V20260630
For New Counterparties
SOCAR Trading Group
Tel: +41 22 562 00 00
www.socartrading.com
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SOCAR TRADING
KYC Onboarding Questionnaire
V20260630
As part of due diligence process, SOCAR Trading Group requires all new counterparties to complete this mandatory Onboarding Questionnaire (“Questionnaire”). Please ensure that all relevant sections are duly completed, and the documents requested in Section 9 are submitted. Should you have any questions regarding this Questionnaire, please contact the KYC Department at kyc@socartrading.com.
1. Company’s Details:
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SOCAR TRADING
KYC Onboarding Questionnaire
V20260630
2. Legal Status of the Company and Ownership Details:
Please check all applicable boxes and identify, using full legal names, all natural persons who ultimately own or control, directly or indirectly, 10% or more of the shares or voting rights of the Company.
2.1 Physical shareholders of the company: In case no physical persons directly or indirectly holds 10% of the Company’s shares or voting rights, please indicate any person that otherwise exercises control over the Company, including by means of exercising control over the management of the Company. If no such person exists, please indicate the senior management of the company, overseeing and responsible for day-to-day decisions of the Company. Include full names, country of domicile and citizenships of each person.
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SOCAR TRADING
KYC Onboarding Questionnaire
V20260630
3.1 Name & contact details of the principal point of contact for administrative and KYC issues:
3.2 Name & contact details of the principal point of contact for finance issues:
Note: This is the contact that is authorised to verify payment instructions.
3.3 Trader authorised to transact business on your behalf with us:
3.4 Authorised signatory:
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4. ESG performance:
SOCAR Trading values just, responsible, and ethical ways of doing business and therefore expects this from its stakeholders. Please note that, at this stage, an absence of the document mentioned in this section or “No” answers to the questions below do not prevent us from doing business with the party completing the Questionnaire.
| I. Does the Company have an ESG/Sustainability report? | |
| II. Does the Company integrate ESG practices in its supply chain? (e.g., grievance mechanism, anti-bribery & corruption and anti-money laundering practices, etc.) | |
| III. Does the company monitor, calculate & report GHG emissions associated with its activities? | |
| IV. Does the Company have policies in place to ensure adherence to Health, Safety, Environment, Human rights and Communities’. Does laws (“HSEC Laws”) | |
| V. Does your organisation have policies and procedures in place to prevent child labour and modern slavery within your operations and supply chain in compliance with internationally recognized standards (including those established by the ILO Conventions, ILO-IOE Child Labor Guidance Tool for Business, OECD Due Diligence Guidance for Responsible Business Conduct)? | |
| VI. Have any risks related to child labour or modern slavery been identified within your operations or supply chain during the application of these policies and procedures? If so, please provide details on the identified risks and the measures taken to address them. | |
| VII. Please provide a detailed account of the identified risks and concerns |
5. Sanctions:
| I. Does the Company operate in, or has business exposure to the countries or regions that are subject to comprehensive sanctions programs administered by the United States of America, the European Union, the United Nations, or the United Kingdom? | |
| [ I.Yes ] - Please specify the nature of your exposure. Indicate the region or regions you are exposed to and indicate % of Revenue / COGS this exposure represents by region | |
| II. Does your Company have formally documented Sanctions policy? | |
| III. Does your Company screen counterparts for Sanctions? | |
| [ III.NO ] Please Confirm if the company complies with US, EU, UK and Swiss sanctions in force YES/NO | |
| [III.NO- YES ] Please provide an explanation as to how compliance with US, EU, UK and Swiss sanctions is achieved in absence of screening of counterparties | |
| IV. Has the Company, any entity within its corporate group, or any of its directors, owners or members of senior management, ever faced fines, charges, convictions, or prosecutions, or are currently subject to any ongoing investigations or enquiries by a public authority, in relation to sanctions laws and regulations in any jurisdiction? | |
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If answered Yes, please provide full details:
Please provide particulars of any fines, charges, convictions, prosecutions, or ongoing investigations, including: the nature of the matter, the jurisdiction(s) involved, the relevant authority, the outcome (or current status if ongoing), and any remedial measures taken by the Company.
