Dunamu Introduces Fair Trade Compliance Program... "Establishing a Fair and Transparent Culture"
Blockchain and fintech specialist Dunamu announced on the 4th that it has introduced a Compliance Program (CP) for fair trade.
The CP is a program established by the Fair Trade Commission. It is an internal compliance system in which companies independently establish a code of conduct and implement it to comply with fair trade-related laws and regulations. Lee Seok-woo, CEO of Dunamu, declared the introduction of the CP through the company bulletin board and expressed the company's commitment at the organizational level, urging internal employees to comply with relevant laws.
CEO Lee said, “The virtual asset industry is growing at an unprecedented pace, and the importance of transparency and fairness across the industry is intensifying. Dunamu has introduced the Compliance Program for fair trade to pursue these social values.”
He specifically announced detailed compliance policies including ▲prohibition of abuse of superior position ▲prohibition of unfair support acts with affiliates ▲prohibition of collusion with competitors ▲prohibition of instructing or aiding employees to violate fair trade laws ▲providing accurate information to customers ▲pursuing fair transactions when dealing with partner companies, thereby presenting a concrete direction.
To implement and promote the CP, Dunamu appointed Lim Jong-heon, Chief Legal Officer (CLO), as the compliance manager and formed a dedicated team. The company also plans to actively conduct education for the establishment of fair trade systems, internal controls, and legal compliance in the future. A Dunamu official said, “We will continue to strive to establish a more fair and transparent corporate culture.”
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Meanwhile, Dunamu prohibits not only employees but also their immediate family members from trading on Upbit. The company also operates a strict internal control system related to virtual asset trading, such as requiring employees to report their trading history to the company quarterly if they use other exchanges.
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