Regulatory Compliance
Transparency, integrity, compliance
Licensed Operations
JL ABUGOLD Limited operates as a licensed Self-Finance Aggregator under the jurisdiction of the Ghana Minerals Commission. Our licensing ensures that all operations meet the strict regulatory requirements set forth by Ghanaian authorities.
We maintain full compliance with Ghana GoldBod regulations, which govern the aggregation, storage, and export of gold within Ghana. Our license requires regular audits, reporting, and adherence to ethical sourcing standards.
All transactions are conducted in accordance with international precious metals trading standards and best practices, ensuring the highest level of professionalism and integrity.
Licensing Authority
Ghana Minerals Commission
Ministry of Lands and Natural Resources, Republic of Ghana
Self-Finance Aggregator License
Licensed to aggregate gold from multiple licensed small-scale miners, providing secure storage, assaying, and export services under Ghana Minerals Commission supervision.
Ghana GoldBod Compliance
Full adherence to Ghana GoldBod regulations governing gold trading, including documentation requirements, quality standards, and export procedures.
International Standards
Compliance with international precious metals trading standards, including LBMA guidelines and industry best practices for transparency and traceability.
KYC & AML Procedures
Strict Know Your Customer and Anti-Money Laundering protocols for all transactions
Know Your Customer (KYC)
Comprehensive client identification and verification
Documentation of business relationships and sources
Regular review and update of client information
Risk assessment for all business relationships
Enhanced due diligence for high-risk clients
Ongoing monitoring of client transactions
Anti-Money Laundering (AML)
Suspicious transaction monitoring and reporting
Compliance with Financial Intelligence Centre requirements
Regular staff training on AML procedures
Transaction record keeping and documentation
Reporting to relevant authorities as required
Periodic AML policy review and updates
Ethical Sourcing Standards
Licensed Miners Only
All gold sourced from miners licensed by Ghana Minerals Commission
No Conflict Minerals
Strict prohibition on minerals from conflict zones or illegal sources
Environmental Standards
Compliance with environmental protection and rehabilitation requirements
Labor Standards
Verification of fair labor practices and prohibition of child labor
Community Support
Commitment to supporting local mining communities and development
Transparency
Full disclosure and traceability from mine to market
Independent Assay & Certification
All gold products undergo independent assay testing by certified laboratories to verify purity, weight, and quality. We work with internationally recognized assayers who maintain the highest standards of accuracy and impartiality.
Each assay certificate includes detailed information on gold content, impurities, and testing methods used. These certificates are required for all transactions and are retained for full traceability.
Independent laboratory testing
International standard testing procedures
Detailed assay certificates
Purity verification (92-96% range)
Weight and quality documentation
Full chain of custody records
Full Traceability
Complete documentation from source to delivery
Source Documentation
Miner license verification and mining location records
Initial Assay
Laboratory testing and purity certification
Storage Records
Secure facility intake and inventory documentation
Transaction Records
Complete documentation of ownership and transfers
Export Documentation
Customs declarations and international shipping records
Delivery Confirmation
Final delivery and transfer of ownership records