Compliance & KYC

ASCENDIUM GROUP - FZCO is a free zone company licensed by the International Free Zone Authority (IFZA), Dubai, licence No. 58930. We conduct our business in accordance with the laws of the United Arab Emirates, including applicable anti-money laundering (AML) and counter-terrorist financing (CTF) requirements, and we expect the same standards from our clients and partners.

Know your customer

Before entering into a business relationship or a transaction, we identify and verify our counterparties. Depending on the case, we may request:

• company registration documents, trade licence and constitutional documents;
• information on directors, authorised signatories and ultimate beneficial owners, with identity documents;
• confirmation of the registered address and banking details;
• information on the nature of the business, the source of funds and the origin of goods.

We may request additional information at any stage of the relationship and update it periodically.

Screening

Counterparties and their beneficial owners are screened against applicable lists, including the United Nations Security Council consolidated list and the UAE local terrorist list, as well as other restrictions relevant to the specific transaction, the goods and the jurisdictions involved.

Risk-based approach

The depth of due diligence depends on the risk profile of the counterparty and the transaction. Higher-risk relationships are subject to enhanced due diligence, and we monitor transactions for consistency with the counterparty's known profile.

Our commitments

• We do not work with anonymous counterparties or structures whose ownership and control cannot be established.
• We do not facilitate transactions involving prohibited goods or restricted parties.
• We decline or suspend a relationship where information is incomplete, inconsistent or raises concerns, and we report suspicious activity to the competent authorities where required by law.
• Payments are made only through regulated banks and financial institutions; we do not accept cash.
• We keep due diligence records for the period required by law.

Confidentiality

Information and documents provided for due diligence are handled confidentially, used only for compliance purposes and processed in line with our Privacy Policy.

Contact

For compliance and KYC questions, write to [email protected].