Gold Brick Gold Trading LLC
Compliance and regulatory standards

Compliance & Responsible Sourcing

FATF-Aligned • DMCC-Compliant • International Standards

GOLD BRICK GOLD TRADING LLC operates under a rigorous, internationally aligned governance system designed to protect all parties and ensure safe, ethical, and fully traceable gold transactions.

Independent Audits & Certifications

Regulatory Oversight

  • UAE Ministry of Economy (DET)

    License 806677 — verified annually. Full trading authorization for precious metals. AML/CFT certification: GMLMOEC467872254

  • Dubai Multi Commodities Centre (DMCC)

    Approved supplier for DMCC-licensed refineries. Annual compliance review participation.

  • UAE Federal Tax Authority (FTA)

    VAT Registration: 100569836800003. Quarterly reporting current.

Industry Alignments

  • LBMA Responsible Gold Guidance — Implemented
  • OECD 5-Step Due Diligence — Full framework adopted
  • FATF Recommendations for DNFBPs — Compliant
  • UN Guiding Principles on Business & Human Rights — Adhered

External Verification Partners

  • SGS Middle East — Assay & QC verification
  • Bureau Veritas — Independent quality certification

Technology-Enabled Compliance

Automated Sanctions Screening

  • Real-time OFAC, EU, UN sanctions list checks
  • Automated PEP (Politically Exposed Persons) flagging
  • High-risk jurisdiction scoring (FATF grey/blacklist monitoring)

Transaction Monitoring

  • Unusual pattern detection for large/irregular transactions
  • Source of funds verification for payments > $100,000
  • Beneficial ownership analysis via UAE CRS/AEOI framework

goAML Integration

  • Connected to UAE Financial Intelligence Unit (FIU)
  • Suspicious Transaction Reports (STRs) filed electronically
  • Threshold Transaction Reports (TTRs) automated for cash > AED 55,000

Refinery Partnership Due Diligence

Gold Brick only works with refineries that meet ALL of the following criteria:

LBMA Good Delivery Accredited OR DMCC Approved Refinery
Annual RJC (Responsible Jewellery Council) Audit (Preferred)
ISO 9001 Quality Management Certification
Full traceability systems for incoming doré
No conflict minerals sourcing (per OECD Annex II Red Flags)
RefineryLocationLBMADMCCGold Brick Relationship
Etihad Gold RefineryDMCC, DubaiIn ProgressYesPrimary partner (2022–present)
Emirates RefineryDubaiPendingYesSecondary capacity

Our Compliance Framework

Regulatory Governance

Licensed by the UAE Ministry of Economy and operating within the Dubai Multi Commodities Centre (DMCC) — the world's most regulated physical gold ecosystem.

FATF Alignment

All procedures follow FATF standards for high-risk commodities and cross-border physical gold trading, including comprehensive AML/CFT controls.

AML/CFT Controls

  • • KYC / KYB for all counterparties
  • • Sanctions & OFAC screening
  • • PEP / high-risk jurisdiction scoring
  • • Ongoing monitoring via UAE goAML FIU

Third-Party Verification

All physical gold movements verified through SGS / Bureau Veritas assay, Brinks / Malca-Amit / Transguard logistics, and LBMA/DMCC-recognized refineries.

Customer Onboarding Process

Required for all buyers, sellers, and market participants

1

Expression of Interest

2

KYC/KYB Submission

3

AML/CFT Screening

4

NDA & Secure Exchange

5

Contract Documentation

6

Execution & Settlement

No advance fees. No broker chains. No cash transactions without full KYC.

Responsible Sourcing & Supply Chain Policy

Ethical, Transparent, Traceable — From Mine to Vault

OECD 5-Step Due Diligence Model

Step 1

Internal Systems

Step 2

Risk Assessment

Step 3

Risk Mitigation

Step 4

Third-Party Verification

Step 5

Reporting & Records

Our Compliance Structure Integrates:

  • • UAE Federal AML/CFT Law No. 20 (2018)
  • • FATF Recommendations for DNFBPs
  • • DMCC Rules & Review Protocol
  • • OECD Responsible Mineral Supply Chain Guidelines
  • • LBMA Responsible Gold Guidance
  • • ESG & Human Rights Standards

Zero-Tolerance Policies

We do not transact with any entity engaged in:

  • • Conflict gold or illegal mining
  • • Child or forced labour
  • • Smuggling or undeclared exports
  • • Corruption or bribery
  • • Proxy sellers or unlicensed brokers
  • • Misdeclared origin shipments
  • • Unverified cash transactions
  • • Human rights violations

Immediate termination & reporting apply for any violations.

Chain-of-Custody Verification

Every gram tracked from origin to vault

Documentation maintained includes:

Certificate of Origin
Export permit
Air Waybill (AWB)
Seller invoice
Movement reports
Refinery assay report
Vault receipt
Settlement confirmation

Chain-of-custody is never broken or outsourced.

Compliance Desk Contact

GOLD BRICK GOLD TRADING LLC

Compliance Department

compliance@goldbrick.ae

📞 +971 50 156 4019

📍 Dubai, United Arab Emirates

All communication under NDA and subject to KYC/KYB verification.