+44 29 2128 1680 info@sas.vc

Documentation to Support Raw Gold Trades

All trades are governed by standard compliance regulations that apply to financial institutions operating in Europe, and including the United Kingdom and Switzerland. These regulations ensure that all parties to each trade supply information sufficient to ensure that the remitting and receiving banks complete all required screening to comply with current “Know Your Customer” and Anti-Money Laundering regulations.

As such, we are required to obtain the following documentation from sellers:

Declarations

  • Declaration of beneficial ownership of the company that the buyers will be transacting with. (Template is available).
  • Declaration that source is conflict-free and in compliance with OECD guidelines. (Template is available).
  • Permission from Seller (described as Customer, in terms of transferring precious metal assets to Buyer), for Buyer to disclose pertinent information about the trades to appropriate authorities. (Template is available).

A. Documents Required for Company Responsible for Sales

  • Notarised / Apostilled copy of Certificate of Incorporation
  • Board Resolution for Authorised Persons

This may be a general resolution whereby the company authorises a named person to represent the company for the purposes of agreeing trades with buyers.

  • Passport copy from the authorised person named in board resolution
  • Copy of company’s Export License

B. Documents from the Registered Mine

  • Business register extract (not older than six months)
  • Notarised / Apostilled copy of Certificate of Incorporation
  • Memorandum and Articles of Association
  • Valid license for extraction of precious metals
  • Valid Passport Copy or Identity Card of authorised Mine Manager