Our Compliance
TERRA-A AG is committed to the highest ethical and professional standards. These apply to all our people, regardless of role, and to all our offices. TERRA-A AG people are required to act professionally and in compliance with relevant laws, regulations and Bar rules.
These ethical and professional standards include:
The company has internal policies intended to help its people comply with these standards and with relevant laws and regulations.
TERRA-A AG has a zero-tolerance policy towards bribery and corruption. We are committed to:
The company is subject to the UK Bribery Act 2010 and the EU Regulation No 883/2013, governing the work of OLAF, entered into force on 1 October 2013. This in respect of its activities throughout the world and has adopted an Anti-Corruption Policy, which has been endorsed by its senior management.
The policy is based on an assessment by Terra-A AG of the external and internal bribery risks that face us, and reflects fundamental standards that Terra-A AG expects those who perform services for us and on our behalf to abide by when acting on our behalf.
Terra-A AG is committed to transparency on its ethical standards and anti-bribery initiatives and has established procedures that are described in our Anti-Corruption Policy to encourage employees to report instances or allegations of policy violations. In addition, the Firm has signed up to the World Economic Forum’s Partnering Against Corruption Initiative and the UN Global Compact.
For more detailed information about our policies and procedures, please contact us.
TERRA-A AG takes data privacy seriously. We have a global policy, that we follow worldwide, which is based on EU data protection principles. For more information see our privacy statement.
Our anti-money laundering (AML) policies are generally based on the highest standards that are required in the jurisdictions where we operate, and apply in relation to all of our business in all of our offices all over the world. The Firm conducts client due diligence enquiries on each new client and persons connected with them and conducts ongoing monitoring of existing clients. These enquiries are based on the FATF Recommendations, and the EU Fifth Money Laundering Directive, although if additional information is required by the local rules of any country where we are being asked to work, that information will also be obtained. Where necessary for these purposes, we seek relevant information from third party data suppliers. Where individuals have supplied personal data for this purpose, we will only use it for that purpose and will keep it only as long as the relevant AML and data protection legislation requires.
The company also has internal procedures to ensure that any suspicions of money laundering are reported to the appropriate authorities where there is an obligation to do so. Lawyers and other relevant staff are provided with training on these issues.
The UN Guiding Principles on Business and Human Rights which were unanimously endorsed by the Human Rights Council in 2011 state that all business enterprises have a responsibility to respect human rights. As a firm we have agreed to support and respect internationally recognised human rights, both as part of our commitment to the UN Global Compact and consistent with the UN Guiding Principles.
