Compliance with Laws and Regulatory Requirements Policy
Purpose
The purpose of this policy is to affirm VENBEST LLC’s commitment to full compliance with allapplicable laws, regulations, and regulatory requirements governing its operations. This includes,but is not limited to, legislation related to security services, data protection, labor law, and otherrelevant legal frameworks.
Scope
This policy applies to all VENBEST LLC perrsonnel, contactors, and visitors across all company locations and operations.
Commitment
VENBEST LLC is committed to:
- Complying with all applicable national and international laws, regulations, and standards relevant to its business activities.
- Maintaining up-to-date knowledge of legal and regulatory changes that affect the company’s operations.
- Ensuring that all employees and contactors understand and adhere to their legal and regulatory obligations.
- Implementing internal controls and procedures to monitor compliance and prevent violations.
- Cooperating fully with regulatory authorities and promptly addressing any compliance issues.
Key Areas of Compliance
- Security Services: Adherence to Ukrainian laws and regulations governing private security activities, licensing requirements, and operational standards.
- Data Protection: Compliance with the Law of Ukraine on Personal Data Protection and relevant international standards such as GDPR where applicable.
- Labor Law: Observance of Ukrainian labor legislation, including fair employment practices, workplace safety, and employee rights.
- Other Relevant Legislation: Compliance with tax laws, environmental regulations, anti-corruption laws, and any other legal obligations applicable to VENBEST LLC.
Roles and Responsibilities
- Management: Ensure that compliance policies are implemented effectively and provide necessary resources.
- Compliance Officer: Monitor legal and regulatory developments, conduct compliance audits, and provide guidance to employees.
- Employees and Contractors: Understand and comply with all applicable laws and company policies; report any suspected violations promptly.
Monitoring and Reporting
- VENBEST LLC will regularly review its compliance status through internal audits and riskassessments.
- Any identified non-compliance will be addressed promptly with corrective actions.
- Employees are encouraged to report compliance concerns through established reporting channels without fear of retaliation.
Training and Awareness
- Provide ongoing training and communication to ensure all personnel are aware of their compliance obligations.
- Update training materials regularly to reflect changes in laws and regulations.
Continuous Improvement
VENBEST LLC is committed to continuously improving its compliance program by incorporating feedback, audit results, and best practices.
Date of Implementation: May 13, 2025
Vadym Olianishyn
General Director
VENBEST LLC