AML Compliance

We take proportionate steps to understand who we are dealing with, the purpose of a proposed transaction and whether the material and funds have a credible lawful basis. We apply applicable anti-money laundering and counter-terrorist financing obligations to our activities.

Before establishing a business relationship, we may request identity documents, company registration records, ownership and control information, relevant licences, contact details and authority to act. We may take additional steps to identify beneficial owners and verify information from independent sources.

We review available information about the source of material, source of funds and commercial purpose of a transaction. Payment arrangements should be consistent with the identified parties, transaction documents and agreed settlement structure.

• Documented origin, weight, assay and value checks appropriate to the consignment.
• Review of counterparties, payment instructions and material changes during a transaction.
• Additional questions or supporting documents when activity is unusual, complex or inconsistent with known information.
• Use of traceable settlement methods suitable for the transaction.

We maintain appropriate due-diligence and transaction records in line with business and legal requirements. Access is limited to those who need the information for legitimate purposes, including advisers, financial institutions and competent authorities where appropriate.

We may delay, decline or end a relationship when required information is not provided, cannot be verified or raises unresolved concerns. Where applicable law requires it, concerns may be reported to the relevant authority. We do not inform a party about a report where doing so would be prohibited.

Questions about this statement may be sent to contact@elitemineralsgroup.com. This public summary does not disclose confidential internal controls or replace transaction-specific due diligence.