At Meriden, we operate in the resources and mining sector with a steadfast commitment to the highest standards of integrity, transparency, and accountability. Recognizing the unique financial and reputational risks inherent in this sector, we rigorously enforce Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, in full compliance with UAE, U.S., and international laws and standards.

Given the global and high-value nature of mining and resource transactions, Meriden implements stringent KYC procedures to verify all clients, partners, and counterparties. These include:

• Verification of government-issued identification and corporate registration documents.
• Screening against international sanctions lists, Politically Exposed Persons (PEP) databases, and adverse media sources, especially for entities in high-risk jurisdictions.
• Evaluation of the origin of funds, ownership structures, and the intended purpose of resource or commodity transactions.
• Ongoing monitoring of transactions to ensure consistency with known customer profiles, including trade, shipping, and procurement activities.

We comply with the UAE Central Bank and Financial Intelligence Unit (FIU) under Federal Decree-Law No. 20 of 2018 on AML-CFT. Our obligations include:

• Reporting suspicious activities or transactions to the UAE FIU.
• Applying enhanced due diligence (EDD) for high-value or cross-border mining and commodity transactions.
• Maintaining comprehensive records of due diligence and transaction history for a minimum of five (5) years.

Meriden adheres to the Bank Secrecy Act (BSA), the USA PATRIOT Act, and FinCEN regulations, which require:

• Implementation of a robust Customer Identification Program (CIP).
• Filing of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) where applicable.
• Regular training of staff to detect, escalate, and mitigate AML risks, particularly in resource exports, joint ventures, and high-value procurement.

Meriden aligns with international frameworks established by the Financial Action Task Force (FATF) to ensure consistent enforcement of KYC and AML policies across all jurisdictions. We place particular emphasis on sectors prone to corruption, trade-based money laundering, and politically exposed operations.

Through rigorous KYC and AML procedures, Meriden is committed to:

• Safeguarding the integrity of the global mining and resource supply chain.
• Preventing illicit activities such as money laundering, fraud, bribery, and the financing of conflict or terrorism.
• Ensuring transparency and trust with investors, governments, regulators, and local communities.

Meriden remains fully dedicated to compliance, transparency, and the prevention of financial crime in the resources and mining sector worldwide.