Compliance Policy

Compliance Policy ensures that Universal Financial Associates Inc (“the Company”) adheres to relevant laws, regulations, and industry standards to maintain legal and ethical operations. The main aim of this Compliance Policy is to framework the principles and practices that the Company follows to ensure compliance with all applicable laws, regulations, and internal standards. This Policy is designed to promote a culture of ethical behavior and legal compliance throughout the organization and applies to all employees, officers, directors, contractors, and agents of the Company.

Objectives

To establish a culture of compliance within the Company.
To ensure that all business activities are conducted in accordance with applicable Federal and State Laws, regulations, and internal policies.
To prevent, detect, and address any violations of laws, regulations, or company policies.
To protect Company’s reputation and minimize legal and regulatory risks.

Compliance Framework

Compliance Officer
The Company will designate a Compliance Officer responsible for overseeing the compliance program, including the implementation and monitoring of this policy.

Compliance Committee
A Compliance Committee, composed of senior executives, will be established to support the Compliance Officer and to ensure that compliance issues are addressed at the highest level of the organization.

Compliance Obligations

Legal and Regulatory Compliance:

Universal Financial Associates Inc will comply with all applicable federal, state, and local laws and regulations. This includes, but is not limited to, laws related to employment, environmental protection, health and safety, financial reporting, data privacy, and anti-corruption.

Internal Policies and Procedures:

All employees must adhere to the internal policies and procedures established by the Company. These policies are designed to ensure compliance with legal and regulatory requirements and to promote ethical conduct.

Compliance Training and Communication

Training Programs:

Communication:

The Compliance Officer will ensure that employees are informed about compliance policies and procedures. This includes making resources available on the company intranet, conducting awareness campaigns, and providing updates on changes in laws and regulations.

Monitoring and Auditing

Regular Audits:

Universal Financial Associates Inc will conduct regular audits to assess compliance with legal and regulatory requirements and internal policies. The results of these audits will be reported to the Compliance Committee.

Monitoring Activities:

The Compliance Officer will monitor compliance activities across the organization, including reviewing reports of suspected violations and
overseeing the implementation of corrective actions.

Enforcement and Discipline

Investigation of Violations:

All reports of suspected violations will be investigated promptly and thoroughly. The Compliance Officer will oversee these investigations and ensure that appropriate actions are taken.

Disciplinary Actions:

Employees who violate laws, regulations, or company policies will be subject to disciplinary action, which may include reprimands, suspension, termination, and/or legal action.

Record Keeping

Documentation:

The Company will maintain records of all compliance-related activities, including training, audits, investigations, and disciplinary actions. These records will be kept in accordance with applicable Federal and State Laws and company policies.

Confidentiality:

All compliance-related records and reports will be treated as confidential and will only be shared with individuals who have a legitimate need to know.