Know Your Customer (KYC) Policy

This Know Your Customer (KYC) Policy sets out the customer identification, verification and due diligence procedures applied by World Gold Diamonds to all counterparties in its gold trading, diamond trading, brokerage and export services. The policy is designed to prevent the Company from being used as a vehicle for money laundering, terrorist financing, fraud or sanctions evasion.

This policy applies to all new and existing customers, including buyers, sellers, agents, brokers, freight forwarders and financial counterparties, regardless of transaction value or relationship type.

• No business relationship will be established with an anonymous counterparty or one using a pseudonym
• Identity must be verified before any transaction is executed — not concurrent with or after
• The level of due diligence is proportionate to the assessed risk of the customer, jurisdiction and transaction
• Beneficial ownership must be established for all corporate and institutional clients
• KYC records are maintained and updated throughout the customer relationship
• All KYC processes comply with FATF Recommendations 10–12 and related guidance for DPMS

Individual customers are required to provide:

• Valid government-issued photographic identification (passport, national identity card or equivalent)
• Proof of residential address dated within the last three months (utility bill, bank statement or official correspondence)
• Tax identification number or equivalent where applicable
• Source of funds declaration for transactions above USD 10,000 or equivalent
• Source of wealth declaration for transactions above USD 50,000 or equivalent

All documentation must be current, legible and submitted in certified form where the customer is not physically present. Electronic document submission is accepted subject to certified copies being provided on request.

Corporate and institutional clients — including registered companies, partnerships, trusts and funds — are required to provide:

• Certificate of incorporation or equivalent constitutional document
• Memorandum and articles of association or equivalent constitutional documents
• Register of directors and confirmation of authorised signatories
• Register of shareholders and beneficial owners (UBO Register)
• KYC documentation for all beneficial owners holding 25% or greater interest
• Proof of registered business address
• Business licence or equivalent regulatory authorisation where applicable
• Most recent audited financial statements for transactions above USD 100,000

For entities incorporated in jurisdictions assessed as high-risk or subject to FATF enhanced monitoring, additional documentation and independent verification will be required.

Enhanced Due Diligence is mandatory where any of the following risk factors are present:

• Customer is resident or incorporated in a FATF grey-listed or high-risk jurisdiction
• Customer or beneficial owner is identified as a Politically Exposed Person (PEP)
• Transaction involves complex corporate structures with no apparent legitimate purpose
• Transaction value exceeds USD 100,000 or equivalent in a single or linked transaction
• Customer or transaction exhibits red flags identified in FATF DPMS guidance
• Adverse media or negative intelligence reports are identified during screening

EDD requires written approval from senior management and may include independent verification, site visits, third-party due diligence reports and legal opinions.

World Gold Diamonds treats all Politically Exposed Persons — and their immediate family members and close associates — as high-risk customers requiring Enhanced Due Diligence. This designation applies regardless of the PEP's current status (active or former) and applies for a minimum period of 12 months following cessation of their public role.

Engagement with a PEP requires written approval from the Board of Directors. The Company applies particular scrutiny to PEP relationships given the elevated risk of corruption and misuse of public assets in the precious minerals sector.

KYC is not a one-time process. The Company conducts periodic reviews of all customer relationships. Standard-risk customers are reviewed every two years; high-risk customers and PEPs are reviewed annually or when a material transaction or change in circumstances triggers a review. Customers are required to promptly notify the Company of any material change in their identity, ownership structure, beneficial ownership or business activities.

The Company reserves the right to refuse to enter into a business relationship, decline to execute a transaction, or terminate an existing relationship without prior notice where:

• Satisfactory KYC documentation cannot be obtained or verified
• The customer or beneficial owner is identified on a sanctions list
• The customer refuses to provide required documentation or information
• The Company has reasonable grounds to suspect money laundering or terrorism financing
• The customer provides false, misleading or fraudulent documentation

All KYC documentation, due diligence records, verification outputs and correspondence are retained for a minimum of five (5) years from the date of the last transaction or the termination of the customer relationship, whichever is later, in compliance with FATF Recommendation 11.

This policy is reviewed at least annually and updated as required to reflect changes in applicable legislation, regulatory guidance or the Company's risk assessment. For KYC documentation queries, contact: info@worldgolddiamonds.com