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KYC Procedures

1. Purpose

Kingman Refinery implements Know Your Customer (KYC) procedures to ensure that all counterparties engaging with the Company are properly identified, legally authorised and compliant with applicable regulations. These procedures support the Company’s Anti-Money Laundering (AML) framework and risk management approach.

2. Scope

KYC procedures apply to:

  • All business counterparties (B2B only)
  • Suppliers, customers and intermediaries
  • Parties involved in domestic trading, processing, refining and export activities

Kingman Refinery does not provide services to retail customers or individual investors.

3. KYC Process Overview

Step 1: Counterparty Identification

  • Collection of basic corporate information
  • Verification of legal name, registration and address
  • Identification of authorised signatories

Step 2: Licence and Activity Verification

  • Review of relevant operating licences and permits
  • Confirmation that business activities fall within licensed scope
  • Verification of validity and status of licences

Step 3: Ownership and Control Review

  • Identification of ownership structure
  • Review of beneficial ownership information where applicable
  • Assessment of control and management structure

Step 4: Risk Assessment

  • Evaluation of AML and compliance risk profile
  • Consideration of geographic, operational and transactional factors
  • Classification of counterparty risk level

Step 5: Approval and Onboarding

  • Internal review of KYC documentation
  • Approval by authorised personnel
  • Onboarding only after KYC requirements are satisfied

4. Ongoing Monitoring

  • Periodic review and update of KYC information
  • Monitoring of changes in licences, ownership or business activities
  • Enhanced review where higher risk factors are identified

5. Record Keeping

Kingman Refinery maintains KYC records in a secure manner and retains documentation for appropriate periods in accordance with applicable regulations. All records are maintained to support audit, compliance review and lawful regulatory requests.

6. Final Note

Failure to meet KYC requirements may result in refusal to onboard or termination of the business relationship. Kingman Refinery reserves the right to request additional information where necessary to satisfy compliance obligations.