1. Policy Statement

J.A.K Energy Solutions Limited is committed to conducting business with the highest standards of integrity, transparency, and ethical conduct. The Company maintains a zero-tolerance approach to money laundering, corruption and terrorist financing in all forms and complies with applicable laws and regulations in all jurisdictions where it operates.

This policy supports the Company’s commitment to sustainable and responsible business practices.

 

2. Scope

This policy applies to all employees, directors, officers, and any third parties acting on behalf of J.A.K Energy Solutions Limited. All personnel are required to comply with the principles outlined herein.

 

3. Key Definitions

Money Laundering: The process of concealing or disguising the origin of illegally obtained funds to make them appear legitimate.

Terrorist Financing: The provision or collection of funds, by any means, intended to support terrorist activities or organizations.

Politically Exposed Persons (PEPs): Individuals who hold or have held prominent public positions, as well as their close associates and family members, who may present higher risk due to their influence.

 

4. Compliance Approach

J.A.K Energy Solutions Limited adopts a risk-based approach to AML/CTF compliance, which includes:

• Know Your Customer (KYC): Verification and understanding of clients and business partners before and during engagements. 

• Due Diligence: Assessment of counterparties to identify and manage potential AML/CTF risks. 

• Transaction Monitoring: Review of transactions to ensure they are consistent with the nature of the business relationship. 

• Reporting Suspicious Activity: Employees are required to report any suspicious transactions or concerns promptly. 

• Regulatory Cooperation: The Company will fully cooperate with relevant regulatory and law enforcement authorities where required. 

 

5. Responsibility

All employees and representatives of J.A.K Energy Solutions Limited are expected to remain vigilant and comply with this policy. Any concerns or suspicions relating to AML/CTF risks must be escalated through appropriate internal channels.

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6. Policy Updates

This policy may be reviewed and updated periodically to reflect changes in applicable laws, regulations, or business operations.