Sanctions Compliance Statement
Compliance Statement: Adherence to OFAC, EU, and Banking Sanctions Regulations (updated 28-2-2024)
At KGT Kool Graphic Trade B.V., we are committed to upholding the highest standards of compliance with international sanctions regulations imposed by entities such as the Office of Foreign Assets Control (OFAC), the European Union (EU), and various banking institutions. It is our firm belief that strict adherence to these regulations is essential for maintaining global security and stability, even if we may hold differing opinions on specific sanctions.
It is crucial to emphasize that the sale and delivery of machinery and parts by KGT Kool Graphic Trade B.V. must not, under any circumstances, directly or indirectly contribute to entities, companies, or individuals sanctioned by OFAC, the EU, or banking institutions. We take proactive measures to ensure that our products do not find their way to countries or entities subject to sanctions.
In particular, we are vigilant about transactions involving countries currently under heightened scrutiny for sanctions violations, including Russia, North Korea, Iran, Syria, Cuba and Sudan. We exercise utmost caution and diligence in monitoring and controlling any dealings related to these regions to prevent any inadvertent violations of sanctions regulations.
Furthermore, we strictly prohibit the direct or indirect financing of our machinery and equipment from countries, companies, or individuals listed on sanctions lists. It is imperative for us to ensure that our operations do not contribute to any activities that undermine the integrity of international sanctions regimes.
By engaging in business with KGT Kool Graphic Trade B.V., our customers acknowledge and agree to adhere to these compliance standards. They affirm that they will not participate in any direct or indirect activities, including but not limited to sales, financing, or facilitation, that contravene sanctions regulations.
At KGT Kool Graphic Trade B.V., we recognize the importance of our role in promoting global compliance and responsible business practices. We remain dedicated to upholding the integrity of international sanctions regimes and contributing to a safer and more secure global business environment.
Should you have any questions or concerns regarding our compliance policies or procedures, please do not hesitate to contact us. We are committed to transparency and open communication with our customers and partners.
Thank you for your continued trust and cooperation.
KGT Kool Graphic Trade B.V.
Websites for sanction information:
Rabobank sanction information (additional information Russia)