Anti-Corruption and Business Ethics Policy

Anti-Corruption and Business Ethics Policy

ProjexOne General Trading LLC is committed to the highest standards of integrity and transparency in all its business dealings. This policy sets forth our zero-tolerance stance on corruption, bribery, and unethical conduct, whether committed on behalf of or in the interests of the company.

  • Scope of the Policy

    • This policy applies to:

      • All employees (permanent, temporary, or contractual)

      • Agents, consultants, suppliers, and third-party business partners

      • Subsidiaries and joint ventures under the company’s operational control

  • Prohibited Conduct

    • We strictly prohibit the following activities:

      • Offering, giving, soliciting, or receiving bribes or kickbacks

      • Facilitating payments to expedite routine procedures

      • Using third parties to engage in corrupt practices on our behalf

      • Providing gifts, hospitality, or entertainment with the intent to improperly influence decision-making

  • Gifts and Hospitality

    • Gifts and hospitality must:

      • Be of nominal value

      • Be lawful and culturally appropriate

      • Not be offered during tenders, negotiations, or approvals

    • All gifts above [Insert threshold, e.g., AED 500] must be declared and approved by management.

  • Reporting and Whistleblowing

    • Employees and stakeholders are encouraged to report suspected violations confidentially by emailing: compliance@projexone.com

    • ProjexOne ensures no retaliation against any individual who reports concerns in good faith.

  • Training and Awareness

    • All staff will undergo annual compliance training. New employees must review and acknowledge this policy as part of onboarding.

  • Compliance and Monitoring

    • We conduct periodic reviews and audits to ensure compliance with this policy. Any breach may result in disciplinary action, including termination and legal prosecution.

  • Legal Framework

    • This policy aligns with:

      • UAE Federal Law No. 3 of 1987 (Penal Code)

      • UAE Anti-Commercial Fraud Law

      • International anti-corruption frameworks (e.g., UN Convention Against Corruption)

  • Policy Review

    • This policy is reviewed annually by the Compliance Team and updated as needed to reflect legal and regulatory developments.

Approved by:
Hassan Elzanati
      Managing Partner, ProjexOne General Trading LLC
      Published: 25/02/2024
      Reviewed: 05/05/2025