Verification requirements
Individuals provide government identification and proof of address. Corporate counterparties provide entity registration documents, ownership and control structure, and authorised signatory evidence.
Legal
AML / KYC Notice
Customer verification, anti-money-laundering and sanctions screening requirements applied by Royal Mineral UAE.
Source of funds and wealth
Depending on transaction size and risk profile, we request evidence of source of funds and source of wealth before pricing or settlement.
Screening
Counterparties and connected parties are screened against applicable sanctions lists and politically exposed person data at onboarding and periodically thereafter.
Monitoring and reporting
Transactions are monitored against the expected profile established at onboarding. We reserve the right to decline, pause or unwind activity, and to make reports where legally required.
Declining business
We decline counterparties and material where identity, control, origin or chain of custody cannot be verified to an acceptable standard.
This document is managed content. Royal Mineral UAE should review and approve the final wording with its legal advisers before publication.