ACCOUNT OPENING
ACCOUNT OPENING
REQUIREMENTS
To have access to our large variety of services & products, potential customers must open an account with us. The requirements are as follows:
COMPANY REGISTRATION
DOCUMENTS
01.
- Memorandum of Association (and necessary amendments, if any)
- Articles of Incorporation
- Certificate of Incorporation/Shares Certificate
VALID TRADE
LICENSE
02.
- Minimum of 3 months before expiration
PASSPORT COPY & VISA PAGE
03.
- Beneficial Owners / Shareholders
- Authorized Signatory/ies
- Person/s who will operate the account
BOARD RESOLUTION
04.
- Stating the intention to open an account and its purpose, with information of the person who will operate the account.
AUTHORIZATION LETTER
- For the people who are authorized by the company to communicate with the refinery for any services or to give any instructions of pick up/ Delivery of the metals. (see attached draft to be printed on your company letterhead)
LATEST UTILITY BILL OR TENANCY CONTRACT
05.
- Registered Address (as per the license)
- Office/Principal Address (primary address where the business activity is performed)
- Each beneficial owners/directors/signatories of the company
VAT REGISTRATION
CERTIFICATE/ TRN
NUMBER
06.
UNDERTAKINGS
07.
- OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas
- RJC Code of practice
- DMCC Rules for Risk Based Due Diligence in the Gold & Precious Metals Supply Chain
DULY COMPLETED ACCOUNT OPENING FORM
08.
DULY COMPLETED
SUPPLY CHAIN
QUESTIONNAIRE
09.
DULY COMPLETED
AML-CFT QUESTIONNAIRE
AML-CFT QUESTIONNAIRE
10.
11.
- Kindly send the scanned copies of the required documents to [email protected] for the initial assessment.
IMPORTANT
INFORMATION
- We only accept documents in English or Arabic.
- The list above are basic minimum requirements, we may request for additional supporting documents.
- Documents and information including the company, shareholders, beneficial owners, and person/s who will operate the account are processed and checked against the World-Check database and other third-party due diligence software and service providers as part of our compliance procedure.
- For further assistance and clarification, please contact the Compliance Department by phone at +971 4 874 8668 or by email at [email protected].
- All client's information will remain confidential and not to disclose it to anyone.
- SAM Precious Metals should acknowledge the recipient of all account opening document and reserve the right to accept or reject the application without disclosing the reasons.