ASFT brings together experienced leaders in energy commodities trading with core competencies in key areas of market operations and support functions designed to deliver efficient and compliant services at every stage of the supply chain.
Comprehensive Compliance Program
Our comprehensive compliance program reflects our commitment to excellence in all aspects of our business.
- Strong leadership participation
- Proactive risk management guidelines
- Effective internal parameters
- Constant evaluation and improvement
- Continuously educating our team
- Sanctions compliance
These key elements sync to create a foundation of operating practices that guides our daily decision-making process. The commitment to compliance runs through all levels of our organization from trading to legal to finance and operations.
Sanctions Risk Management
Our approach to sanctions risk management is integrated into our overall compliance framework.
Regular risk assessments are conducted to identify and mitigate potential sanctions risks in our operations, supply chains, and customer base. Internal controls include robust screening of all parties involved in our transactions against relevant sanctions lists. Transaction monitoring, clear escalation procedures, and comprehensive record-keeping practices are part of the framework. “Know your customer” (KYC) and “Know your customer’s customer” (KYCC) procedures are implemented. We leverage advanced technology to support our sanctions screening and compliance efforts, ensuring efficient and accurate monitoring of our business activities.
Active Leadership Involvement
The Board of Directors and External Advisors provide oversight, ensuring compliance considerations are integrated into all levels of business operations. Procedures are regularly reviewed and updated to ensure they remain effective in the face of evolving sanctions regimes and the changing business landscape.