Law compliance
Global Aviation Consulting LLC Code of Ethics
& Compliance Program
Global Aviation Consulting LLC strives to maintain a code of business ethics, law compliance, and transparency of operations.
Our business relationships must be built on trust, integrity and objectivity. Giving or accepting gifts or anything of value, can create the appearance of impropriety or favorable treatment with any government or other official. We engage in extreme caution to avoid the appearance of special treatment.
Therefore, we avoid accepting or giving improper business courtesies.
GAC operates in strict compliance with the US Foreign Corrupt Practices Act (FCPA), the Organization for Economic Cooperation and Development Convention (OECD), any global sanctions, and other international and local anti-bribery laws.
Please visit these link to become familiar with the aforementioned laws:
The FCPA prohibits GAC or any of its contractors or third party service providers from bribing any public official, government or individual – notwithstanding nationality or local custom – to acquire any concession, contract, service, or favorable treatment for GAC.
Bribes, kickbacks, or other improper payments are prohibited because they are illegal and would subject the company to civil and criminal penalties. We do not offer anything of value (e.g., gifts, entertainment, travel), directly or indirectly, to any government official, department, state enterprise, or agency. We also do not contribute company funds to political parties or candidates for office or seek reimbursement of individual contributions.
GAC's commitment to doing business ethically and legally is the foundation for the company's culture. This commitment is further manifested in GAC's Ethics & Compliance program, which is managed by our external legal counselor.
GAC's Ethics & Compliance program is designed to (i) foster the highest ethical standards and a commitment to compliance with the law and policy, (ii) prevent, detect, report and address any allegation of misconduct, and (iii) comply with all applicable laws and standards. The program extends to cover not just GAC, but also those who work on GAC's behalf as contractors and any other third parties service providers.
Please review Global Aviation Consulting LLC policy of compliance
with the U.S. foreign corrupt practices act here.
Please review Global Aviation Consulting LLC's
compliance policy regarding all international sanctions.
GAC operates in strict compliance with all international sanctions and has implemented robust related compliance procedures. Sanctions compliance involves following laws and regulations that restrict or prohibit transactions, activities, or interactions with designated individuals, entities, countries, or regimes. This includes maintaining internal controls such as screening customers and counterparties, and assessing indirect exposure, like ownership links to sanctioned actors, to ensure our procedures reflect evolving legal requirements.
To that end, GAC management screens all business counterparts and intermediaries to ensure no transactions of any kind take place with sanctioned entities. In addition, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has explicitly stated that "all U.S. persons", including companies and their foreign subsidiaries, must comply with sanctions regulations. This requirement extends to non-financial entities involved in international trade, transport, procurement, and insurance. Similarly, the U.K.'s Office of Financial Sanctions Implementation (OFSI) and international bodies such as the Financial Action Task Force (FATF) and European Union (EU) emphasize the role of all businesses in preventing sanctions violations and financial crime.
Our procedures ensure that sanctions and risk screening are built into the necessary stages of transaction workflows with our third-party service providers and all other vendors. Please see our Sanctions Compliance Checklist, which we use to screen all of our service providers, vendors, and entities subject to financial transactions. We are committed to working together with all parties and our business partners to uphold these standards and appreciate your ongoing commitment to compliance.