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    Compliance

    Compliance and responsible sourcing

    We verify every counterparty and every shipment before we trade. This page sets out the laws we follow, the checks we carry out and how to report a concern.

    Regulatory position

    Licensing
    Crest Metals FZCO is a Free Zone Company licensed by the Dubai Multi Commodities Centre, licence no. 990348.
    Supervision
    The UAE Ministry of Economy and Tourism supervises Crest Metals for anti-money laundering and counter-terrorist financing as a Dealer in Precious Metals and Stones.
    Reporting
    Crest Metals reports to the UAE Financial Intelligence Unit through the goAML platform, as UAE law requires.

    Applicable framework

    • Federal Decree-Law No. (10) of 2025Anti-money laundering, combating the financing of terrorism and proliferation financing, with its Executive Regulations, Cabinet Resolution No. (134) of 2025.
    • Ministerial Decree No. (68) of 2024 and the Due Diligence Regulations for Responsible Sourcing of GoldRequires every precious metals dealer to maintain a supply chain management system, identify and assess supply chain risks, and adopt a strategy to manage them.
    • Cabinet Decision No. (74) of 2020Terrorism lists and the implementation of UN Security Council resolutions on targeted financial sanctions.
    • OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk AreasThird Edition (2016), including the Supplement on Gold and the Annex II Model Supply Chain Policy.
    • Federal Law No. (13) of 2004 and the Kimberley Process Certification SchemeImport, export and transit of rough diamonds, administered in the UAE through the Kimberley Process Office at DMCC.

    The LBMA Good Delivery List and the UAE Good Delivery Standard accredit refiners. Crest Metals sources refined bullion from refiners that hold these accreditations.

    Compliance programme

    Governance

    A designated Compliance Officer reports directly to senior management. Policies are written, approved by management and independently reviewed.

    Know your counterparty

    We identify each counterparty and its beneficial owners, verify licences and signing authority, establish source of funds and source of goods, and screen for politically exposed persons. Higher-risk relationships require enhanced due diligence and senior approval.

    Sanctions screening

    Counterparties, beneficial owners and connected parties are screened against the UAE Local Terrorist List, the UN Security Council Consolidated List and other applicable lists at onboarding, before each transaction and whenever the lists are updated. Confirmed matches are frozen without delay and reported as UAE law requires.

    Supply chain due diligence

    Following the OECD five-step framework, we review the origin, route and parties of every shipment. Export certificates, customs records and assay reports are checked against the counterparty's declarations. A shipment proceeds only when its documents are complete, consistent and verifiable.

    Monitoring and reporting

    Transactions are monitored against each counterparty's profile. Suspicious activity is reported to the UAE Financial Intelligence Unit through goAML, and Dealers in Precious Metals and Stones Reports are filed wherever UAE thresholds apply.

    Records and training

    Transaction and due diligence records are retained for the period UAE law requires. All staff complete compliance training on joining and at regular intervals.

    Risk management

    Counterparty risk

    We assess the legitimacy, reliability and suitability of every trading partner before and during the relationship.

    Market risk

    We monitor price movements and changes in supply and demand that affect open positions.

    Operational risk

    We control the documentation, logistics and execution of every transaction.

    Reputational risk

    We decline relationships and transactions that do not meet our standards.

    Supply chain policy

    In line with the OECD Annex II Model Supply Chain Policy, Crest Metals does not trade with or source from any party that it reasonably believes is:

    • committing, tolerating or profiting from serious abuses, including forced or compulsory labour, the worst forms of child labour, torture, war crimes and other gross human rights violations;
    • providing direct or indirect support to non-state armed groups or their affiliates;
    • engaged in bribery or in misrepresenting the origin of minerals;
    • laundering money or financing terrorism or proliferation;
    • subject to applicable sanctions.

    Where such a risk is identified, we suspend or terminate the relationship and report it as the law requires.

    Wider responsibility

    Crest Metals trades only through supply chains that operate lawfully and document their practices. We expect the same of our suppliers and partners, and we review their conduct as part of each relationship.

    Raise a concern

    Report a concern in confidence

    Anyone, inside or outside Crest Metals, can report a concern about our trade or conduct. Email us with the subject line "Concern". We acknowledge every report, investigate it impartially and protect anyone reporting in good faith from retaliation.

    info@crestmetalsae.com

    Documents

    • AML/CFT and Sanctions Policy StatementAvailable on request
    • Responsible Sourcing PolicyAvailable on request
    • DMCC Trade LicenceAvailable on request
    • Annual Compliance StatementPublished after the first full year of trading

    Approved counterparties receive the full onboarding documentation on request.

    Start a transaction with Crest Metals

    Tell us what you supply or what you want to buy. We reply with the documents we need for onboarding and the next step for your first lot.

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