At Reekaz Ltd., we are committed to conducting our business with integrity, transparency, and accountability. We uphold a zero-tolerance policy toward bribery and corruption in all forms and are dedicated to complying with all applicable anti-bribery and corruption laws and regulations. This statement outlines our commitment to ethical business practices and our expectations for employees, business partners, and stakeholders.
1. Zero Tolerance for Bribery & Corruption
Reekaz Ltd. strictly prohibits bribery, corruption, and any form of unethical inducement in business transactions.
We do not offer, give, solicit, or accept bribes, kickbacks, or any improper payments to gain business advantages.
This policy applies to all employees, directors, contractors, suppliers, and any third parties acting on our behalf.
2. Compliance with Laws & Regulations
We adhere to all national and international anti-bribery and corruption laws, including the UK Bribery Act, the U.S. Foreign Corrupt Practices Act (FCPA), and local regulations governing our operations.
Employees and business partners are expected to understand and comply with these legal requirements to avoid any violations.
3. Prohibited Practices
Bribery: Offering, giving, receiving, or soliciting anything of value to influence a business decision.
Kickbacks: The return of a portion of money or benefits in exchange for securing business deals.
Facilitation Payments: Small payments made to expedite routine government actions or processes, which are strictly forbidden.
Gifts & Hospitality: Excessive or inappropriate gifts, entertainment, or hospitality intended to influence decision-making.
Conflict of Interest: Engaging in personal business activities that may conflict with company interests.
4. Gifts, Hospitality & Business Entertainment
Reasonable business gifts and hospitality may be acceptable if they are modest, lawful, and do not create an obligation or expectation.
Employees must report any gifts or hospitality received that exceed a reasonable threshold.
Any gifts, entertainment, or donations that could be perceived as bribes must be declined.
5. Third-Party Due Diligence
Reekaz Ltd. conducts thorough due diligence on all business partners, agents, and suppliers to ensure they uphold ethical standards.
Any partner found engaging in bribery or corrupt practices may have their contracts terminated.
We require third parties to agree to and comply with our anti-bribery and corruption policy.
6. Employee Responsibilities
All employees are responsible for understanding and adhering to this policy in their daily activities.
Employees must immediately report any suspected bribery, corruption, or unethical behavior to management. Training and awareness programs will be provided to ensure employees understand their responsibilities.
7. Reporting Violations & Whistleblower Protection
Any concerns regarding bribery or corruption can be reported confidentially through our internal whistleblowing channels.
Employees who report concerns in good faith will be protected from retaliation.
All reports will be thoroughly investigated, and necessary actions will be taken against violators.
8. Consequences of Violations
Engaging in bribery or corruption can result in severe consequences, including disciplinary action, dismissal, legal penalties, and reputational damage.
Violations of anti-bribery laws can lead to heavy fines, criminal charges, and imprisonment for individuals and corporate liability for the company.
9. Commitment to Ethical Business Conduct
Reekaz Ltd. is committed to fostering a culture of integrity and ethical business conduct.
We continuously review and strengthen our policies to align with best practices and legal requirements.
We expect all employees and business partners to uphold the highest standards of honesty, fairness, and professionalism.
At Reekaz Ltd., we believe that ethical business practices are essential to our long-term success and reputation.
We remain vigilant in preventing bribery and corruption in all its forms and encourage our employees and partners to uphold the same values.