General Manager approved the company’s Anti-Bribery and Corruption Policy.
Platex Metals Trading LLC (“Platex”) maintains a zero-tolerance approach to bribery and corruption in all forms. The policy outlines our commitment to conducting business ethically, transparently, and in full compliance with all applicable anti-bribery and corruption laws, including the UAE Federal Decree-Law No. 20 of 2018, the UK Bribery Act 2010, and the U.S. Foreign Corrupt Practices Act.
Our Commitment
Platex is committed to maintaining the highest standards of ethical conduct across all business activities and relationships. We prohibit the offering, giving, soliciting, or acceptance of any bribe or corrupt payment—whether direct or indirect—in any form, including cash, gifts, hospitality, facilitation payments, or any other advantage intended to improperly influence a business outcome.
Scope
This policy applies to all directors, officers, employees, contractors, agents, intermediaries, joint venture partners, and any third parties acting on behalf of Platex across every jurisdiction in which we operate.
Key Principles
- Zero Tolerance: Bribery and corruption are strictly prohibited. Violations result in disciplinary action, up to and including termination and legal proceedings.
- Gifts and Hospitality: All gifts, entertainment, and hospitality must be reasonable, proportionate, transparent, and properly recorded. Pre-approval is required above defined thresholds.
- Facilitation Payments: Platex prohibits all facilitation payments, regardless of local custom or practice.
- Third-Party Due Diligence: All agents, intermediaries, and business partners undergo risk-based due diligence before engagement and are subject to ongoing monitoring.
- Political and Charitable Contributions: Donations and sponsorships must be transparent, lawful, and never used to gain improper advantage.
- Accurate Record-Keeping: All transactions and payments are accurately and completely recorded in our books and financial systems.
Reporting and Governance
All employees and associates are encouraged to report suspected or actual instances of bribery or corruption through our confidential reporting channels, without fear of retaliation. The Compliance Officer oversees enforcement, training, and periodic review of this policy.