General Manager approved the company’s Anti-Fraud Policy.
Platex Metals Trading LLC (“Platex”) is committed to conducting business with the highest standards of honesty and integrity. We maintain a zero-tolerance approach to fraud, theft, dishonesty, and financial misconduct in any form, whether committed by employees, officers, contractors, suppliers, or any other party associated with our business.
Our Commitment
Platex actively works to prevent, detect, and respond to fraud and financial irregularities. We maintain robust internal controls, segregation of duties, and oversight mechanisms to safeguard the company’s assets and reputation.
Key Principles
- Zero Tolerance: Fraud, embezzlement, misappropriation of assets, falsification of records, and any act of financial dishonesty are strictly prohibited and will be subject to disciplinary action and, where appropriate, criminal prosecution.
- Internal Controls: We maintain comprehensive financial controls, including segregation of duties, authorisation limits, regular reconciliations, and management oversight to prevent and detect fraudulent activity.
- Risk Assessment: We conduct periodic fraud risk assessments to identify areas of vulnerability and implement appropriate preventive and detective controls.
- Due Diligence: We perform thorough due diligence on business partners, suppliers, and counterparties to minimise exposure to fraud risk in our commercial relationships.
- Investigation and Response: All suspected fraud is investigated promptly, thoroughly, and impartially. Confirmed fraud is subject to disciplinary action and reported to relevant authorities as required by law.
- Awareness and Training: All employees receive fraud awareness training to help them identify red flags, understand their responsibilities, and know how to report suspicions.
Reporting
Employees and stakeholders who suspect or detect fraud are required to report their concerns immediately through our confidential reporting channels. Platex guarantees protection against retaliation for those who report in good faith.