Dunamu Introduces Compliance Program (CP) for Fair Trade

Blockchain and fintech company Dunamu announced on the 4th that it has introduced a Compliance Program (CP) for fair trade.

CP is a program established by the Fair Trade Commission, which is an internal compliance system where companies establish their own code of conduct and implement it to comply with fair trade-related regulations.

Dunamu CEO Lee Seok-woo declared the introduction of CP through the company's bulletin board and expressed the company-wide commitment to compliance with relevant laws to internal employees. "The virtual asset industry is growing at an unprecedented pace, and the importance of transparency and fairness across the industry is intensifying," said CEO Lee. "Dunamu has introduced the Fair Trade Compliance Program to pursue these social values."

CEO Lee emphasized compliance policies including ▲prohibition of abuse of superior position ▲prohibition of unfair support for affiliates ▲prohibition of collusion with competitors ▲prohibition of directing or abetting fair trade violations to employees ▲providing accurate information to customers ▲pursuing fair transactions when dealing with partner companies.

Meanwhile, Dunamu has appointed Chief Legal Officer (CLO) Lim Jong-heon as the compliance manager and formed a dedicated organization for CP implementation and promotion. Dunamu plans to actively conduct education for establishing fair trade systems and internal control and compliance with regulations in the future.

Currently, Dunamu proactively operates a strict internal control system related to virtual asset trading, prohibiting not only employees but also their immediate family members from trading on Upbit, and requiring them to report transaction details to the company quarterly when using other exchanges.