Almimar Financing Broker
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Anti-Money Laundering & Know Your Client

Our Commitment

Almimar Financing Broker CO. L.L.C S.O.C (Dubai, UAE) conducts its financing brokerage activities with a firm commitment to preventing money laundering, terrorist financing, and financial crime.

We maintain standards consistent with the regulatory obligations applicable to our activities in the United Arab Emirates.

Almimar Financing Broker CO. L.L.C S.O.C is licensed by the Dubai Department of Economy & Tourism (Commercial Licence No. 1590470) to conduct financing brokerage activities and observes the applicable UAE federal anti-money laundering and counter-terrorist financing legislation and its implementing regulations.

Client Due Diligence

Before accepting any engagement, we conduct due diligence proportionate to the nature, scope, and risk profile of the mandate.

Our due diligence process includes:

  • Verification of the identity of clients and, where applicable, the ultimate beneficial owners of corporate entities.
  • Understanding ownership structures and control arrangements of corporate clients.
  • Establishing the source of funds and, where appropriate, the source of wealth relevant to the engagement.
  • Screening clients and beneficial owners against applicable sanctions lists and adverse media sources.
  • Applying enhanced due diligence measures for politically exposed persons (PEPs) and higher-risk jurisdictions.

We do not accept engagements where identity, beneficial ownership, or source of funds cannot be satisfactorily established or reasonably verified.

Precious Metals Trade Finance

Where Almimar Financing Broker CO. L.L.C S.O.C’s brokerage activities relate to the financing or logistics of precious metals transactions, enhanced due diligence is applied throughout the complete transaction chain.

This includes:

  • Verification of counterparties involved in the transaction.
  • Review of the provenance and chain of custody of the underlying metal.
  • Assessment of commercial terms to ensure consistency with legitimate trade activities.

Our approach aligns with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, including its Gold Supplement.

Please refer to our Responsible Sourcing statement for further details.

We do not participate in transactions involving precious metals of unverifiable origin.

Ongoing Monitoring

Client relationships are subject to ongoing monitoring throughout the duration of an engagement.

Due diligence records are maintained in accordance with applicable record-keeping requirements in the United Arab Emirates.

Reporting Obligations

We comply with suspicious activity reporting obligations applicable to our operations.

We reserve the right to decline, suspend, or terminate any engagement where financial crime risks cannot be appropriately managed.

Documentation

Corporate documentation, licensing information, and compliance policies are available to verified counterparties and their professional advisers upon request as part of the engagement onboarding process.