📜Economic Sanctions
Version 1.0 | This Policy was approved on 20 October 2024.
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Introduction
Definitions
This document employs terms related to the DCDR Advocacy that can be found in the TIOF terminology.
For a structure of The IO Foundation, please visit
The IO Foundation's Organizational Chart
The IO Foundation's Organizational Taxonomy
About this document
This document, hereinafter the Policy, sets out the position maintained by TIOF in matters of applicable Economic Sanctions that you will need to be aware of while being a TIOF Member. You should familiarize yourself with it and comply with it at all times. Any questions you may have with regard to its contents or what you have to do to comply with it should be referred to your corresponding Team Human Resources Manager.
Any Member who breaches this Policy will face disciplinary action, which could result in dismissal for gross misconduct. Any non-employee who breaches this Policy may have their contract (or equivalent official relationship with TIOF) terminated with immediate effect.
This document complements TIOF's Code of Conduct.
This document does not form part of any Engagement Document and we may amend it at any time following the procedures described in TIOF's Statute.
Scope
This document directly applies to:
All TIOF Members
This document indirectly applies to:
The policies set out in this document apply to all TIOF Members unless otherwise indicated. They therefore apply to Members of the Boards (Directors, Advisers, Consultants), Employees, Volunteers and Interns; this is irrespective of their engagement type. They equally apply to all Contributors and will be used as part of the selection criteria when engaging with them.
This Policy applies within all TIOF Spaces, including (although not limited to) management activities, contributions or events; it and also applies when an individual is officially representing the organization in public spaces. Examples of representing the organization include (although not limited to) using an official e-mail address, posting via any official channel or acting as an appointed representative at an event.
Review and Amendments This policy shall be reviewed regularly to ensure its continued relevance and effectiveness. Amendments may be made to adapt to new legal requirements, changing circumstances or to better serve the organization's Mission.
Policy details
Definitions
Sanctions: Measures imposed by governments or international organizations that restrict trade, investment and other economic activities with specific countries, individuals or entities.
Sanctioned Entities: Individuals, organizations or countries that are subject to restrictions as specified by applicable regulations.
Economic Sanctions statement
The IO Foundation at no point will engage in any activities that violate applicable sanctions laws in the advancement and achievement of its advocacy. The organization is dedicated to ensuring that its resources are not used to support or facilitate transactions with sanctioned individuals, organizations or countries.
The provisions described in this policy must comply at all times with The IO Foundation's Finance Policy.
Implementation process
The IO Foundation will actively observe this policy in all of its processes, with particular attention to its financial and programmatic activities. Among others, the organization will undertake:
Risk Assessment: Assess potential risks related to sanctions compliance and implement measures to avoid those risks.
Due Diligence: Conduct thorough vetting of all partners, contractors and beneficiaries to ensure they are not listed on applicable sanctions lists.
Training and Awareness: Provide training to TIOF Members, TIOF Contributors and TIOF Beneficiaries regarding applicable sanctions laws and internal compliance procedures.
Reporting Obligations: Establish procedures for reporting any suspected violations of this policy or sanctions laws to the appropriate authorities.
Monitoring and Compliance: Monitor operations with TIOF Contributors and TIOF Beneficiaries to ensure compliance with this policy and applicable regulations.
Additional considerations
The IO Foundation will carefully analyze, be mindful of and comply with:
Specific funder's considerations
All relevant antiterrorism laws and regulations specific to the jurisdictions in which it operates
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