Sanction Policy

Policy Statement

Team Cloudsource as a marketing agency based in Malaysia, is dedicated to complying with all relevant sanctions laws and regulation applicable in Malaysia and internationally. We are committed to conducting our business with integrity and in adherence to ethical standards.

Scope

This policy applies to all employees, contractors, and agents of Team Cloudsource involved in marketing activities, including but not limited to advertising, content creation, and client relations.

Legal Framework

Team Cloudsource will comply with sanctions laws and regulations imposed by the Malaysian government, as well as any international sanctions regimes applicable to our business activities.

Risk Assessment

Team Cloudsource will conduct regular risk assessments to identify and mitigate any sanctions-related risks associated with our marketing activities, including client engagement, content creation, and advertising placement.

Prohibited Activities

Employees of Team Cloudsource are prohibited from engaging in any marketing activities that involve sanctioned individuals, entities, or countries, or that could facilitate sanctions evasion. This includes targeting audiences in sanctioned jurisdictions, promoting sanctioned products or services, or entering into business relationships with sanctioned entities.

Screening Procedures

Team Cloudsource will implement screening procedures to ensure that marketing campaigns, content, and target audiences are not in violation of sanctions laws and regulations. This includes screening client databases, advertising platforms, and content for potential sanctions risks.

Due Diligence

Team Cloudsource will conduct due diligence on clients, partners, and vendors to assess their sanctions risk before engaging in marketing activities on their behalf. This may include collecting and verifying customer information, conducting background checks, and reviewing relevant sanctions lists and databases.

Training and Awareness

Team Cloudsource will provide training and awareness programs to ensure that employees understand their obligations under the sanctions policy and are equipped to identify and report potential violations. Training will be provided regularly to keep employees informed about changes in sanctions laws and regulations.

Reporting and Escalation

Employees of Team Cloudsource are required to report any suspected violations of the sanctions policy to the HR Department. Reports will be looked into quickly, and appropriate action will be taken in accordance with company procedures and legal requirements.

Monitoring and Review

Team Cloudsource will monitor compliance with the sanctions policy and conduct periodic reviews to assess the effectiveness of controls and make any necessary updates or enhancements.

Consequences of Non-Compliance

Violations of the sanctions policy may result in disciplinary action, up to and including termination of employment or contract, as well as potential legal or regulatory penalties for individuals and the company.

Recordkeeping

Team Cloudsource will maintain records related to sanctions compliance efforts, including documentation of due diligence activities, screening results, and any remedial actions taken in response to potential violations.

If you have any questions about this Sanctions Policy, You can contact us:
By email: info@teamcloudsource.com