Compliance
Trading with confidence through our industry-leading compliance standards.
Our purpose
Our purpose is to ensure business ethics and transparency within the organisation while remaining committed to supporting and protecting business opportunities and relationships.
In a global market vulnerable to high-risk transactions, we are consistently aligned with international regulations on sanctions, bribery and corruption and observe strict compliance when conducting enhanced due diligence on all vessels and counterparties.
All vessels and counterparties are screened in our system against international sanctions, adverse media, political exposure and other risk factors. Concerns are addressed to the compliance team for further assessment and if any issues are found, the trader will require compliance clearance before proceeding.
Key features
- Implementation of effective tools that allow for real-time screening to minimise and mitigate our compliance risks.
- A global team of specialists covering all major time zones.
- An active member of the Maritime Anti-Corruption Network (www.macn.dk/) and working towards the vision of a maritime industry free of corruption that enables fair trade to the benefit of society at large.
- Supporting and promoting ethical corporate practices within the maritime industry, actively combatting bribes, facilitation payments and other forms of corruption.
- Adhering to international sanctions regulations with the ability to respond swiftly to changes in the global sanctions landscape.
OUR COMPLIANCE POLICIES
Download our compliance policies below.
ANTI-BRIBERY AND ANTI-CORRUPTION POLICY
The Anti-Bribery and Anti-Corruption (ABAC) Policy, sets out the Monjasa Group’s commitment to complying with the ABAC laws, including but not limited to the Foreign Corrupt Policies Act, the UK Bribery Act, and the Danish Law. These regulations apply to the Monjasa Group, guided by the ABAC framework.
Download a copy of our Anti-Bribery and Anti-Corruption Policy here
SANCTIONS POLICY
The Sanctions Policy sets out the Monjasa Group’s principles and commitment to complying with the applicable international sanctions regulations and restrictive measures issued by the United Nations, the United States, the European Union, and other national and supranational authorities.
Download a copy of our Sanctions Policy here
COMPETITION POLICY
The Competition Policy sets out the Monjasa Group’s commitment to complying with the applicable legal framework, including the Treaty of the Functioning of the European Union and applying fair market competition practices.
Download a copy of our Competition Policy here
ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING POLICY
The Anti-Money Laundering and Counter-Terrorist Financing (AML and CTF) Policy, sets out the Monjasa Group’s commitment to complying with local and international regulations with regards to the prevention of money laundering, terrorist financing and financial crime. This includes the implementation and maintenance of adequate controls to mitigate and manage AML, CTF and other financial crime-related risks.
Download a copy of our Anti-Money Laundering and Counter-Terrorist Financing Policy here
