Compliance and Risk Management

No Commercial Urgency Overrides Verification

Compliance is central to the way Dannon Group Petroleum evaluates and coordinates petroleum transactions. Commercial urgency does not override identity verification, authority confirmation, lawful documentation, sanctions controls or responsible risk management.

We reserve the right to decline, suspend or terminate any engagement where information is incomplete, inconsistent, unverifiable or potentially unlawful.

Know Your Counterparty

Before progressing a transaction, we may require:

Certificate of incorporationRegistered office detailsDirectors and authorised signatoriesBeneficial ownership informationTax and regulatory informationCorporate profileProof of business addressGovernment-issued identificationBoard resolution or transaction authorityRelevant licences and permitsBanking informationCommercial references

Authority and Mandate Verification

Dannon Group Petroleum does not knowingly advance transactions based solely on verbal claims, informal introductions or unsupported mandates. We seek reasonable confirmation of:

Seller authorityBuyer authorityMandate scopeProduct ownership or controlRefinery or supplier relationshipSignatory authorityValidity periodTerritorial limitationsTransaction-specific authorisation

Sanctions and Financial-Crime Controls

Counterparties and transactions may be screened against relevant compliance considerations, including:

Applicable sanctions listsPolitically exposed person indicatorsAdverse-media informationAnti-money-laundering risksTerrorist-financing risksFraud indicatorsBribery and corruption concernsUnusual payment instructionsUnexplained intermediariesHigh-risk jurisdictions

Transaction Control Framework

Each opportunity may pass through the following decision stages:

Stage 1 — Opportunity Screening. Initial assessment of the product, parties, market, destination and commercial feasibility.
Stage 2 — Counterparty Verification. Review of corporate identity, beneficial ownership, authorised representatives and business capability.
Stage 3 — Authority and Product Evidence. Assessment of seller authority, mandate documentation, product availability and supporting evidence.
Stage 4 — Commercial Alignment. Confirmation of product specification, quantity, price basis, delivery terms, procedure and performance obligations.
Stage 5 — Banking and Compliance Readiness. Review of the proposed payment structure, banking instrument, financial capability and relevant compliance risks.
Stage 6 — Contract and Logistics Coordination. Alignment of contracts, inspection, shipping, storage, delivery and operational documentation.
Stage 7 — Delivery and Close-Out. Monitoring of performance, reconciliation, record completion and transaction close-out.

Anti-Bribery and Anti-Corruption

Dannon Group Petroleum does not tolerate bribery, kickbacks, undisclosed commissions, improper inducements or unlawful payments. Fees and commissions must be:

Properly disclosed where requiredSupported by written agreementsConnected to legitimate servicesPaid through traceable banking channelsConsistent with applicable lawApproved by authorised parties

Data Protection and Confidentiality

Commercial and personal information is handled with appropriate care and used only for legitimate transaction, compliance and business purposes.

Confidential information is shared only with authorised parties and professional advisers where necessary for the evaluation or execution of an engagement.

Health, Safety, Security and Environment

We expect operational partners to maintain appropriate health, safety, security and environmental standards. Our expectations include:

Competent and properly trained personnelSafe product handlingSuitable operational proceduresSpill-prevention measuresIncident reportingEmergency-response capabilityEnvironmental responsibilityRespect for host communitiesCompliance with applicable maritime, terminal and transportation requirements

Regulatory Position

Dannon Group Petroleum undertakes regulated activities only after obtaining the applicable licences, permits, consents and approvals or through appropriately licensed and authorised counterparties.

Where applicable, activities may require authorisation from the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian Midstream and Downstream Petroleum Regulatory Authority or another competent authority.

Our full compliance standards are set out in our Compliance Statement.

Submit Compliance Documentation