Anti-Bribery and Corruption Policy

At AU Jewellery LLC, we are steadfastly committed to conducting our business with the highest standards of honesty, integrity, and transparency. As a key player in the import, export, and trading of precious metals, including gold and silver bars, in the United Arab Emirates, we recognize that bribery and corruption not only undermine trust but also distort fair competition and carry serious social and economic repercussions. In line with our commitment to ethical business practices, we have implemented this Anti-Bribery and Corruption Policy to prevent and address any unethical behavior within our operations.

Policy Principles

Zero Tolerance

We adopt a zero-tolerance approach to bribery and corruption in all its forms. This includes offering, giving, soliciting, or accepting bribes, kickbacks, or any other undue advantage, whether directly or indirectly, to influence business outcomes.

Compliance with Applicable Laws

We strictly adhere to all relevant anti-bribery and corruption laws, regulations, and international standards. This includes compliance with:

UAE Federal Law No. 3 of 1987 on Combating Fraud

UAE Federal Law No. 7 of 2016 on Anti-Money Laundering and Combating the Financing of Terrorism

Prohibition of Bribery

All directors, employees, agents, contractors, and representatives of AU Jewellery LLC are strictly prohibited from engaging in or facilitating any form of bribery or corrupt practices in connection with the company’s activities.

Gifts and Hospitality

We understand that gifts, hospitality, and entertainment can sometimes influence business decisions. To mitigate this risk, we have established clear and strict guidelines to regulate the giving and receiving of gifts and hospitality. These must always be:

Proportionate, reasonable, and transparent;

Compliant with applicable laws and ethical standards; and

Approved by the relevant authority within the company, where necessary.

Due Diligence

AU Jewellery LLC conducts thorough due diligence on all business partners, including suppliers, contractors, agents, and representatives, to ensure their integrity, ethical standards, and compliance with anti-bribery and corruption regulations. This process helps us mitigate risks and uphold our commitment to ethical business practices.

Conflicts of Interest

All directors, employees, and representatives must:

Disclose any actual or potential conflicts of interest related to their responsibilities;

Refrain from participating in activities or decisions where such conflicts may arise; and

Ensure transparency and accountability in their actions to avoid any perception of impropriety.

Policy Enforcement and Reporting

AU Jewellery LLC is committed to enforcing this policy through:

Regular training programs to raise awareness and ensure understanding of anti-bribery and corruption standards among all employees and stakeholders.

Robust internal controls and monitoring systems to detect and prevent unethical practices.

A secure and confidential reporting mechanism for employees and third parties to report any suspected incidents of bribery or corruption without fear of retaliation.

Conclusion

Our reputation as a trusted and ethical leader in the precious metals industry is built on our unwavering commitment to integrity and transparency. By adhering to this Anti-Bribery and Corruption Policy, AU Jewellery LLC aims to foster a culture of ethical behavior and accountability in all our operations. Together, we can ensure a fair and trustworthy business environment for our stakeholders and the communities we serve.