Compliance

    Introduction

    The Wrapped Gold Council ("WRGC" or "Company") is committed to the highest standards of regulatory compliance and adheres rigorously to applicable laws, regulatory frameworks, and industry best practices. This Compliance Policy articulates the standards and procedures implemented to ensure conformity with all relevant legal and regulatory obligations.

    Regulatory Adherence

    WRGC operates in strict compliance with applicable jurisdictions' laws governing blockchain technologies, digital assets, securities, commodities, anti-money laundering (AML), combating the financing of terrorism (CFT), data protection, privacy regulations, and financial sanctions.

    Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF)

    The Company implements comprehensive AML and CTF procedures consistent with global standards. WRGC conducts thorough Know Your Customer (KYC) checks, continuous transaction monitoring, and immediate reporting of suspicious activities to appropriate regulatory authorities.

    Data Protection and Privacy Compliance

    WRGC maintains strict compliance with global data protection frameworks, including but not limited to the General Data Protection Regulation (GDPR). The Company safeguards user data through robust cybersecurity measures, transparent data processing protocols, and user consent mechanisms.

    Risk Management Framework

    The Company employs a sophisticated risk management framework to proactively identify, assess, and mitigate operational, legal, regulatory, and reputational risks. Regular audits, assessments, and evaluations are conducted by independent entities to ensure ongoing compliance and risk mitigation.

    Governance and Accountability

    WRGC's governance structure fosters transparency, accountability, and robust oversight. The Company's Compliance Committee ensures adherence to internal policies, regulatory mandates, and ethical guidelines, supported by regular reporting and stringent compliance audits.

    Employee and Associate Training

    All WRGC employees and associated parties undergo mandatory compliance training, addressing relevant laws, internal policies, ethical standards, and risk management practices. Continuous education programs are implemented to ensure compliance awareness and adaptability to regulatory changes.

    Record-Keeping and Documentation

    Comprehensive records of all compliance activities, transaction histories, AML/KYC documentation, risk assessments, and internal audits are meticulously maintained in accordance with applicable regulatory requirements and industry standards.

    Periodic Review and Updates

    This Compliance Policy is subject to periodic review and updates to align with evolving regulatory landscapes, legal developments, and emerging industry practices. Users and stakeholders shall be promptly informed of any material policy amendments.

    Enforcement and Penalties

    Non-compliance with this policy and applicable regulatory requirements will result in disciplinary action, including possible suspension or termination of access to WRGC services, and legal prosecution where warranted.

    Contact Information

    For any questions, reports of compliance issues, or further clarification regarding WRGC's compliance policies, please contact the Compliance Officer at compliance@wgold.org.