Compliance

As a company, we strive to conduct business in accordance with the highest ethical standards. This includes compliance with all applicable laws and regulations aimed at combating money laundering and terrorism financing. Qualis Trading has developed and regularly updates an internal policy to mitigate the risk of money laundering and terrorism financing associated with its operations and the turnover of goods. Qualis Trading is registered on the GoAML platform, developed by the UAE's Financial Intelligence Unit as a strategic response to the United Nations Office on Drugs and Crime (UNODC) for combating money laundering and terrorism financing.

Qualis Trading adheres to international sanction legislation in its global operations. We do not engage in commercial transactions involving countries, territories, organizations, individuals, goods, or services under sanctions. We avoid transactions that expose our business or our clients' businesses to sanction risks. To manage sanction risks, our specialists conduct daily monitoring of sanction regimes. We verify all jurisdictions with which we conduct business to ensure compliance with sanctions imposed on sub-sanctioned countries or territories. We also monitor sanction legislation to ensure that our company does not engage in transactions aimed at or contributing to the evasion of sanction rules.

Qualis Trading regularly conducts training for its employees and performs Know Your Customer (KYC) checks on all its counterparts. Our policy involves conducting comprehensive due diligence at the outset of any business relationship and, when necessary, on suppliers, distributors, clients, agents, and other counterparts with whom Qualis Trading is already doing business. This ensures that we can be confident they are who they claim to be, and we can guarantee the absence of legal impediments for conducting transactions and entering contracts.

As a participant in the licensed precious metals trading activity, Qualis Trading is obliged to conduct thorough checks on each counterpart in accordance with the requirements of the Dubai Government. Additionally, Qualis strictly adheres to all requirements of the UAE Central Bank and commercial banks in the country regarding foreign trade activities.