Goldman Whites Investment L.L.C is committed to preventing money laundering, terrorist financing, and other financial crimes. We strictly adhere to the laws and regulations of the United Arab Emirates, including the UAE Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and related regulatory guidelines.
This Anti-Money Laundering (AML) Policy outlines our approach to detecting, preventing, and reporting suspicious activities.
Purpose
The purpose of this policy is to:
Prevent the use of Goldman Whites Investment L.L.C’s services and systems for money laundering, terrorist financing, or illegal activities
Comply with all applicable UAE AML regulations
Promote a culture of transparency, accountability, and integrity
Customer Due Diligence (CDD)
Goldman Whites Investment L.L.C follows strict Customer Due Diligence procedures to verify the identity of all clients, partners, and counterparties. This may include:
Obtaining and verifying identification documents
Understanding the nature of business relationships
Assessing the purpose and intended nature of transactions
Enhanced due diligence may be applied to higher-risk clients or transactions.
Monitoring and Reporting
All transactions are monitored for unusual or suspicious activity. Where required by UAE law, Goldman Whites Investment L.L.C will report suspicious transactions to the Financial Intelligence Unit (FIU) or other relevant authorities.
Employees are trained to recognize and escalate any suspicious activity in accordance with regulatory requirements.
Record-Keeping
Goldman Whites Investment L.L.C maintains records of all relevant transactions, customer identification, and due diligence processes for the period required under UAE law. Records are stored securely to ensure confidentiality and integrity.
Employee Responsibility
All employees are required to:
Comply with this AML Policy and relevant UAE laws
Complete AML training and awareness programs
Immediately report any suspected money laundering or terrorist financing activities
Non-compliance may result in disciplinary action, including termination of employment.
Review and Updates
This AML Policy is reviewed periodically to ensure compliance with changes in UAE law, regulatory guidance, and best practices. Updates will be reflected in the most current version available on our website.
Contact Information
For questions regarding this AML Policy or to report suspicious activities, please contact:
Goldman Whites Investment L.L.C
1501, The Burlington Tower, Business Bay, Dubai, United Arab Emirates
+971 4 770 0871
info@goldmanwhites.com
www.goldmanwhites.com