Sanctions Policy
At Zoiko Supply Group Inc., compliance with international sanctions regimes is a non-negotiable pillar of our global supply chain
operations. Operating in the USA, UK, Canada, LATAM, Asia-Pacific, and the Caribbean, we uphold the strictest standards of
sanctions adherence to protect our business, our partners, and the integrity of global trade.
Multi-Jurisdictional Standards
We comply with and require adherence to:
- United States-Office of Foreign Assets Control (OFAC) regulations, U.S. Department of State sanctions programs, Bureau of Industry and Security (BIS) export controls, and extraterritorial/secondary sanctions provisions.
- United Kingdom -Office of Financial Sanctions Implementation (OFSI) and UK Export Control Order 2008.
- European Union- European Union — EU restrictive measures and financial sanctions.
- Canada-Special Economic Measures Act (SEMA), Justice for Victims of Corrupt Foreign Officials Act, and Global Affairs Canada enforcement.
- Asia-Pacific -Australia's Autonomous Sanctions Act 2011, Singapore's Monetary Authority (MAS) sanctions regulations, Japan's Ministry of Economy, Trade and Industry (METI) controls.
- International - United Nations Security Council resolutions, World Customs Organization (WCO) standards, and OECD/FATF recommendations.
- LATAM & Caribbean - National sanctions regimes aligned with international obligations.
Our Commitments
- 1. Zero Tolerance -Office of Foreign Assets Control (OFAC) regulations, U.S. Department of State sanctions programs, Bureau of Industry and Security (BIS) export controls, and extraterritorial/secondary sanctions provisions.
- 2. Screening & Due Diligence -All counterparties, including customers, suppliers, freight forwarders, and customs brokers, are continuously screened against updated sanctions and watchlists.
- 3. Secondary & Indirect Risks- We prohibit dealings designed to evade sanctions, including the use of intermediaries, shell entities, dual-use goods, or transshipment through high-risk jurisdictions.
- 4. Canada-Office of Foreign Assets Control (OFAC) regulations, U.S. Department of State sanctions programs, Bureau of Industry and Security (BIS) export controls, and extraterritorial/secondary sanctions provisions.
- 5. Employee Training-Regular training ensures staff understand sanctions obligations, regional risks, and escalation procedures.
- 6. Auditing & Monitoring -Periodic independent audits validate our sanctions compliance framework, with reports escalated to senior leadership and the Board.
- 7. Escalation Protocols -Suspected breaches trigger immediate review by the Compliance Office, with mandatory reporting to regulators where required.
- 8. Supply Chain Responsibility-All third parties are contractually required to comply with equivalent sanctions obligations; failure results in contract termination.