All trades are governed by standard compliance regulations that apply to financial institutions operating in Europe, and including the United Kingdom and Switzerland. These regulations ensure that all parties to each trade supply information sufficient to ensure that the remitting and receiving banks complete all required screening to comply with current “Know Your Customer” and Anti-Money Laundering regulations.
As such, we are required to obtain the following documentation from sellers:
This may be a general resolution whereby the company authorises a named person to represent the company for the purposes of agreeing trades with buyers.