Compliance with Laws, Rules & Regulations

In conducting our day to day business, we follow and observe the local laws, rules and regulations of the country we operate in. Needless to say, this is mandatory.

Export Control Laws

  • Barry Fausn complies with all applicable export control laws of countries in which it operates.
  • The company consults with its Solicitors about export control laws in each country it operates.

Importation, Country of Origin & Marking Laws

  • Barry Fausn follows all applicable local country customs and import laws and regulations, including those requiring accurate documentation, country of origin markings, classification of the goods, and proper valuation declarations, including those of non-cash value (such as tooling and components).
  • Our employees seek the advice and guidance of local assigned import manager, branch manager or the Company’s General Manager of Customs and Transit Department in Head Office when participating in any special duty reduction programs, such as those under free trade agreements, bonded warehouses, temporary importations under bond, bonded books, duty drawback, etc.

Reporting a Suspected Violation of These Policies

Barry Fausn has a strict policy prohibiting retaliation against anyone reporting a noncompliance or cooperating in a company investigation. The importance of raising a suspected violation of law or the Company’s policy cannot be over emphasised as those violations can bring risk for the Company, customers and employees.

Detection & noncompliance reporting

Adhering of Barry Fausn Company Compliance policies and values is the responsibility of everyone acting on behalf of Barry Fausn Company Limited. Therefore, all employees/suppliers are responsible for in time reporting on possible violation of Barry Fausn Company Limited’s policies. It is extremely important to detect and report problems while at the initial stages, as it will help to avoid serious damage, fines, penalties and loss of confidence in the Company.

Anti-Boycott Laws

Barry Fausn policy dictates that the Company is not to cooperate with any restrictive trade practice or boycott that is prohibited by applicable local laws.