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Origin Rules

Introduction

We have established internal sourcing procedures that aim at ensuring that the mining and sale of the precious and non-precious metals, gemstones, and minerals materials we trade have not directly or indirectly contributed to abuses of human rights, terrorism financing, conflict, irremediable environmental degradation, and that they fully comply with anti-money laundering standards.
While we remain committed to supporting responsible sourcing from those regions in which specific mining operations and trade may present risks, we have defined a list of countries of origin from which Moriox does not accept materials. This list is based on considerations in respect of the various jurisdictions’ applicable laws and sanctions (US, EU, SECO, UK, UN, and others relevant to our sector), and on the requirements of the various voluntary and mandatory standards Moriox complies with, as well as further internal assessments.
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List of countries of origin Moriox does not accept materials from:

  • ABC Islands (Aruba, Bonaire, Curaçao)
  • Afghanistan
  • Central African Republic
  • Cuba
  • Democratic Republic of Congo
  • Guinea Bissau
  • Guinea Conakry
  • Iran
  • Libya
  • Mali
  • Myanmar
  • North Korea
  • Russia
  • Somalia
  • South Sudan
  • Sudan
  • Syria
  • Venezuela
  • Yemen

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    Due diligence Procedure

    AML stands for Anti-Money Laundering, which refers to a set of policies, procedures, and regulations implemented by financial institutions and other regulated entities to prevent and detect money laundering and other illicit activities such as terrorism financing, fraud, and corruption. The policy typically includes:
  • Customer Due Diligence (CDD) procedures to verify the identity of customers and assess their risk level.
  • Enhanced Due Diligence (EDD) procedures for high-risk customers, including politically exposed persons (PEPs).
  • Transaction monitoring to identify suspicious activities and transactions.
  • Reporting requirements for suspicious activities or transactions to relevant authorities.
  • Ongoing employee training to ensure that staff are aware of the risks associated with money laundering and how to detect and report suspicious activities.
  • A risk-based approach to AML, where measures are proportional to the risk level of the customer, country, and product or service.
  • The appointment of a designated Compliance Officer responsible for implementing and overseeing the AML policy.
    • All business partners must provide the related procedures of their KYC, AML/CFT, KYP, and ESG factors so that we can verify that they aligned with Moriox's procedure. We will ask for the following documentations.

  • License /Certificate of Registration;
  • By-law / Articles of Association;
  • AML / CFT / KYC Policy / Guidelines;
  • List of Shareholders / owners and their respective shareholding percentage
  • List of Board of Directors (or Trustees) including their nationalities & shareholders they represent
  • List of Management Team indicating their respective positions and the number of years of service.
  • Annual Report & Financial Statement.