Anti-Money Laundering (AML) Policy Statement for Value Creation Trading LLC

Policy Statement

Value Creation Trading LLC as a goAML license holding entity registered under the Ministry of Economy of the United Arab Emirates, is dedicated to upholding the highest standards of compliance with the laws and regulations of the United Arab Emirates, particularly in the areas of anti-money laundering (AML) and counter-terrorism financing (CTF). As a registered entity involved in general trading, jewelry trading, and the trading of diamonds, pearls, and precious stones, we recognize our responsibility to implement effective measures to prevent our operations from being misused for illegal purposes.

Objectives

1. Regulatory Compliance: We commit to adhering to all relevant AML and CTF laws, including Federal Law No. 20 of 2018 and Cabinet Decision No. 10 of 2019, as well as international standards set by the Financial Action Task Force (FATF).
2. Risk Management: We will conduct thorough risk assessments to identify and mitigate potential money laundering and terrorism financing risks associated with our business activities.
3. Customer Due Diligence: We will implement comprehensive customer due diligence (CDD) procedures to verify the identity of clients and assess their risk profiles. Enhanced due diligence will be applied to high-risk customers.
4. Transaction Monitoring: We will establish risk-based systems and procedures to monitor customer account activities and identify suspicious transactions.
5. Reporting Procedures: We will have clear procedures for reporting suspicious activities internally and to the relevant authorities, including the Financial Intelligence Unit in the UAE.
6. Record Keeping: We will maintain accurate records of all transactions, client identities, and due diligence measures for the minimum periods required by local regulations.
7. Employee Training: We will provide ongoing training for all employees to ensure they are aware of AML regulations and can recognize and report suspicious activities.
8. Management Oversight: Regular reports on AML matters will be provided to senior management to ensure effective governance and compliance.

By implementing this AML policy, Value Creation Trading LLC aims to protect the integrity of our operations and contribute positively to the financial system while promoting a culture of compliance and ethical business practices.