Compliance

Compliance is the responsibility of every employee at Mercuria. Mercuria conducts all of its activities in compliance with local and international laws and regulations. The management team at Mercuria has very high expectations of all of our people when it comes to Compliance, and we strive to set and to comply with market and industry best practices over and above the law wherever possible.

We expect the partners that we work with in all of our businesses to operate to international standards in all areas and to make public our commitment to full compliance with our Code of Conduct. 

In addition to local and international laws, Mercuria is subject to physical, financial and environmental regulations in all of the countries in which it trades and operates. Mercuria strives to work in a proactive, open and co-operative manner with all of its regulators around the globe. To ensure that we are compliant with the many laws and regulations applicable to us Mercuria has an extensive Compliance Programme that is mandated and fully endorsed by Mercuria’s management team and implemented and overseen by the Mercuria Compliance team.

The Code of Conduct serves as the hallmark of Mercuria’s commitment to ensuring that all employees maintain the highest level of integrity and transparency in the performance of their individual and collective roles and responsibilities.

Integrated with our vision and our expectation of compliance, Mercuria creates a framework to guide its business conduct around the globe through its employee training, and an internal system of governance policies; .

Focus on KYC

As one of the largest traders in physical commodities, Mercuria has a reputation for the strong, consistent manner in which it conducts the logistics of its business. Coupled with this is our ability to work collaboratively with our customers and partners.

Key to these effective partnerships is our insistence on a prudent “Know-Your-Counterparty” (KYC) evaluation prior to execution of any contract or formal business engagement. In so doing, we seek to take a measured and conservative approach to managing our risk.

Our KYC evaluation is multi-faceted, designed to understand our counterparty’s commercial strength and compliance standing and incorporate our own sense of ethics into our assessment.

Similarly, Mercuria prudently follows a program to conduct appropriate Due Diligence prior to entering into any investments, acquisitions or joint ventures.

Mercuria does business’s world-wide, and we recognize the challenges that can arise in sourcing materials in or near areas affected by conflict, lawlessness, corruption or other distybilizing conditions. In this regard, Mercuria has implemented procedures that allow us to conduct various degrees of enhanced due diligence in all our business dealings in or around these jurisdictions. In particular, Mercuria seeks to regularly investigate its commodities supply chain to help ensure that Mercuria in no way contributes to human rights abuses, violence or exploitation in conflict-affected areas. Further, within this framework, Mercuria applies its due diligence to ensure that any counterparties we may work with are not the subject of legal sanctions.