Mercuria CSR Report 2021 - Flipbook - Page 26
Mercuria also provides annual compliance training throughout the calendar year to global employees
relating to additions or proposed changes to exchange and regulatory rules, market conduct, internal
policies and other learnings such as market and regulatory events. These trainings provide all employees
with an appropriate outline and scope of such changes to ensure that they are well acquainted with all
rules and regulations to which Mercuria must adhere.
WEF Partnering Against Corruption Initiative (PACI)
Launched in 2004, PACI serves as the principal CEO–led platform in the global anticorruption arena, building on the pillars of public-private cooperation, responsible
leadership and technological advances. With approximately 90 signatories from
different sectors across the globe, PACI undertakes initiatives to address industry,
regional, country or global issues tied to anti-corruption and compliance. The PACI
Principles, to which we have committed, call for businesses around the world to
commit to zero tolerance of corruption in all its forms. PACI encourages members
to join collective action initiatives to increase public trust in business, deliver fair
markets and level the playing field by fighting corruption.
DUE DILIGENCE
Overview of “Know-Your-Counterparty” (KYC)
Mercuria is one the largest traders of physical commodities worldwide with a strong reputation for
conducting business consistently and in an ethical, safe manner. We ensure our high standards in this
regard by ensuring we conduct extensive due diligence and research before entering into a new line
of business or business with new partners. The diligent “Know-Your-Counterparty” (KYC) checks we
conduct to ensure our partners reflect our values and are key to mitigating business risks. A thorough
KYC evaluation is conducted prior to the execution of any contract or formal business engagement
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