Due Diligence on Prospects and Clients

Safeguard Your Business Relationships with Proven Verification

Discover Our Approach: Learn about our comprehensive client due diligence process designed to protect your business relationships effectively. Contact us now.

Ensuring Customer Integrity and Regulatory Compliance

Our Commitment to Transparency, Trust, and Risk Prevention

Our Compliance Promise

At TCT, we are fully dedicated to complying with all applicable laws, regulations, and internal standards. To uphold this commitment, we use every reasonable measure to:

Verify that our customers are reputable and trustworthy.
Detect and prevent any misuse of our services for money laundering or terrorist financing.
Collaborate closely with government authorities to enforce anti-money laundering and terrorist financing laws.

Strict Customer Acceptance Guidelines

To maintain the highest standards of integrity, TCT will not accept a customer if:

The customer survey is unable to identify, verify, and establish the purpose and intended nature of the relationship, or if the customer refuses to provide the required information.
The customer is subject to sanction regulations (Sanctions Act).
The customer or its branches fail to adhere to widely accepted ethical principles, including respect for human rights, social responsibility (prohibiting child labour, forced labour, or violations of international labour rights), environmental protection, anti-corruption, or involvement in the production or trade of controversial weapons.
The customer has a negative reputation or adverse publicity.
There are any indications that the customer is involved in money laundering and/or terrorist financing.

By rigorously enforcing these guidelines, TCT safeguards its operations, preserves its reputation, and ensures the long-term integrity of our business relationships.

Client Due Diligence

Upholding Integrity and Global Compliance

Adhering to Global Standards

At TCT The Commodity Traders, B.V., we follow rigorous global standards for Client Due Diligence (CDD) prior to onboarding any new client. This comprehensive process ensures that our client base remains free from individuals involved in money laundering, other criminal activities, or any actions that could jeopardize our reputation.

Protecting Reputation and Ensuring Compliance

We believe that rigorous due diligence not only safeguards our own standing but also enhances the reputation of our clients. Complying with all relevant laws, regulations, and best practices is both a mandatory requirement and a strategic advantage for our partners. Our dedicated team of experts—located in all our offices—works closely with relationship managers to obtain and verify critical information about the identity, activities, and financial background of our prospective and existing clients.

General Principles of the Client Acceptance Policy

Core Guidelines for Client Engagement

At TCT The Commodity Traders, B.V., our Client Acceptance Policy is founded on a set of unwavering principles designed to ensure transparency, accountability, and compliance in every client relationship. These core guidelines help mitigate risks and uphold our reputation while fostering trust and security for all our stakeholders.

Verified Client Identities We engage exclusively with clients whose identities are fully verifiable. Anonymous or fictitious entities are not accepted under any circumstances.
Risk-Based Categorization Clients are evaluated and assigned to distinct risk categories. Acceptance criteria are tailored to the risk level of each client, ensuring that our engagements are both secure and strategic.
Comprehensive Due Diligence In strict adherence to AML (Anti Money Laundering) guidelines, we perform rigorous due diligence and identification procedures for all new clients before activating an account. This process ensures full compliance with international regulatory standards.
Rejection of Unverifiable Entities Consistent with our commitment to transparency, TCT declines to engage with any client that presents an anonymous or fictitious profile.

By strictly applying these principles, TCT ensures that all client engagements are secure, compliant, and aligned with our ethical standards, ultimately safeguarding both our business and the interests of our valued partners.

Compliance and Customer Vetting Policy

Ensuring Trust, Integrity, and the Prevention of Abuse

At TCT, we are fully committed to meeting all applicable laws, regulations, and internal standards throughout our operations. Our rigorous approach to customer screening is designed to ensure that every relationship we forge is built on a foundation of trust and integrity.

Our Commitment to Upholding the Law

Reputation Verification: We employ all reasonable measures to confirm that our customers are reputable and trustworthy.
Abuse Prevention: We utilize robust techniques to detect and prevent any misuse of our services for money laundering or terrorist financing.
Collaboration with Authorities: We actively cooperate with relevant government authorities to enforce anti-money laundering and terrorist financing laws.

Customer Rejection Criteria

TCT will not accept a customer if:

The customer survey fails to properly identify, verify, and establish the purpose and intended nature of the relationship, or if the customer refuses to provide the required information.
The customer is subject to any sanction regulations (Sanctions Act).
The customer or its branches do not adhere to widely accepted ethical principles such as respect for human rights, social responsibility (including the prohibition of child labour, forced labour, or violations of international labour rights), environmental protection, anti-corruption practices, or refraining from the production or trade of controversial weapons.
There are indications of a negative reputation or adverse publicity.
There are signs that the customer is involved in money laundering and/or terrorist financing.

By strictly enforcing these standards, TCT safeguards its operations and upholds the integrity of all our business relationships.

TCT-GRC Enhanced Due Diligence Brochure

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TCT

THE COMMODITY TRADERS

COMMODITIES OF THE WORLD