We are dedicated to upholding the highest ethical standards in our operations and transactions. We proudly align our business practices with globally recognized frameworks that promote transparency, responsibility, and compliance in the precious metals industry. These include:
- OECD Due Diligence Guidance: We adhere to the principles of responsible sourcing, ensuring our silver is procured ethically and does not originate from conflict-affected or high-risk areas.
- LBMA Responsible Silver Guidance: Our sourcing and supply chain practices reflect the guidelines established by the London Bullion Market Association to promote integrity and sustainability in precious metals.
- Wolfsberg Group AML Principles: We implement robust anti-money laundering (AML) and counter-financing of terrorism (CFT) measures, including customer due diligence, transaction monitoring, and risk assessment protocols.
- Sanctions Compliance (OFAC): We screen all transactions against applicable sanctions lists, including those from the United States Department of Treasury’s Office of Foreign Assets Control (OFAC), ensuring full compliance with global regulatory requirements.
Silverbay has established internal policies and procedures designed to prevent, detect, and mitigate risks associated with money laundering, terrorist financing, and other illicit activities. We continuously evaluate and enhance our practices to remain aligned with these international guidelines.