• Sanctions are measures used by national governments, supranational bodies and international organisations to support national security interests and/or advance foreign policy objectives. The requirements of different sanctions regimes will often vary depending on the government or body administering them, their intended aims, and the individuals, groups, vessels and entities they target. However, measures commonly imposed include the following:

    • Financial restrictions
    • Asset freezes
    • Travel bans
    • Targeted arms embargos, and/or
    • Import/export bans on certain commodities.

    We are committed to ensuring the financial wellbeing of people, businesses and communities by ensuring we comply with the applicable sanctions regulations.

Sanctions policy

  • In light of the differences amongst sanction laws of nation states, we have a Group-wide policy which acts as basis for the development of appropriate internal procedures. We are committed to:

    • Ensuring employees understand the importance of sanctions compliance
    • Securing the Group’s operations in their respective markets
    • Working to mitigate the risk of breaching sanctions regulations
    • Promoting awareness of our role as a responsible corporate citizen.

Due diligence

  • We undertake due diligence on:

    • Our customers
    • International payments 
    • Trade transactions
    • Third Parties.

    The purpose of this due diligence is to ensure that we:

    • Properly identify any sanction risk represented by our customers, transactions, trade deals and third parties with which we do business with
    • Avoid breaching an applicable sanctions regime as a result of conducting business with, for, on behalf of, or otherwise, in relation to a sanctioned entity or individual.

Related information

  • Anti-money laundering

    Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) program sets out how the Group identifies, mitigates and manages money laundering and terrorism financing risk.

    Learn more