Overview
Equatorial is committed to ensuring full adherence with all applicable international and local sanctions regulations. We have established a comprehensive framework that guide us on how we identify, assess and manage sanctions related risks across our operations.
We consistently review and enhance these measures to ensure they remain effective and relevant to any regulatory changes.
Compliance Framework
To uphold the highest standards of legal and ethical conduct and to foster a culture of transparency, accountability and regulatory compliance, all employees are responsible for adhering to all applicable laws, regulatory requirements and internal standards. This collective mindset ensures that compliance is not just a requirement, but an integral part of how we operate.
Compliance Mindset
As part of this framework, our Know Your Customer (KYC) procedures set clear requirements for due diligence, screenings, risk assessments and ongoing monitoring. These measures help to prevent and safeguard our company from potential sanctions violations.
Policies And Procedures
Know Your Customer (KYC) Policy outlines our approach to verifying the identity of our customers, assessing potential risks of illicit activity, and ensuring adherence to regulatory requirements. It encompasses key components such as customer identification and verification procedures, risk-based customer due diligence, continuous monitoring of customer activity, and enhanced due diligence measures for individuals or entities that present higher risk profiles.
The purpose of the Sanctions Policy is to establish the guidelines and controls that demonstrate the company’s commitment towards sanctions compliance. These sanctions regimes may include but are not limited to, those issued by the U.S. Office of Foreign Assets Control (OFAC), the United Kingdom’s, the European Union, the United Nations, and relevant local authorities. The policy also provides guidance to ensure all employees understand and meet the expectations of the compliance function, including when and how they can seek advice regarding any transaction that may present potential sanctions-related risk.