Authorisation first
Where authorisation is required, activity must wait until the appropriate legal basis is confirmed.
Compliance-first
Compliance before activity
Autana treats applicable law, sanctions, authorisations and counterparty diligence as preconditions to investment and any future asset-related activity.
Investment standard
No commitment without a documented compliance basis
Compliance is integrated into opportunity screening, counterparty selection, transaction structuring, investment and capital decisions, and continuing review from the outset.
✓
Counterparty screening
Risk-based due diligence before and throughout a potential relationship.
✓
Documented decision-making
Records supporting the legal, sanctions and regulatory basis for any proposed activity.
✓
Continuing review
Compliance assumptions are reassessed as laws, authorisations, counterparties and circumstances change.
Venezuela and U.S. sanctions
Working to obtain the necessary authorisations
Autana Energy is working to obtain the necessary authorisations required for Venezuela-related activity. It does not claim that any specific licence or authorisation has already been granted. Compliance is a precondition to activity, which would remain subject to applicable U.S. law, including sanctions administered by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), and to applicable Venezuelan law and regulatory requirements.
Transaction diligence
Potential assets, ownership, counterparties, payment pathways and transaction structures are assessed against applicable restrictions.
Continuous monitoring
Sanctions, general licences, specific authorisations and host-country requirements may change and require ongoing review.
Detailed diligence is handled confidentially
Qualified counterparties may request supporting compliance materials, opportunity information and transaction documentation under an appropriate non-disclosure agreement.