Legal
Compliance
Compliance is not a box-ticking exercise — it is the foundation of trust in the gold industry. We adhere to the highest regulatory standards to protect our clients, our business, and the integrity of the global gold market.
Regulatory Frameworks
Tanzania Mining Commission (TMC)
Fully licensed under the Mining Act 2010 and subsequent amendments. All operations are conducted under valid mining and dealer licences issued by the TMC.
Anti-Money Laundering (AML)
Compliant with Tanzania's Anti-Money Laundering Act 2006 and the Financial Action Task Force (FATF) recommendations for precious metals dealers.
Know Your Customer (KYC)
Rigorous KYC procedures for all clients, including identity verification, source of funds documentation, and ongoing transaction monitoring.
EITI — Extractive Industries Transparency Initiative
Committed to the EITI standard for transparent reporting of revenues, taxes, and royalties paid to the Tanzanian government.
Conflict-Free Gold Standard
All gold is sourced exclusively from our licensed operations. We do not purchase gold from artisanal miners without verified provenance documentation.
LBMA Responsible Gold Guidance
Operations aligned with the London Bullion Market Association's Responsible Gold Guidance, covering supply chain due diligence.
KYC Requirements for Buyers
To comply with anti-money laundering regulations, all buyers must provide the following documentation before any transaction can be processed:
Suspicious Activity Reporting
African Gold Company is legally required to report suspicious transactions to the Financial Intelligence Unit (FIU) of Tanzania. We take this obligation seriously and have robust internal controls to detect and report any activity that may indicate money laundering, terrorist financing, or other financial crimes.