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Due Diligence on Prospects and Clients

Learn about our comprehensive client due diligence approach and safeguard your business relationships effectively. Contact us now.

tct client due diligence

Client Due Diligence 

Explore personalized client due diligence services designed to be responsive to your unique needs.

TCT The Commodity Traders, B.V., follows the global standards for Client Due Diligence (CDD) before accepting any new client. This is to ensure that our client base is free from persons who are involved in money laundering, other criminal activities or any activities that could damage our reputation.

We firmly believe that this also protects the reputation of our clients in the best possible way. We comply with all the relevant laws, rules and regulations on client due diligence as it is not only a requirement but also a benefit for our clients. We have trained staff with expertise in this area in all our offices who assist our relationship managers in obtaining the necessary information on the identity, activities and financial background of our prospective and existing clients.

General Principles of the Client Acceptance Policy

The Client Acceptance Policy is based on these General Principles:

  • TCT does not deal with anonymous or fictitious Clients.

  • TCT assigns different risk categories to Clients and determines the acceptance criteria for each category according to the risk level;

  • TCT performs due diligence and identification procedures for new Clients, as required by the AML (Anti Money Laundering) Guideline, before activating an account;

  • TCT declines anonymous or fictitious Clients.

Responsible Insurance: Customer Due Diligence

TCT is committed to complying with all applicable laws, regulations and internal standards in its activities. To this end, TCT will:

  • Use all reasonable means to ensure that its customers are reputable and trustworthy;

  • Use all reasonable means to detect and prevent any abuse of its services for money laundering or terrorist financing purposes;

  • Use all reasonable means to collaborate with relevant government authorities in enforcing anti-money laundering and terrorist financing laws.

TCT will not accept a customer in the following situations:

  • If the customer survey fails to identify, verify and establish the purpose and intended nature of the relationship and/or if the customer refuses to provide the required information;

  • If the customer is subject to sanction regulations (Sanctions Act);

  • If the customer or its branches do not adhere to generally accepted and ethical principles, such as:

    • Respect for human rights;

    • Social responsibility (including no child labour, forced labour or violation of international labour rights);

    • Environmental protection;

    • Anti-corruption;

    • No production or trade of (controversial) weapons.

  • If the customer has a negative reputation or publicity;

  • If there are signs that the customer is involved in money laundering and/or terrorist financing.

At TCT, we value our clients and we want to establish a long-term relationship based on trust and professionalism. That is why we have a due diligence process for all prospective clients who are introduced or referred to us. This process involves the following steps:

  • We verify that our clients are reputable and recognized in their industry, and we ask them to provide references from their previous or current partners.

  • We require our clients to disclose all the entities and domiciles that are relevant to their business operations and transactions.

  • We request our clients to provide us with financial statements for at least one year to demonstrate their financial viability and stability.

  • We obtain a credit report for each client to assess their creditworthiness and risk profile.

  • We obtain a Dun & Bradstreet report (or equivalent) for the partners that our clients contract with, before we sign any contracts with them.

In addition, we conduct a physical inspection of our clients' facilities and we always prefer to deal with the principals personally. This allows us to get a better understanding of their business needs and expectations.

We understand that some clients may not be able to provide all the financial information that we request, but they may still be credible based on our personal inspection of their facilities. In such cases, we will apply a more rigorous contractual process, which may include performance bonds, to ensure the quality and reliability of our services.


Our group keeps records of our professional services, our staff access, and other information that helps us serve your needs and run our business according to professional standards. We protect your personal non-public information with physical, electronic, and procedural safeguards that meet our professional standards.

NOTE: TCT only deals with products and services that have been pre-screened and approved by sellers and buyers. This way, we can give our clients the documents and information they need to check the availability and quality of the products and services we offer.

We know that every fuel transaction is different, so we adapt to each one according to its specific features.

TCT The Commodity Traders, B.V., has a specialized team called TCT-GRC (TCT Governance, Risk, and Compliance). This team consists of experienced professionals who have expertise in legal operations, commodity trading and risk management. They help clients improve their management strategies and cope with any challenges they may face, no matter how complex or demanding.

If you want to know more about TCT The Commodity Traders, B.V., how we keep your personal information confidential, or our products and/or services, please e-mail us or call us at +31 (0) 15 369 3100.

Additional Services Related to Enhanced Due Diligence

TCT-GRC also offers Information Risk Compliance Services through our Solutions line of business. These services help clients assess and manage the risks involved in their transactions.


Additional solution services include the following:

  • FSRA (Full Strategic Risk Assessment) Solutions: These solutions help clients evaluate the strategic implications of their transactions and identify potential opportunities and threats.

    • Know Your Customers (KYC) Solutions: These solutions help clients verify the identity and legitimacy of their customers and comply with anti-money laundering and anti-terrorism regulations.

    • Supplier Quality Management Program (SQMP): These solutions help clients optimize the transportation and delivery of their products and services.

What a New Client Can Expect

tct-grc edd brochure

Download TCT-GRC Enhanced Risk Assessment Brochure to learn how to manage risks effectively. It covers the risk management process, best practices and key benefits. TCT-GRC offers innovative solutions and services to help your business succeed.

TCT-GRC Enhanced Due Diligence Brochure

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