Building Trust, Safeguarding Futures
Welcome to Petro Trading Ltd, where integrity and reliability are the cornerstones of our operations. In the complex world of global trading, we understand the critical importance of robust due diligence. This page serves to affirm our unwavering commitment to transparency, compliance, and responsible business practices. We're here to answer your most important question: 'Can we safely do business with a potential partner?
Our bedrock of compliance
At Petro Trading Ltd, compliance is not optional; it's fundamental to everything we do. Our comprehensive due diligence framework is deeply embedded in our daily operations, going beyond mere box-ticking. We meticulously align our practices with international standards and regulatory expectations, including those set by FATF, the EU AML Directives, UN, and OFAC, ensuring we consistently meet and exceed industry best practices.
Proactive risk mitigation
We take an active and rigorous approach to managing AML (Anti-Money Laundering) and sanctions risks. Our system incorporates systematic checks on companies, Ultimate Beneficial Owners (UBOs), individuals, and vessels. We leverage trusted intelligence sources such as World-Check, sanctions lists, PEP databases, and adverse media screenings to identify potential risks. A robust risk-based approach allows us to escalate to Enhanced Due Diligence (EDD) where required, ensuring thorough scrutiny for higher-risk cases. Our clear identification and verification of UBOs guarantees full transparency in ownership structures.
Securing every transaction, understanding maritime specifics
Our due diligence framework is designed not only to protect Petro Trading Ltd but also to safeguard all our counterparties. By preventing exposure to sanctioned parties, illicit finance, reputational damage, and regulatory breaches, we ensure a secure transaction chain for everyone involved. We possess a deep understanding of maritime and trading-specific risks, conducting thorough vessel checks including ownership, flag, trading history, and sanctions exposure. We also employ ongoing monitoring, continuously updating our information on counterparties and vessels to manage risk over time. This meticulous internal oversight, with dedicated personnel reviewing findings and maintaining audit-ready records, positions Petro Trading Ltd as a reliable, bankable, and long-term partner, prepared for bank onboarding, audits, and regulatory scrutiny. Our standardised processes ensure consistent quality, confidentiality, and uninterrupted service, making us a safe and professional counterparty that takes compliance as seriously as you do.