Compliance Policy

Homepage Compliance Policy

Ashdod Refinery is committed to promoting and maintaining fair and transparent business activity towards all of its stakeholders, employees, customers, business partners and other groups in accordance with the highest ethical and professional standards. As part of these principles, the Company has adopted a compliance program to prevent corruption, money laundering and violations of sanctions and a zero-tolerance policy towards bribery, corruption, conflict of interest and integrity, that undermine fair competition or expose the company to significant risks.

Furthermore, as a company with international business activities, the Company is committed to complying with local and global laws that require proper and transparent business activity.

As part of this commitment, the Company has adopted a policy for the prevention of bribery and corruption, prohibition of money laundering and violations of sanctions to help its stakeholders, employees, its customers and business partners to be aware of and fully comply with the laws and regulations and the Company’s guiding principles that prohibit the giving or receiving of bribes.

Below are the Company’s statements:

  • Anti-Bribery and Corruption Statement –

The Company prohibits providing (or offering to provide), directly or indirectly, improper or unlawful benefits, payments or gifts to a particular party, including public employees and government officials, in order to obtain or retain the Company’s business, obtain a commercial advantage, or receive preferential treatment, anywhere in the world.

  • Anti-Money Laundering Statement –

The Company will comply with all applicable laws and regulatory requirements relating to the struggle against money laundering and terrorist financing, and will not enter into business relationships with any person or entity that the Company knows or is aware of circumstances that give rise to a likely probability that such relationship may lead to money laundering or terrorist financing.

  • Sanctions Regime Statement –

The Company is committed to strict compliance with relevant sanctions regimes and export control laws, including those of the State of Israel and the United States, as such may be from time to time. The Company will examine each relevant customer, partner, potential customer and transaction to ensure compliance with applicable sanctions regimes.

Click here for the Company’s Compliance Program