Legal & Compliance

AML, KYC, KYP identification procedures

Valcambi is a company incorporated under the laws of Switzerland (Company Identification Number: CHE-102.067.731), subject to the Swiss Federal Act on the Control of Trade in Precious Metals and Precious Metals Control Act (PMCA), the Swiss Federal Act on Combating Money Laundering and Terrorist Financing (AMLA), and to the associated Ordinances.

Valcambi is supervised by the Swiss Precious Metals Control Office.

As a leading London Bullion Market Association (LBMA) and London Platinum and Palladium Market (LPPM) Good Delivery accredited refiner, Valcambi conducts all its business to the highest legal, ethical, moral, and social responsibility standards.

Integrity, honesty, and transparency are the foundation of our business.

Valcambi is audited annually by independent authorised third parties to prove its compliance with the LBMA Responsible Gold Guidance in the current version.

To continuously meet the world’s strictest industry standards, Valcambi is committed to act in compliance with the regulations in force in all the countries where it operates, respecting the national and international laws.

Valcambi carefully and constantly monitors the introduction of new regulations and any changes to those in force, adapting its activities to the new rules.

Know Your Customer/Anti-Money Laundering (KYC/AML) and Know Your Product (KYP) process

Subject to its duties as specified by applicable Swiss and international laws, regulations, and by KYC/AML and KYP rules and standards, Valcambi is required to obtain, verify, and record specific business information about any potential counterparties prior to opening an account and establishing a business relationship.

Our objective is to ensure that compliance becomes a value shared among all the stakeholders involved in our activities and a key element of our corporate culture

Alessandra Fuini Hofer - Compliance Officer

Step 1

Step 1
Step 2

Step 1

The applicant counterparty is required to provide all the relevant information by filling in the Contact form.

Once received, the request is promptly processed by our Sales Department, and if suitable, the Legal and Compliance Department processes all the information and documents provided for further review and analysis, in accordance with internal policies and procedures and with all applicable legal requirements.

Following a first screening, our Legal and Compliance Department may require the applicant counterparty to provide answers to further questions.

Step 2

Once we have deemed the KYC/KYP information and documents complete and compliant with all our internal policies and legal requirements, the applicant counterparty is required to send Valcambi the full set of original documentation, including notarised/apostilled documents, where required.

Valcambi adopts a Secured Data Storage (SDS) system that strengthens its precious metals sourcing process and allows increased transparency and sharing of information.

Based on blockchain technology, the SDS system requires the applicant counterparty to upload into the database, all due diligence information, data, and documents that are required by the most stringent due diligence standard.

Valcambi will provide the applicant counterparty with all the information necessary to operate efficiently with the SDS system.

Upon receipt and verification of the documents concerned, Valcambi will evaluate opening the account.

Valcambi will keep strictly confidential and will not in any manner disclose or permit the disclosure of all counterparty information and data, in compliance with all the highest standards, the Swiss data protection law, and the General Data Protection Regulation (GDPR) of the European Union.

Please feel free to get in touch with us through our Contact form.