Closed folders and a fountain pen on a desk under a lamp

Governance and compliance

Governanceyou canverify

Trust in a trading company rests on how it is owned, how it is regulated and how it conducts its business. Here is how we approach each.

At a glance

DMCC licence: DMCC-796527
Financial statements: Audited annually under IFRS
Sanctions screening: Counterparties, vessels and cargoes
Ownership: Owner managed

Energy trading and services

DMCC

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Glass office towers in a Gulf business district at dusk

Ownership and management

Clear ownership, direct accountability

Atlantean Energeia International DMCC is wholly owned by its founder, Mr Dimitrios Karamanos, who is also the manager of the company. Ownership and accountability are not separated by holding structures or intermediaries.

Regulation

Registered in DMCC

The company is registered with the DMCC Authority under licence number DMCC-796527 and operates under the laws of the Emirate of Dubai and the United Arab Emirates.

Its annual financial statements are prepared under International Financial Reporting Standards and audited by independent auditors registered in the United Arab Emirates.

Compliance

How we manage compliance

Counterparty due diligence

Before entering a relationship we establish the identity, ownership and standing of the counterparty and the origin of the oil and of the funds involved. We review this information periodically.

Sanctions

We screen counterparties, vessels and cargoes against the sanctions that apply to our business. We do not trade with sanctioned parties or in cargoes of sanctioned origin.

Anti bribery and corruption

We do not offer, give or accept bribes, facilitation payments or improper advantages, directly or through others.

Anti money laundering

Payments are made through regulated banks and correspond to documented transactions. We do not accept cash or payments from unrelated third parties.

Records

We keep complete records of each transaction, including contracts, shipping documents, inspection certificates and payment records.

Confidentiality

Commercial information received from counterparties is used only for the transaction concerned.

Raising a concern

If you have a concern about the conduct of the company or anyone acting on its behalf, please contact us. Concerns are reviewed by management and handled in confidence.