Scope of Applicability
The NCRYPTO Code of Ethics is binding for all NCRYPTO employees worldwide.
All NCRYPTO employees shall receive the NCRYPTO Code of Ethics as an electronic copy (via e-mail as a PDF file) or as a printed version in a language that they are familiar with. In addition to this, the NCRYPTO Code of Ethics is always available on the NCRYPTO Intranet and Internet for ease of reference.
All NCRYPTO executives shall ensure strict observance of the NCRYPTO Code of Ethics among their members of staff and aim to be role models for their employees. No employee should suffer any disadvantage as a result of complying with the NCRYPTO Code of Ethics.
NCRYPTO Labs Good Conscience Principles
- We operate lawfully
- We avoid conflicts of interest
- We do not tolerate corruption
- We play fair
- We handle information carefully
- We follow export control and customs laws
- We observe occupational health and safety standards
- We manage assets carefully
- We do not support money laundering
- We do not tolerate discrimination
We operate lawfully
NCRYPTO abides the law
All applicable legislation must be observed in all business decisions and operations both at home and abroad. Sustainable business for everyone’s benefit can only be achieved with fair competition and strict conformity with the law. Corruption, cartels, embezzlement and fraud distort competition and increase costs, which may cause significant fines, reputation damage and, ultimately, could also endanger the employment at NCRYPTO.
In view of this, we refuse to conduct unfair and/or dishonest business practices and carry out our business in a manner that is free of bribery and corruption.
It should be noted that breaches of the law will not be tolerated and may result in disciplinary action.
We avoid conflicts of interest
NCRYPTO avoids conflicts of interest
Independence, integrity and transparency of our services are the foundation of our customers’ trust in us.
However, a conflict of interest can severely damage that trust. A conflict of interest can arise when the private interests of a NCRYPTO employee could or do conflict with the interests of NCRYPTO. For instance, if a NCRYPTO employee has a shareholding in a supplier, customer or competitor of NCRYPTO, or an employment of any kind with a third party this may lead to a conflict of interest.
We do not tolerate corruption
NCRYPTO does not tolerate corruption
Corruption distorts competition with the business world and causes damage to both individuals and society. Corruption can also result in actions being made under criminal and civil law for NCRYPTO employees as well as for NCRYPTO. This could include anything from a prison sentence to fines. Corruption is strictly prohibited in all countries in which NCRYPTO operates, and any violations of such are therefore not in the “beneficial interest of the company.” This continues to apply to all employees, regardless of their nationality.
We play fair
NCRYPTO believes in fair game
Fair and free competition between companies is the guarantor for freedom of business behavior and effective consumer protection. Fair and free competition is protected by anti trust laws, which forbid cartels and abuse by market-dominating companies. Mergers of companies are also subject to merger controls under certain conditions.
A cartel exists when several companies coordinate their behavior on the market to restrict or eliminate competition. For instance, if there are agreements in place between competitors about prices, quantities, territories or customer groups.
A position of market domination is abused when the possibilities for economic behavior of other companies – competitors, customers or suppliers – are significantly affected, without objective justification, by the behavior of the marketdominating company.
We handle information carefully
NCRYPTO is committed to correct and truthful reporting
The exchange of information and the use of our knowhow are part of our daily commercial activity. It is important to handle information correctly and transparently in order to protect it, our company and our customers.
Records and financial integrity
Internal and external transparency, as well as correct and truthful reporting, is the standard of our entrepreneurial action and behavior.
NCRYPTO protects its own and third party’s trade secrets and other confidential information
As a provider of technical services, NCRYPTO possesses valuable know how as well as comprehensive trade secrets, which are the basis for the successful business operations of NCRYPTO. The unauthorized disclosure or otherwise making this knowledge accessible can lead to severe losses for NCRYPTO, and result in sanctions under criminal or civil law. Therefore it is inadmissible. In order to secure our own and thirdparty information from unauthorized disclosures, we must adopt special precautionary measures when handling confidential information.
NCRYPTO provides for information security
Information technology and data pro cessing play a key role for task fulfillment at NCRYPTO. All important strategic and operational functions and tasks are significantly supported by information technology. But information technology and data processing also present risks concerning the security of the data.
NCRYPTO collects, processes, and uses personal data in compliance with the applicable data privacy laws
Electronic information exchanged via Internet, Intranet, email, etc., is part of our daily business. This electronic information exchange can also include personal data such as name, address or date of birth. The handling of per sonal data is regulated in many coun tries by data privacy laws in order to protect the individual’s privacy and right to determine what and when personal information is disclosed. In general, it is necessary to obtain the consent of the person affected for the collection, processing or use of their data. If the data is intended to be transferred abroad, further require ments must be observed (e.g. ensuring an appropriate data privacy level by using model contracts).
We follow export control and customs laws
NCRYPTO follows the export control and customs regulations in all countries in which we do business
As a worldwide operating enterprise, NCRYPTO is subject to various national and international foreign trade regulations. These treaties and laws regulate the import, export and/or transfer (which can also take place electronically) of goods, technologies, services, capital and currency over particular international borders right up to the complete banning of trade with particular countries (embargo). Any trading restrictions and bans can arise from the character or purpose of use of the goods or services, the country of origin or country of use, or the business partner. The export of goods with both civilian and military uses (socalled dual use goods) also requires approval. Export controls cover exchanges between NCRYPTO subsidiaries too.
We observe occupational health and safety standards
NCRYPTO observes occupational health and safety standards
The protection of our employees is of primary importance for NCRYPTO, since our employees are essential for us as a provider of technical services.
We manage assets carefully
NCRYPTO manages its own and third-party assets carefully
Tangible and intangible assets of NCRYPTO (e.g. cash, machinery, knowhow, patents and trademarks) constitute NCRYPTO’s business assets, which may only be used for business purposes. The same applies for the property of NCRYPTO business partners, with whom NCRYPTO employees come into contact in the course of their work.
We do not support money laundering
NCRYPTO does not support money laundering
Money laundering occurs when illegally acquired financial means (from criminal activities like organized crime, bribery, corruption or terrorism) are smuggled into the legal, financial and economic circulation in order to disguise their real origin or the identity of the owner.
NCRYPTO only maintains business relationships with respectable business partners, whose business activities comply with all applicable laws and whose funds derive from lawful activities. For this purpose, we at NCRYPTO observe money laundering regulations at home and abroad, and keep our distance from businesses that are used for money laundering.
We do not tolerate discrimination
NCRYPTO does not tolerate discrimination
NCRYPTO is a worldwide operating company that is active in various countries, all with different cultures. At NCRYPTO, our attitude is that people of different ethnic origin, religion, world view, race, age, disability, gender or sexual identity are invaluable for our success.
No employee or business partner may be directly or indirectly discriminated against, sexually harassed or personally disparaged on the basis of any of these attributes, and will be protected by applicable equality legislation.