Anti-Money Laundering (AML) Policy

Golden Egg Enterprises LLC – FZ is a licensed UAE entity supervised by the Ministry of Economy and classified as a Designated Non-Financial Business and Profession (DNFBP). GEE is committed to upholding the highest standards in Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) in full compliance with UAE laws and international frameworks.

Our Commitment

We maintain a strict compliance regime aligned with:

  • UAE Federal Decree Law No. (20) of 2018 and related Cabinet Decisions
  • Guidance issued by the Ministry of Economy and the Central Bank of the UAE
  • Recommendations of the Financial Action Task Force (FATF)
  • International best practices for dealers in precious metals and stones

Policy Highlights

  • Risk-Based Approach (RBA): Comprehensive internal risk assessments factoring in customer, geographic, transaction, and delivery channel risk
  • Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD): Mandatory KYC for all clients and partners, including screening for politically exposed persons (PEPs) and high-risk entities
  • Transaction Monitoring: Real-time screening against UN, OFAC, and UAE sanctions lists
  • Suspicious Activity Reporting (SAR): Prompt reporting via goAML system in line with regulatory obligatio & Record Keeping: All AML-related records retained for a minimum of 5 years
  • Record Keeping: All AML-related records retained for a minimum of 5 years

Roles & Governance

  • Compliance Officer / MLRO: Independently appointed, reports directly to the Board
  • Board of Directors: Oversees risk management and policy implementation
  • Staff Training: Mandatory induction and annual refresher AML training for all employees

International Sanctions & Prohibitions

GEE strictly prohibits dealings with sanctioned individuals, entities, and jurisdictions as defined by:

  • UAE authorities
  • United Nations Security Council (UNSC)
  • United States, European Union, and United Kingdom
  • This includes a prohibition on any activities related to Cuba, Iran, North Korea, and other blacklisted regions.

Frequently Asked Questions

Find answers to common questions about our AML policies and compliance measures.

Golden Egg Enterprises maintains a zero-tolerance policy toward money laundering, terrorist financing, and financial crime. We implement robust internal controls in line with UAE law and international best practices.

Yes. GEE is a licensed entity under UAE law and is supervised by the Ministry of Economy as a reporting entity for AML/CFT compliance

Our AML policy complies with:

  • UAE Federal Decree Law No. (20) of 2018 on AML & CFT

  • Cabinet Decisions and Ministerial guidelines

  • FATF Recommendations

  • International regulatory guidance for dealers in precious metals and stones

We conduct mandatory Know Your Customer (KYC) and Enhanced Due Diligence (EDD) checks on all clients and suppliers. This includes identity verification, sanction list screening, and risk classification based on jurisdiction, transaction type, and PEP exposure

Yes. All unusual or suspicious transactions are investigated and reported to the UAE Financial Intelligence Unit (FIU) via the goAML system in compliance with UAE regulations.

We apply Enhanced Due Diligence for any cash-based transaction at or above AED 55,000. Structured or suspicious activity is flagged and monitored in real-time.

Yes. All staff receive mandatory AML training during onboarding and annual refresher sessions. Our Compliance Officer oversees ongoing awareness and compliance education.

No. GEE does not engage in any transactions or partnerships with individuals or entities listed under UAE, UN, US, EU, or UK sanctions. This includes countries such as Iran, North Korea & Cuba

For further details or to request a copy of our full AML/CFT policy, please contact us at:
📧 info@goldeneggenterprises.com

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