The purpose of the Sanction List Screening Policy is to ensure compliance of EP NL with sanctions, i.e. to ensure that EP NL and/or any of our employees does not establish or maintain business relations or processes any transactions with sanctioned persons, entities or countries. The Policy covers economic and financial sanctions, trade embargoes and other restrictive measures imposed, administered or enforced from time to time by USA, UN, EU or UK.
EP NL believes that sanctions are a vital tool for combatting terrorism and maintaining and/or restoring international peace and security. EP NL is committed to avoiding trade with sanctioned parties or anyone in sanctioned countries. EP NL also does not have business relationships with business partners who are known to be in violation of the principles underlying the Policy. EP NL’s golden rule is that it would rather lose a particular business opportunity than engage in illegal or unethical conduct.
Screening of sanction lists is an integral part of EP NL’s Know Your Customer Directive. EP NL actively collaborates with both supervisory and legal authorities concerning the enforcement of sanction systems. EP NL reports any breach of a sanction’s regime to the appropriate authority in a timely manner and in accordance with law.
