Anti-Laundering Policy

Krugerrand and Bullion Trader, hereinafter referred to as Gold Berg International (Pty) Ltd, is committed to upholding the highest standards of integrity and compliance with anti-money laundering (AML) regulations. This policy outlines the measures we take to prevent money laundering, terrorist financing and other illicit activities through our Krugerrand and Bullion trading services.

Gold Berg International (Pty) Ltd acknowledges its legal and ethical responsibilities to comply with national and international AML laws and regulations, including the Bank Secrecy Act (BSA) in the United States and similar regulations in other jurisdictions.

Customer Identification: Gold Berg International (Pty) Ltd will perform thorough customer identification procedures before conducting any transactions. This includes obtaining and verifying valid identification documents from customers.

Enhanced Due Diligence (EDD): In cases of higher risk, Gold Berg International (Pty) Ltd, will conduct enhanced due diligence, which may involve additional verification steps and a deeper assessment of the customer’s background and transaction history.

Politically Exposed Persons (PEPs): Gold Berg International (Pty) Ltd will identify and scrutinize transactions involving PEPs and their associates to mitigate the risk of potential corruption or undue influence.

Transaction Monitoring: Gold Berg International (Pty) Ltd will continuously monitor transactions for suspicious activity. Any transactions that appear unusual, inconsistent with the customer’s profile, or have no clear business purpose will be investigated further.

Suspicious Activity Reporting (SAR): If Gold Berg International (Pty) Ltd identifies any transactions or activities that raise suspicion of money laundering or terrorist financing, we will promptly file a SAR with the relevant regulatory authorities in accordance with applicable laws.

Training Programs: All employees and relevant personnel will receive regular training on AML policies and procedures. This training will help them recognize and respond to potential money laundering risks.

Ongoing Awareness: Gold Berg International (Pty) Ltd will promote a culture of AML awareness among its staff, encouraging them to report any concerns or suspicions they may have regarding customer transactions.

Documentation: Gold Berg International (Pty) Ltd will maintain accurate records of customer identification, transaction histories and other relevant information in accordance with legal requirements.

Gold Berg International (Pty) Ltd will fully cooperate with law enforcement agencies, regulatory authorities and financial intelligence units in cases involving money laundering investigations or the prevention of financial crimes.

Gold Berg International (Pty) Ltd will periodically assess and review its AML policies and procedures to ensure they remain effective and up to date with changing regulations and industry best practices.

Gold Berg International (Pty) Ltd has a zero-tolerance policy towards money laundering, terrorist financing and any other form of illicit activity. We are committed to taking appropriate actions against any individuals or entities found to be involved in such activities.

This AML policy will be communicated to all employees, stakeholders, customers and relevant parties associated with Gold Berg International (Pty) Ltd.

By engaging with Gold Berg International (Pty) Ltd, you acknowledge and accept our commitment to preventing money laundering and other financial crimes through these policies and procedures.

Thank you for choosing Gold Berg International (Pty) Ltd. We are dedicated to maintaining the highest standards of compliance and integrity in all our activities.