As a company that operates in an ethically and legally correct manner, Acacia Energy Group's image and reputation is inseparable from the appropriate conduct of each of its employees. Acacia’s employees are expected to respect laws and standards, avoid conflicts of interest, and show consideration and appreciation for the local customs, traditions and social behaviors of the various countries and cultures in which Acacia conducts business. Acacia does not take ethical shortcuts. Improper conduct is never in Acacia’s interest and violations are not tolerated. Compliance is an integral component of Acacia’s business processes.
Acacia Energy Group is a petroleum products and commodities trading company, and it is a subject to oversight from many regulatory authorities worldwide. Acacia conducts all its business in compliance with all applicable domestic and international laws and regulations in the jurisdictions in which it operates. The uncompromising commitment and rigorous focus to a full compliance is the key to Acacia’s successful operations.
Acacia has a global reputation for its strong Compliance Policy, and expects its employees, customers, partners and other counterparts be fully responsible for compliance. In addition to the Corporate Compliance Policy, Acacia’s Code of Conduct serves as a framework of our continued commitment to ensure that all employees and counterparts maintain the highest level of integrity, honesty and compliance responsibility.
Acacia strives to be proactive and open with all regulatory agencies globally and addresses any changes in compliance standards and regulations in a timely manner. In addition to the health and safety, insurance, emissions and environmental control regulations, ASTM and GOST product standards, Acacia’s business activity is affected by statutes and regulations of the Bank Secrecy Act (BSA), the USA PATRIOT Act, the criminal Anti-Money Laundering (AML) statutes, the international trade and sanctions programs administered by the Office of Foreign Assets Control (OFAC), and the requirements of the Foreign Corrupt Practices Act (FCPA).
To ensure compliance with complex and constantly evolving regulatory environment, Acacia Energy Group maintains rigorous corporate protocols and a strict Compliance Policy. In order to support its Corporate Compliance Program, Acacia has in place a comprehensive Know Your Customer Policy (KYC) that determines procedures of business dealings, conduct and due diligence to assure that any counterpart Acacia may work with is a legitimate business and not the subject of investigations for criminal activity, or the subject of legal sanctions.
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Acacia Energy Group is proud to fund The Acacia Humanitarian Trust as part of our humanitarian efforts. The Trust is used to finance efforts and projects related to health care, education, community improvements and business incubators for entrepreneurs and job creation. Charitable projects are funded totally on needs basis and done so without consideration to religion, politics, or ethnicity.