Compliance Policies

Sanction Policy

Ocean Green Pte. Ltd. is committed to complying with the sanctions laws and regulations (sanctions laws) passed by Singapore, the United Nations Security Council, the European Union, the Office of Financial Sanctions Implementation of His Majesty's Treasury and the U.S. Department of the Treasury's Office of Foreign Assets Control as well as applicable sanctions laws in the jurisdictions in which Ocean Green Pte. Ltd. operates.
Ocean Green Pte. Ltd. has an internal sanction compliance policy that its employees must comply with before entering into a trade transaction to meet the above obligations. This includes:
• Screening suppliers/buyers and related third parties against the sanction’s lists issued by the UN, the EU, the US (including the Office of Foreign Asset Control of the US (OFAC)) and all applicable local regulatory sanctions related to the transaction.
• Prohibiting or restricting business activities, personal transactions, customer relationships or facilitating transactions that our Company believes:
o may violate the applicable sanctions laws, whether directly or indirectly.
o involve individuals, entities or vessels listed on an official sanctions list by the UN, EU, OFAC or the local regulatory sanctions list whether directly or indirectly.
o may potentially circumvent applicable sanctions laws or contravene the spirit of such sanction laws.
In order for us to ensure compliance with any sanctions programme, counterparties may be required to furnish us with additional information as and when necessary.