Azgar Trading complies with UAE anti-money-laundering and counter-terrorist-financing law, as supervised by the Ministry of Economy and Tourism for dealers in precious metals and stones. Our supply-chain due diligence follows the OECD's five-step framework for responsible mineral supply chains. Every counterparty  spot or contract, buyer or seller completes full KYC before any metal moves or any payment is made.

 

KNOW YOUR COUNTERPARTY

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1. Corporate documents, beneficial-ownership disclosure and authorised-signatory verification for every party

2. A live video identity check with each principal before any agreement is signed

3. Screening against UN, UAE, OFAC, EU and UK sanctions lists, repeated for each new transaction

 

KNOW YOUR METAL

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1. Proof of legal origin: mining licence or export permit, certificate of origin and export documents

2. A risk review of origin and transit routes, with enhanced checks for conflict-affected and high-risk areas

3. Independent weighing and assay in Dubai before payment

 

KNOW YOUR MONEY

 

1. Payment only by bank transfer through regulated banks, to the verified account of the contracting party

2. No cash settlement and no third-party payments

3. Registered on goAML, with reporting to the UAE Financial Intelligence Unit as the law requires

 

WHAT WE WILL NOT DO

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1. Pay advance fees, or accept requests for them

2. Deal with counterparties who cannot be verified, or with material whose origin cannot be documented

3. Trade with sanctioned persons, entities or jurisdictions

 

Compliance Officer: Stephen M. Hann · compliance@azgar.ae

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DOCUMENTS

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