We have a zero tolerance policy of trading and/or funding physical gold/projects that are directly or indirectly linked to the following:
- Money-Laundering and/or Financing of Terrorism
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Human Rights Abuses
- Exploitation, Physical Abuse, Forced Labour and/or Worst Forms of Child Labour
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Other Criminal Activities
- Smuggling, Bribery, Illicit Trade, Non-Payment of Relevant Government Fees
- Environment abuse from the extraction and mining activities; and usage of harmful chemicals, substances, and mining techniques
We follow strict adherence and on-going implementation of the OECD Guidance for Conducting Due Diligence when sourcing from Conflict Affected and/or High-Risk Areas
- Conducting enhanced KYC on the counterparties
- Identification of red flags associated with transactional, counterparty and geo-political risks
- Conducting and assessing the outcome of enhanced due diligence of the red flags to begin trading with low to medium risk scenarios
- Immediate dis-engagement of trading activities when high or zero tolerance risk scenarios are an escalation of low-medium risk scenarios
Useful Links:
London Bullion Market Association (www.lbma.org.uk)
Dubai Multi Commodities Centre (www.dmcc.ae)
Borsa Istanbul (https://www.borsaistanbul.com/en/)
Organization of Economic Cooperation & Development (www.oecd.org/daf/inv/mne/GoldSupplement.pdf)
World Gold Council (www.gold.org)
Dubai Gold & Jewelry (dubaicityofgold.com)
Artisanal Gold Council (www.artisanalgold.org)
Responsible Jewelry Council (www.responsiblejewellery.com)