Cash Deposits (No Currency Restrictions)
Any type of Securities including structured products
Investments in General
Gifts, entertainment or other commercially promotional activities;
Payment or reimbursement of expenses to an employee;
Offers of employment or other benefits to a family member or friend of the employee;
Contributions from political parties and candidates;
Charitable contributions and sponsorships.
Other less obvious elements provided to a public official may also violate anti-corruption laws. Examples include in-kind contributions, investment opportunities, stock options or positions in joint ventures and favourable or directed subcontracts. The prohibition applies regardless of whether an item directly benefits the agent or another person, such as a family member, friend or business associate.
Under the law, Parallax and the individual officer(s) or employee(s) may be held liable for undue payments made by an agent or other intermediary if they know or have reason to know that a bribe will be paid. Deliberate ignorance, including failure to conduct a reasonable investigation in the event of suspicious circumstances, is not a defence and it is irrelevant whether the intermediary is itself subject to anti-bribery laws. All employees should therefore be alert to potential "red flags" in transactions with third parties. Parallax and its subsidiaries must maintain accurate books and records that reflect transactions and asset disposals in reasonable detail, supported by an appropriate system of internal accounting controls and our software Ebanq. These requirements are implemented through Parallax's standard accounting rules and procedures that all personnel are required to follow without exception. Particular attention is paid to transactions that may involve payments to local or foreign government officials. Off-book accounts should never be used. Facilitation or other payments to government officials shall be promptly reported and properly recorded as to purpose, amount and other relevant factors. Requests for false invoices or payment of unusual, excessive or inadequately described expenses must be rejected and reported promptly. Misleading, incomplete or false entries in the books and records of Parallax are never acceptable.
Parallax has established detailed procedures for the selection, appointment and monitoring of agents, consultants and other third parties. These rules and procedures must be followed in all cases, paying particular attention to "red flags" that may indicate possible legal or ethical violations.
Due diligence typically includes appropriate reference and background checks, written contractual provisions that confirm a business partner's responsibilities, and appropriate follow-up controls. Personnel working with agents and other third parties may indicate possible legal or ethical issues, commonly referred to as "red flags. The presence of red flags in a relationship or transaction generally requires the prior approval of an appropriate senior officer, a description of the nature and extent of services provided in a written contract, and appropriate contractual safeguards against potential violations of law or Trust policy. This policy imposes specific responsibilities and obligations on all Trust personnel, which will be implemented through standard disciplinary measures and will be given due consideration by staff.- All employees and agents are responsible for understanding and complying with the policy in the course of their work. Every employee has an obligation.
to do so:
Know the applicable aspects of the policy and communicate them to subordinates;
Ask questions if the policy or the actions to be taken in a particular situation are not clear enough;
Be alert to indications or evidence of possible wrongdoing;
Properly manage and control the business activities of third parties;
Promptly report violations or suspected violations through appropriate channels.
Any employee who has reason to believe that a violation of this policy has been or may be committed, must promptly inform his or her supervisor, the next level of supervision or the Parallax compliance officer. Information will always be communicated on a confidential basis.
Retaliation in any form against an employee who has, in good faith, reported a violation or possible violation of this policy is strictly prohibited. Employees who violate this policy will be subject to disciplinary action up to and including termination of employment. Violations may also result in prosecution by law enforcement authorities and severe criminal and civil penalties. PRIVACY
When you interact with our Website, we may collect the following categories of personal information. Information You Provide to Us. Registration and Your Information. If you want to use certain features of the Website, you will have to create an Interface (“Account”) using your email address. You may also receive an invitation to proceed with the registration via the email used to register an Interface.
Accuracy of Interface Information.
It is important that you provide us with accurate, complete and up-to-date information for your Interface and you agree to update such information to keep it accurate, complete and up-to-date. If you don’t, we might have to suspend or terminate your Interface. You agree that you won’t disclose your Interface password to anyone, and you’ll notify us immediately of any unauthorised use of your Interface. You’re responsible for all activities that occur under your Interface, whether or not you know about them. Communications with Us. We collect personal information from you such as email address, phone number, or mailing address when you request information about our Services, register for our newsletter, or otherwise communicate with us. Interactive Features. We may offer interactive features such as forums, blogs, chat and messaging services, and social media pages. We and others who use our Services may collect the information you submit or make available through these interactive features. Any content you provide on the public sections of these features will be considered “public” and is not subject to the privacy protections referenced herein. By using these interactive features, you assume the risk that the personal information provided by you may be viewed and used by third parties for their own purposes. Information Collected Automatically.
If you are located in the European Economic Area or the United Kingdom, you have the right to lodge a complaint with a supervisory authority in your jurisdiction if you believe our processing of your personal information violates applicable law.
CHANGES TO OUR PRIVACY NOTICE We may revise this Privacy Notice from time to time in our sole discretion. If there are any material changes to this Privacy Notice, we will notify you as required by applicable law. You understand and agree that you will be deemed to have accepted the updated Privacy Notice if you continue to use the Services after the new Privacy Notice takes effect.