Porsaz Construction Company
1. Commitment to Legal and International Compliance
Porsaz Construction Company conducts its business in full compliance with all applicable national and international laws and regulatory frameworks. We are committed to operating with integrity, transparency, and accountability in all projects, particularly those involving international clients, embassies, and foreign institutions.
2. Sanctions Compliance Policy
Porsaz maintains a strict zero-tolerance policy regarding engagement with sanctioned individuals or entities.
2.1 SDN and Restricted Parties Screening
Porsaz shall not enter into any contract, agreement, financial transaction, or cooperation with:
- Individuals or entities listed on the Specially Designated Nationals (SDN) List;
- Parties included on any Non-SDN sanctions lists;
- Entities subject to sectoral sanctions or asset freezes;
- Organizations owned or controlled, directly or indirectly, by sanctioned persons.
Sanctions lists considered include, but are not limited to:
- European Union Consolidated Sanctions List
- Relevant international sanctions registers
- Other applicable governmental restricted party lists
2.2 Due Diligence and Monitoring
- Porsaz conducts appropriate due diligence and screening procedures for clients, suppliers, subcontractors, consultants, and financial intermediaries.
- Screening is performed prior to engagement and may be repeated during project execution where necessary.
- Any identified sanctions risk will result in immediate review, suspension, or termination of engagement.
2.3 Ongoing Compliance
All employees and representatives must immediately report any suspected sanctions exposure or compliance risk. Failure to comply with sanctions regulations may result in disciplinary action and termination of contract.
3. European Union (EU) Regulatory Compliance
For projects involving EU-based institutions, embassies, or EU-funded contracts, Porsaz:
- Adheres to all applicable EU regulations and compliance requirements;
- Ensures procurement transparency and financial accountability;
- Maintains documentation suitable for audit and regulatory review;
- Complies with EU anti-corruption and anti-bribery directives.
Porsaz is committed to aligning its governance standards with internationally recognized compliance frameworks.
4. Confidentiality and Non-Disclosure (NDA)
Porsaz recognizes the importance of safeguarding confidential information.
- All project-related, technical, commercial, and financial information is treated as strictly confidential.
- Employees, consultants, and subcontractors may be required to sign a formal Non-Disclosure Agreement (NDA) prior to accessing sensitive information.
- Confidential information shall not be disclosed to third parties without prior written authorization.
- Confidentiality obligations remain binding beyond the completion of a project or termination of employment or contractual engagement.
5. Enforcement and Responsibility
All personnel representing Porsaz are responsible for understanding and complying with this policy.
Violation of sanctions laws, including SDN and Non-SDN restrictions, or breach of confidentiality obligations may result in disciplinary measures, termination of agreements, and potential legal consequences under applicable law.