
POLICIES & CERTIFICATES
Legal information and resources
Prevention of money laundering policy and compliance with international sanction policy

Updated 2024-01-01
Internationally trading companies face an increasing risk of financial crimes and International Sanctions or trade restrictions violation. To stay compliant, we have to choose our business partners responsibly. Therefore, we are pleased to inform TELTONIKA Group companies (including, but not limited to UAB TELTONIKA IoT GROUP, UAB TELTONIKA TELEMATICS, UAB TELTONIKA NETWORKS, UAB TELTONIKA TELEMEDIC, UAB TELTONIKA EMS, UAB TELTONIKA ENERGY and all our controlled companies worldwide, hereinafter collectively referred to as “TELTONIKA”, “we”, “us” and “our”) have established the Prevention of Money Laundering/Terrorist Financing and compliance with International Sanctions policy, reducing the possibility of being used as a channel for Money Laundering (ML) and Terrorist Financing (TF), and to comply with International Sanctions in our business practice.
This Policy is a part of the TELTONIKA Compliance process by which we are seeking to:
identify and manage Money Laundering/Terrorist Financing/International sanctions violation risk to which TELTONIKA Group companies might be exposed, including risk to reputation,
protect TELTONIKA Group companies from being exploited as a channel for Money Laundering, Terrorist Financing, and circumvention of trade restrictions,
ensure that TELTONIKA Group companies are compliant with legislative/regulatory provisions of their operating jurisdictions in the field of Money Laundering/Terrorist Financing/International sanctions,
develop an appropriate internal control to detect and report suspicious transactions.
This Policy applies worldwide to all TELTONIKA Group companies and their employees, including, but not limited to, CEOs, VPs, officers, and anyone working on behalf of TELTONIKA Group companies. All employees are expected to act with integrity and responsibility.