Compliance & Traceability

Compliance, traceability and responsible transactions

SEMIRO MINING SARLU applies vigilance procedures designed to guarantee the identity of the parties, the licit origin of gold, the traceability of operations and the compliance of transactions with applicable mining, tax, customs and financial provisions.

Identification and verification of suppliers and buyers

Verification of beneficial owners

Control of the licit origin of gold

Verification of suppliers’ authorisations

Control of the source of funds

Screening of politically exposed persons

Screening against national and international sanctions lists

Regulatory retention of documents

Reporting of suspicious transactions to CENTIF where required by regulation

Priority use of the banking channel

Documentary traceability of each lot

Compliance with AML/CFT/CPF obligations

Any business relationship is subject to a prior client and partner due-diligence procedure – KYC/KYB. SEMIRO MINING SARLU reserves the right to refuse any operation whose origin, financing, beneficiaries or traceability cannot be verified.

For each import or export operation, certificates of origin, tax supporting documents, customs documents and other required authorisations must be provided to the competent authorities.