SANCTIONS COMPLIANCE POLICY

1. Purpose

This Policy provides a framework to mitigate sanctions-related risk and ensure compliance with applicable sanctions (UAE, UN, EU, US).

3. What Are Sanctions?

Restrictive measures targeting countries, individuals/entities, or sectors/goods to counter risks like terrorism financing or human rights abuses.

4. Policy Statement

EG Automotive does not conduct, facilitate, or support transactions that would breach sanctions laws, including those involving sanctioned countries, individuals, or restricted goods.

5. Prohibited Activities

  • Direct or indirect dealings with sanctioned persons/entities.
  • Exporting/supplying goods to restricted regions.
  • Payments involving sanctioned parties.
  • Circumvention of restrictions.

6. Due Diligence and Compliance Measures

We apply a risk-based compliance program including screening customers/suppliers, checking beneficial ownership, and maintaining records.

8. Consequences of Non-Compliance

Violations may result in disciplinary measures, termination of business relationships, and legal penalties.

Last Updated: May 2025