Compliance & Finance
Our trading desk operation hinges on institutional transparency, international compliance audits, and first-class banking relationships.
KYC & AML Due Diligence
Globork Group maintains zero tolerance for compliance failures. We operate in absolute compliance with international laws, anti-money laundering (AML) regimes, and Counter-Terrorist Financing (CTF) policies. Every client and shipping operator undergoes rigorous multi-layer Know Your Customer (KYC) onboarding before credit or trade execution.
First-Class Bank Relations
Headquartered in Dubai (DMCC), the financial crossroads of East and West, we hold solid banking channels with elite global banks. This guarantees clear routing for bank-to-bank SWIFT messages (MT799/MT760), documentary letters of credit verification, and transparent capital distribution without unnecessary friction.
Documentary Credits: DLC & SBLC
To insulate transaction capital, Globork Group relies exclusively on bank documentary credits. We accept and structure Irrevocable, Transferred or Confirmed Letters of Credit (DLC / SBLC). Funds remain safely locked within Prime Banks and are only transferred upon the physical presentation of verified cargo documents (SGS/Loading Bills).
Performance Guarantees (2% PB)
Trust is built through mutual security. Under formal revolving supply contracts, our cooperating refineries issue a 2% financial Performance Bond (PB) to the buyer's bank. This solidifies their physical obligation to load and deliver the specified product allocation, covering delay or non-performance penalties.
⚠️ International Sanctions & Redline Policy
Globork Group enforces strict redline policies. In compliance with the United Nations, EU, and OFAC sanctions lists, we strictly reject trade engagements or financing routing linked to restricted or blacklisted states, entities, and flagged vessels.
Need a custom compliance draft or wish to discuss credit routing options with our treasury department?
Consult with Compliance Desk