Compliance & Ethics
Integrity at the Core of Every Transaction
In an industry where trust is everything, Traduco's compliance framework is not a box-ticking exercise — it is the foundation on which every business relationship is built.
Why Compliance Matters in Petroleum Trading
The global petroleum trading industry operates across complex jurisdictions, involves large financial flows, and is subject to extensive international sanctions and regulatory frameworks. Maintaining the highest standards of compliance is not optional — it is essential for protecting our clients, our counterparties, and the integrity of the markets we operate in.
Our Framework
Six Pillars of Compliance
Anti-Money Laundering (AML)
We apply rigorous AML controls across all transactions, including enhanced due diligence on counterparties, transaction monitoring, and suspicious activity reporting in accordance with Dutch and EU AML regulations.
Sanctions Compliance
We screen all counterparties, vessels, and jurisdictions against EU, UN, OFAC, and UK sanctions lists before executing any transaction. Our sanctions compliance programme is reviewed and updated continuously as regulatory requirements evolve.
Anti-Bribery & Corruption
Traduco has a zero-tolerance policy for bribery and corruption in all forms. Our anti-bribery programme is aligned with the UK Bribery Act and Dutch criminal law, and covers all employees, agents, and third-party representatives.
Know Your Customer (KYC)
All new counterparties undergo a comprehensive KYC process before any business is conducted. This includes verification of legal identity, beneficial ownership, source of funds, and business purpose.
Trade-Based Money Laundering
We are alert to the specific risks of trade-based money laundering in commodity trading, including over- and under-invoicing, multiple invoicing, and falsely described goods. Our documentation controls are designed to detect and prevent these schemes.
Regulatory Reporting
We maintain full compliance with all applicable reporting obligations, including EMIR trade reporting, VAT and customs documentation, and country-specific import/export licensing requirements.
Registrations
Registrations & Certifications
Traduco Oil & Gas Global Solutions (TGS) BV is registered and operates in full compliance with Dutch and EU regulatory requirements.
Fraud Warning
Traduco Oil & Gas Global Solutions (TGS) BV is aware of fraudulent schemes in which third parties impersonate our company to solicit advance payments, fees, or personal information. We will never request advance payment of taxes, fees, or charges as a condition of releasing funds or completing a transaction. If you have received a communication purporting to be from Traduco that requests such payments, please contact us immediately to verify its authenticity.
Report FraudCompliance Enquiries
For compliance-related enquiries, counterparty due diligence requests, or to report a concern, please contact our compliance team directly.
Contact Compliance Team