top of page
Gemini_Generated_Image_paxi5rpaxi5rpaxi_

Account Opening

Your Trusted Path to Compliant Trading.

Account Opening Requirements

Customers and suppliers wishing to establish a trading relationship with Al Rafidain Jewellery Trading LLC must submit the documents listed below.

These are the minimum requirements. Additional documents may be requested depending on the applicant’s business activities, jurisdiction, ownership structure, transaction profile, and supply-chain risk.

​

Documents Required

​

1. KYC Form

Complete the applicable form:

All relevant fields must be completed. Missing or inconsistent information may delay the application.

​

2. Business Registration Documents

Certified copies of:

  • Valid trade or business licence

  • Certificate of incorporation or registration

  • Memorandum and Articles of Association

  • Share certificates or equivalent ownership records

  • Any relevant regulatory or industry licences

The trade licence should preferably remain valid for at least three months from submission.

​

3. Identification Documents

Valid passport or national ID copies—and UAE visa or Emirates ID where applicable—for:

  • Shareholders and ultimate beneficial owners

  • Directors and managers

  • Authorised signatories

  • Representatives operating or communicating on the account

​

4. Ownership and UBO Information

Applicants must provide:

  • Completed UBO Declaration Form.docx

  • Shareholding and ownership structure chart

  • Full ownership chain up to the natural-person UBOs

  • Source-of-wealth declaration for each UBO

  • Supporting evidence where requested

​

5. Source of Funds

A signed declaration explaining the legitimate source of funds intended for transactions with Al Rafidain Jewellery Trading LLC.

Supporting bank statements, invoices, contracts, audited accounts, or other evidence may be requested.

Source of Funds and Source of Wealth Declaration Form

​

6. Proof of Address

Recent proof of address, generally issued within the previous three months, for:

  • Registered company address

  • Principal place of business

  • Ultimate beneficial owners

  • Authorised representatives where requested

Acceptable evidence may include a utility bill, tenancy contract, government document, or bank correspondence.

​

7. Corporate Authorisation

Applicants may be required to provide:

  • Board resolution approving the business relationship

  • Authority letter identifying approved representatives

  • Specimen signatures

  • Contact details of authorised persons

​

8. Banking and Financial Documents

  • Recent company bank statement

  • Bank reference or letter of good standing, where requested

  • Audited financial statements or management accounts

  • Bank-account details held in the applicant’s legal name

Third-party payments may be rejected or require enhanced review.

​

9. Tax Documents

  • Tax Registration Number

  • VAT or tax-registration certificate

  • Relevant customs, import, export, royalty, duty, or tax records where applicable

​

10. Compliance Declarations

Completed and signed copies of:

​

11. AML and Responsible-Sourcing Policies

Where applicable:

  • AML/CFT and proliferation-financing policy

  • Sanctions compliance policy

  • OECD-aligned supply-chain policy

  • Responsible-sourcing procedures

  • Recent compliance training or independent-audit evidence

Applicants that do not have an existing supply-chain policy may review and complete the following document:

Supply Chain Policy.docx

​For reference, applicants may also review Al Rafidain Jewellery Trading LLC’s current compliance policy:

AML/CFT/CPF Summary Policy.pdf

AML/CFT/CPF and TFS Policies and Controls (Full Version).pdf

​

12. Transaction and Shipment Records

Applicants with existing operations may be asked to provide recent examples of:

  • Purchase and sales invoices

  • Contracts or purchase orders

  • Airway bills or bills of lading

  • Packing lists

  • Customs declarations

  • Assay or purity reports

  • Payment evidence

  • Relevant import or export documents

​

13. Precious-Metals Supply-Chain Information

Applicants must disclose the type, origin, and intended use of the gold, precious metals, gemstones, or jewellery they propose to trade.

Depending on the material, we may request:

  • Supplier KYC documents

  • Country and mine of origin, where applicable

  • Refinery or producer details

  • Chain-of-custody and traceability records

  • Evidence distinguishing mined, recycled, industrial, or jewellery material

  • Upstream due-diligence information

  • High-risk jurisdiction or conflict-affected area assessments

​

Document Submission

Scanned copies should be sent to:

kyc@alrafidain.ae — Account Opening & Compliance

General inquiries and dealing requests may be sent to:

info@alrafidain.ae — Inquiries & Dealing

Documents should be submitted in English. Certified translations may be requested for documents issued in another language. Originals, certified copies, notarisation, legalisation, or official stamps may be required for enhanced verification.

​

Screening and Consent

Information concerning the applicant, its owners, UBOs, directors, representatives, suppliers, and associated parties may be verified through applicable sanctions lists, PEP databases, adverse-media sources, public records, and reputable due-diligence platforms.

By submitting documents, the applicant confirms that the information is accurate and authorises its review and verification for account-opening, due-diligence, risk-management, and regulatory purposes.

Submission does not guarantee account approval or create an obligation for Al Rafidain Jewellery Trading LLC to establish a business relationship. The company may request additional information, suspend the assessment, or decline an application in accordance with its legal obligations and internal risk appetite.

bottom of page