Third-Party Risk Management
We take a strategic approach to make sure that our customers receive the best possible service, while adhering to all national and international laws and regulations. We employ due diligence combined with best practices to ensure informed decision making in compliance with the letter of the law.
We operate a comprehensive General & Regulatory Compliance Program that consists of an Embargo & Sanction Program module in conjunction with a Blacklist / Denied Party Screening Program module. These serve to support regulatory programs focused on but not limited to current UN, US, UK and EU regulations.
These regulations prohibit business contacts and dealings with certain persons, organizations, companies and institutions. Other embargoes have been imposed on entire countries. The regulations also define the responsibilities of international logistics providers. An embargo may cover all commodities or only certain goods of specific origin to a specific controlled destination.
Additionally, we may restrict/prohibit operations partially or entirely with any specific country for commercial reasons based on Country Risk Management evaluation with the Board of Management, Corporate Product Management or under Legal Direction.
The purpose of this Group Directive is to support ongoing international regulatory programs while protecting the commercial interests of the cargo-partner group and our customers.