05 / COMPLIANCE
ETHICS &
COMPLIANCE
Our compliance framework is not a box-ticking exercise — it is the operational core that makes Nile Precious Metals a trusted counterparty for institutional buyers worldwide.
Responsible Sourcing Policy
Zero tolerance for conflict minerals, child labour, or environmental violations.
Supply Chain Due Diligence
We conduct formal due diligence on all mineral supply chains in accordance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (5th Edition). All suppliers undergo annual KYC review and field inspection.
Child Labour Prohibition
All cooperative partnerships are subject to strict prohibition on child labour. Site visits include review of worker age documentation. We support community child protection programs in Mubende District.
Environmental Standards
Partner mining operations must comply with Uganda's National Environment Act. We conduct ecological impact assessments and require evidence of progressive land rehabilitation from all partners.
Community Benefit
2% of transaction value is contributed to our Mubende Community Development Fund. We publish an annual social impact report detailing fund allocation and outcomes.
Anti-Money Laundering (AML) Policy
Full FATF compliance, robust KYC procedures, and suspicious transaction reporting.
KYC & Customer Due Diligence
All buyers undergo mandatory Know Your Customer (KYC) verification before any transaction. This includes identity verification, business registration confirmation, beneficial ownership disclosure, and source of funds documentation.
Transaction Monitoring
All transactions are monitored against FATF risk criteria. Unusually structured or high-value transactions trigger additional review by our compliance officer. Records are maintained for a minimum of 7 years.
Suspicious Activity Reporting
We are registered with Uganda's Financial Intelligence Authority (FIA) and are obligated to file Suspicious Transaction Reports (STRs) in accordance with the Anti-Money Laundering Act 2013.
Sanctions Screening
All counterparties are screened against UN, EU, OFAC, and HMT sanctions lists before any transaction proceeds. We use automated screening tools updated in real time.
Export Regulations
Licensed under Uganda Ministry of Energy & Mineral Development.
Uganda Export Licensing
Nile Precious Metals holds a valid Mineral Dealer's and Mineral Exporter's licence from the Uganda Directorate of Geological Survey and Mines (DGSM). Licences are renewed annually and publicly verifiable.
Uganda Revenue Authority
All gold exports are declared to and cleared by the Uganda Revenue Authority. Export tax is paid on all shipments in accordance with Uganda's Mining Act 2003 and subsequent amendments.
International Trade Compliance
We comply with all destination country import regulations including REACH (EU), Dodd-Frank Section 1502 (US), and equivalent regulatory frameworks in all target markets.
Kimberley Process Equivalency
While applying only to diamonds, we apply equivalent conflict-mineral verification rigor to all gold sourcing under the ICGLR Regional Certification Mechanism for gold, tin, tantalum, and tungsten.
Certifications & Memberships
Industry-recognized certifications underpinning buyer confidence.
LBMA Responsible Framework
We supply to and work within the standards framework of the London Bullion Market Association (LBMA) Responsible Gold Guidance, ensuring our supply chain meets the expectations of the world's leading gold market.
ICGLR Membership
Active member of the International Conference on the Great Lakes Region (ICGLR) Regional Initiative Against the Illegal Exploitation of Natural Resources.
Uganda Chamber of Mines
Founding member of the Uganda Chamber of Mines and Petroleum, actively participating in industry standards development and policy advocacy.
Certificate of Origin
All export shipments are accompanied by a Certificate of Origin issued by the Uganda Ministry of Finance, Planning and Economic Development, verifying Ugandan provenance of all gold.
DOCUMENTATION
COMPLIANCE DOCUMENTATION
Full compliance documentation packages including Supply Chain Policy, AML Manual, and Certification Portfolio are available to verified institutional buyers upon request.