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Your Trusted Path to Compliant Trading.
Responsible Sourcing
Integrity Across Every Business Relationship
Al Rafidain Jewellery Trading LLC is committed to the responsible trading of gold, precious metals, gemstones, and jewellery.
Our reputation depends on conducting business with integrity and applying appropriate due diligence to our customers, suppliers, products, and transactions.
Our Commitment
We recognise that trading in precious metals and jewellery may involve financial-crime, sanctions, geographic, and counterparty risks.
We are committed to respecting human rights, preventing financial crime, and avoiding any activity connected directly or indirectly with:
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Serious human-rights abuses
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Forced labour or child labour
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Support for unlawful armed groups
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Bribery, corruption, fraud, or tax evasion
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Money laundering or terrorist financing
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Proliferation financing
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Sanctions evasion
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Smuggling or unlawful trade
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Concealment or misrepresentation of the origin, ownership, purity, weight, or value of goods
We expect our customers, suppliers, and business counterparties to provide accurate information, maintain appropriate records, and cooperate fully with our due-diligence requirements.
Responsible Business Management
Our responsible-trading framework includes:
1. Management Systems
We maintain internal policies, defined responsibilities, compliance oversight, recordkeeping procedures, employee training, and escalation channels supporting responsible business practices.
2. Customer and Supplier Due Diligence
Before establishing a business relationship, we may identify and verify:
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The customer or supplier
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Shareholders and ultimate beneficial owners
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Directors and authorised representatives
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Nature and purpose of the proposed relationship
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Source of funds and, where applicable, source of wealth
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Expected transaction activity
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Origin and destination of the goods
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Relevant business counterparties
3. Risk Assessment
We assess relevant customer, supplier, jurisdictional, product, transaction, sanctions, and financial-crime risks.
Enhanced due diligence may be conducted where higher-risk indicators, complex ownership structures, unusual transactions, adverse information, or concerns regarding the origin or ownership of goods are identified.
4. Risk Response
Where a material risk is identified, Al Rafidain Jewellery Trading LLC may:
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Request additional documents or clarification
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Conduct enhanced due diligence
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Require appropriate risk-mitigation measures
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Delay or reject a transaction
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Suspend or terminate a business relationship
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Submit a regulatory report where required by law
5. Monitoring and Review
Approved customers and suppliers remain subject to ongoing monitoring, periodic KYC updates, sanctions screening, transaction reviews, and reassessment of relevant risks.
Customer and Supplier Expectations
Customers and suppliers must:
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Provide complete, accurate, and current information
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Disclose the nature and origin of goods being traded
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Maintain appropriate business and transaction records
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Cooperate with information and verification requests
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Avoid dealing with sanctioned or prohibited parties
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Notify us of material ownership or business changes
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Conduct their activities lawfully and responsibly
False documentation, concealment of material information, refusal to cooperate, or attempts to circumvent due-diligence controls may result in immediate rejection, suspension, or termination of the business relationship.
Company Policies and Documents
The following documents support our compliance and responsible-sourcing framework:
The Supply Chain Policy and declaration forms should be published only after their placeholders and identified legal issues have been corrected.
Reporting Responsible-Sourcing Concerns
Customers, suppliers, employees, and other stakeholders may report concerns involving the origin of goods, supply-chain integrity, human-rights risks, financial crime, sanctions, or suspected misconduct.
Responsible-sourcing and compliance matters:
kyc@alrafidain.ae
General inquiries and dealing:
info@alrafidain.ae
Reports will be reviewed confidentially and handled in accordance with applicable legal and internal requirements. Information should be submitted honestly and in good faith.