We promote fair competition and stand opposed to anticompetitive practices.

The WAFIOS Group and its employees promote fair competition as a cornerstone of the company philosophy. Market decisions are made independently without consulting competitors. This applies to express, implied, formal or informal, and written or verbal agreements or arrangements regarding matters relating to competition and pricing. As a market competitor, our reputation as a reliable business partner is based entirely on the high standard of our machines and the way we focus on customers by offering individually tailored solutions and services.

[We do not promise customers and their employees any direct or indirect advantages and also do not grant these at the business partner's request.

Before we initiate a business relationship with a busines partner, we review the information currently available to us and, if applicable, obtain objective references in case there are any grounds that would prevent us doing business with them. We will not enter into the prospective business relationship if there is substantial evidence of regulations regarding money laundering, embargos, etc. having been violated.

Our business transactions in all functional areas and business processes are in accordance with the respective applicable laws as well as external and internal guidelines, such as work instructions and templates. We commit to providing truthful statements on all reporting matters. No subledger accounting records and secondary records which are not permitted by law are maintained. All employees execute their professional duties with diligence, transparency, and attention to detail. As a central principle of all compliance regulations, dual control is implemented in all functional areas and business processes, and is strictly observed by all employees.

As a global company, the cross-border exchange of goods and services is an integral part of our business activity. It is for this reason that all regulations and embargos that limit or forbid import and export must be strictly observed.

Business documentation is required by our partners for reasons that extend beyond the actual business transaction, such as in order to obtain financing or for fiscal purposes. We therefore make use of our templates and sample contracts and only deviate from these following internal consultation. Travel costs and other company expenses are documented in a transparent manner and in accordance with tax regulations and our guidelines for business trips.