has a Whistleblowing Policy (WBPv0.52016) that is reviewed annually by the HR Department and includes annual training for new and existing staff. It provides a confidential email address monitored by a Non-Executive Director, offers protection for good faith disclosures, and outlines a process for investigations, written acknowledgements, and outcome reporting to complainants. External contacts like the FCA hotline are provided, and an annual whistleblowing report is prepared for the Board (available to the FCA/PRA on request, but not public). The company also has an Anti-Bribery and Corruption Policy (ABCPv0.4) that applies to all associated parties. It prohibits bribery, requires regular identification of risks, communication to all relevant parties, and staff training. The policy identifies key risk areas including facilitation payments, requires maintenance of records for a minimum of 5 years, and mandates internal control systems to be subject to regular internal and independent audit. The Board reviews the policy annually, and the CEO has primary accountability, reporting to the Board. Third-party due diligence is performed to prevent bribery-related liabilities.

No War, No Weapons

The company's core business is providing guarantor loans and managing its existing loan book, which are financial services.

There is no evidence in the provided articles to suggest any involvement in arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, or any other activities related to war or weapons. Consequently, all relevant KPIs are assessed as 'Not Applicable' to its core operations.

Respect for Cultures & Communities

No specific, concrete data points were found in the provided articles to assess AMGO.LSE against any of the Key Performance Indicators for the 'Respect for Cultures & Communities' ethical value. Information regarding Modern Slavery Act compliance

and a Whistle Blowing Policy was noted, but these do not directly align with the specific metrics or scope of cultural and community respect as defined by the rubric.