Gunvor Group Ltd has been notified by Swiss authorities that they are conducting an investigation into the activities of a former employee in the Republic of Congo (Congo-Brazzaville). Gunvor itself is not the object of the current investigation.
Gunvor is fully cooperating with Swiss authorities on the investigation,and Gunvor is also conducting a thorough internal investigation into these allegations.
Gunvor has rigorous regulatory corporate protocols and a strict compliance program.The compliance program is led by a Compliance Director,who provides oversight and training for all Gunvor trading centers worldwide.In addition,Gunvor has retained outside compliance experts Blaine & Maney to assist the company in maintaining and implementing high compliance standards.
The employee, who served as a business developer in Central Africa, is no longer employed by Gunvor.