Dannon Group Petroleum & Energy
Offshore oil rig illuminated at night

Compliance and Risk Management

No Commercial Urgency Overrides Verification

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

Compliance Centre

Compliance Is Part of the Transaction

We reserve the right to decline, suspend or terminate any engagement where information is incomplete, inconsistent, unverifiable or potentially unlawful. Compliance is evaluated across eight areas, set out below.

01

KYC / KYB

  • Certificate of incorporation
  • Registered office details
  • Directors and authorised signatories
  • Tax and regulatory information
  • Corporate profile
  • Proof of business address
  • Government-issued identification
  • Relevant licences and permits
  • Banking information
  • Commercial references
02

Beneficial Ownership

  • Beneficial ownership information
  • Board resolution or transaction authority
03

AML / CFT

  • Anti-money-laundering risks
  • Terrorist-financing risks
  • Unusual payment instructions
  • Unexplained intermediaries
04

Sanctions Screening

  • Applicable sanctions lists
  • High-risk jurisdictions
05

PEP Review

  • Politically exposed person indicators
06

Anti-Bribery & Corruption

  • Bribery and corruption concerns
  • Properly disclosed where required
  • Supported by written agreements
  • Connected to legitimate services
  • Paid through traceable banking channels
  • Consistent with applicable law
  • Approved by authorised parties
07

Fraud Prevention

  • Fraud indicators
  • Adverse-media information
08

HSSE

  • Competent and properly trained personnel
  • Safe product handling
  • Suitable operational procedures
  • Spill-prevention measures
  • Incident reporting
  • Emergency-response capability
  • Environmental responsibility
  • Respect for host communities
  • Compliance with applicable maritime, terminal and transportation requirements

Authority and Mandate Verification

Dannon Group Petroleum & Energy 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

Transaction Control Framework

Each opportunity may pass through the following decision stages:

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

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.

Regulatory Position

Dannon Group Petroleum & Energy 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