Legal
PNZ Bullion LLC is incorporated and has legal seat in Delaware, USA (Company Document Number: ). As such, PNZ Bullion is subject to USA law, including the following specific Laws and Acts that have relevance to our business activities and those of our Clients:
- As a Precious Metals Dealer, PNZ Bullion is subject to the BSA/Patriot Act, Dodd Frank Act Section 1502.
- When acting as a financial intermediary, PNZ Bullion is subject to the BSA Act (Bank Secrecy Act) on Combating Money Laundering and Terrorist Financing in the Financial Sector. Consequently, as required under BSA/Patriot Act, PNZ Bullion is subject to the supervision of OFAC and FinCEN of the USA Department of the Treasury.
- PNZ Bullion is audited annually by independent authorized third parties to prove its compliance with the USA Anti Money Laundering federal law.
KYC and AML Process
PNZ Bullion places great importance on maintaining the privacy and confidentiality of its Clients within the framework of the law. Our internal due diligence procedures are regularly updated to ensure compliance with changes in USA laws and statutes.
Under USA Law, PNZ Bullion is required to obtain, verify and record ownership and specific business information about its Clients prior to opening a business relationship and establishing an account.