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6. Related Party Affiliations Disclosure:
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I. To the best of your knowledge, are any owners, beneficial shareholders, directors, or senior employees of the Counterparty: (a) currently or formerly employed by, or serving in any capacity within, SOCAR Trading SA or any entity within the SOCAR Group of Companies ("SOCAR Group"); or (b) an immediate relative (spouse, parent, sibling, or child) of a current or former employee, officer, or director of the SOCAR Group?
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If answered Yes, please provide full details:
Please provide full particulars of the affiliation(s) identified, including the name(s) of the individual(s) concerned, their role within the Counterparty, and their current or former position or relationship within the SOCAR Group.
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SOCAR TRADING
KYC Onboarding Questionnaire
V20260630
7. Company’s Banking Details:
8. Declaration
We hereby certify that we have all the necessary powers and are duly authorised to undertake trading with SOCAR Trading Group and that all required procedures for authorising and nominating the personnel empowered to trade have been completed.
We confirm that we will provide you with such financial and other relevant information required for the purpose of your due diligence, as you may reasonably require from time to time, including a copy of our annual audited report. We acknowledge that if we are granted any credit facility by you, as a continuing condition of such a facility being provided, we will provide, on request, such additional information as you may reasonably require. We acknowledge that any credit facility granted by you is extended on a wholly uncommitted basis and that it may be withdrawn by you without prior notice.
We understand that you are relying on this information (including the documentation enclosed). We confirm that such information is complete, accurate and up to date. We agree to notify you promptly in writing should there be any change.
Signed for and on behalf of the Company:
Authorised Signatory
Name:
Title:
Date:
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SOCAR TRADING
KYC Onboarding Questionnaire
V20260630
9. Documents to be Enclosed
All documents listed below are mandatory and must be submitted together with the completed Questionnaire to kyc@socartrading.com. Incomplete submissions may result in significant delays to the onboarding process. Where any document is unavailable, a written explanation of its absence must be provided in its place.
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Enclosed |
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I. Legal Entity Verification
An official document issued by a competent authority within the last 12 months confirming all of the following information: the Company's full legal name, registered legal address, date of incorporation, and the names of current authorised legal representatives. All of the above information must be collectively evidenced across the documents provided. By way of example, an extract from the Commercial Register or a Certificate of Incumbency may satisfy this requirement where they contain all required information.
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II. Memorandum and articles of incorporation
A copy of the memorandum and articles of incorporation or your local equivalent showing the Company's purpose and/or authorised activities.
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III. Beneficial Ownership Structure
Documentation dated within the last 12 months evidencing the full ownership chain from the Company up to every natural person holding, directly or indirectly, 10% or more of the shares or voting rights. Where no such person exists, identify whoever otherwise exercises ultimate control. By way of example, a share certificate or certified shareholder register may serve this purpose.
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IV. Identity Documents of Beneficial Owners and/or Controlling Persons
A copy of a valid government-issued identity document (passport or national identity card) for each natural person identified in Section 2.1.
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V. Latest financial statements
A copy of the most recent audited financial statements. Where the Company is newly incorporated, has limited standalone financials, or where additional context would assist in demonstrating financial substance or track record, any supporting documentation such as consolidated group or parent company financials is also welcome.
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VI. Recommendation letter from the bank
Stating years of collaboration and turnover on the account for the last year.
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VII. ESG / Sustainability report
The most recent version of the Company's ESG/Sustainability report or equivalent document, if available.
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VIII. Group chart
If the Company is part of a group, provide a group chart reflecting the full corporate structure. The chart must be dated and bear the authorised signature of a legal representative of the Company.
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IX. Code of Conduct
The Company's Code of Conduct.
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