OEG Group (OEG) is committed to complying with all applicable laws and regulations where it operates. Compliance with all applicable sanctions is compulsory and essential to OEG's current business interests and future business opportunities. OEG has developed and implemented a global sanctions policy to ensure that the OEG Group, its representatives, agents, and business partners comply at all times with all applicable sanctions.
Our Global Sanctions Policy is applicable to OEG Group companies and their officers, directors and employees. Furthermore, OEG undertakes a detailed sanctions background review of customers and our supply chain in order to ensure that we are fully compliant with the latest requirements.
OEG requires that all members of our supply chain confirm that they are aware of economic sanctions and that they have read & understand our Global Sanctions Policy. It is important to OEG that we have visibility of a like-minded compliance culture to detect and prevent violations of our Global Sanctions Policy.
OEG is committed to communicating our Global Sanctions Policy to all agents, joint venture partners, consultants, contractors and others who work on our behalf or represent us in some part of our business.
We currently undertake a full screening of customers and suppliers using 3rd party software as a fundamental element of our due diligence and compliance with local and international laws. The screening software uses the most comprehensive set of worldwide lists updated daily from government and non-government sources for trade & financial sanctions, embargoes, anti-money laundering, foreign corrupt practices, law enforcement, and politically exposed parties (pep). This process has assisted us greatly in streamlining this screening activity across all the countries where we operate.
It is OEG Group policy to conduct its business in an honest and ethical manner and is committed to acting professionally, fairly and with integrity in all of its business dealings and relationships wherever OEG operates. We provide policy awareness training and enhanced training where necessary to ensure that we have a robust system in place to address economic sanction screening.
To request a copy of OEG's Economic Sanctions Policy please email: qhse@oegoffshore.com