Unbound XR's Anti-Bribery and Corruption Policy
1. Purpose and Scope
Unbound XR is committed to conducting its business with integrity, honesty, and transparency. This policy on preventing bribery and corruption outlines the standards and procedures that all employees, officers, directors, agents, and representatives of Unbound XR must follow to prevent any form of bribery and corruption in the course of business. The policy applies to all business activities and transactions worldwide
2. Definitions
For the purposes of this policy, the following definitions apply:
- a. Bribery: The offering, giving, receiving, or soliciting of any item of value to influence the actions or decisions of an individual in a position of trust, directly or indirectly
- b. Corruption: The misuse of entrusted power for personal gain
- c. Associated person: Any individual person or organization that performs services for or on behalf of Unbound XR, including but not limited to agents, consultants, contractors, intermediaries, joint venture partners, and distributors
3. Compliance with Laws
Unbound XR is committed to complying with all applicable laws and regulations relating to bribery and corruption, including but not limited to the Foreign Corrupt Practices Act (FCPA), the UK Bribery Act, and local laws and regulations. All employees, officers, directors, agents, and representatives of Unbound XR must adhere to these laws and regulations
4. Prohibition of Bribery and Corruption
Unbound XR prohibits the offering, giving, receiving, or soliciting of any form of bribery or other reward, directly or indirectly, to or from any person or company to obtain or retain business or gain any improper advantage. This applies to all employees, officers, directors, agents, and representatives of Unbound XR, as well as associated persons
5. Gifts, Entertainment, and Hospitality
Unbound XR recognizes that the giving or receiving of reasonable and proportionate gifts, entertainment, or hospitality is a common practice in business. However, such gifts, entertainment, or hospitality must not be used as a means to exert influence or gain an improper advantage. All given or received gifts, entertainment, or hospitality must be transparent and comply with applicable laws and regulations
6. Due Diligence
Unbound XR conducts due diligence on all associated persons to ensure they comply with this policy and the applicable laws and regulations relating to bribery and corruption. This includes conducting risk assessments, obtaining references, and performing background checks if necessary
7. Reporting and Investigation
All employees, officers, directors, agents, and representatives of Unbound XR have a duty to report any suspicion or actual bribery or corruption. Unbound XR will investigate all reports of bribery or corruption and take appropriate disciplinary and/or legal action against any employee, officer, director, agent, or representative who violates this policy
8. Training and Awareness
Unbound XR provides regular training and awareness programs to all employees, officers, directors, agents, and representatives about this policy and the risks associated with bribery and corruption
9. Consequences of Non-Compliance
Violation of this policy and the applicable laws and regulations relating to bribery and corruption can result in disciplinary action, termination of employment, and legal action, if appropriate
10. Communication
This policy is communicated to all employees, officers, directors, agents, and representatives of Unbound XR and is publicly available on the company's website. Questions or concerns about this policy should be directed to the Chief Compliance Officer
This policy is effective immediately and supersedes all previous policies relating to bribery and corruption.