Mutual KYC/KYB verification
KYC (Know Your Customer) confirms the people and authorized signatories; KYB (Know Your Business) reviews each company's legal entity, beneficial ownership, operating address, authority and bank-account identity.
Compliance and responsible sourcing
Trust requires evidence.
Nexus applies a risk-based diligence framework to counterparties, transaction authority, product documentation, origin, payment pathways and delivery structures. A transaction advances only when the available evidence supports the next stage.
Core controls
Designed to protect legitimate counterparties.
The framework is applied in proportion to commodity, origin, jurisdiction, transaction value and the role of each party.
Sanctions screening
Counterparties and relevant principals are screened against applicable sanctions and restricted-party sources.
Authority verification
Commercial authority is confirmed through controlled corporate channels and transaction-specific documentation.
Responsible sourcing
Gold and mineral files are assessed against commodity-appropriate origin, chain-of-custody and due-diligence expectations.
Anti-bribery controls
Unexplained fees, advance processing charges, mismatched payees and non-transparent payment requests are escalated or rejected.
Document integrity
Dates, entities, specifications, quantities, signatures and commercial terms are checked for internal consistency.
Gold doré, rough diamond and mineral transactions require more than an assay, parcel description or price. The origin, producing and exporting entities, chain of custody, transport pathway and receiving criteria all matter.
The Nexus file structure is informed by internationally recognized responsible-sourcing principles, including the OECD mineral due-diligence framework and the refinery expectations reflected in the LBMA Responsible Sourcing Programme. Rough diamond files also require the applicable Kimberley Process controls and certification pathway. Specific legal obligations depend on the transaction and jurisdiction and require appropriate counsel.
Primary references: LBMA Responsible Sourcing · OECD Minerals Guidance · Kimberley Process
- 01
The legal entity, contracting party, payee or bank-account name does not align.
- 02
A party refuses verification through its corporate domain, registry or authorized representative.
- 03
The transaction relies on unexplained intermediary chains or vague authority claims.
- 04
Documents contain inconsistent dates, quantities, origins, signatures or product descriptions.
- 05
Advance registration, release, processing or access fees lack a documented commercial basis.
- 06
The proposed discount, quantity, timing or payment path is commercially implausible.
Qualified counterparties
Mutual diligence begins before sensitive files move.
Buyers can register a defined requirement. Suppliers can present documented supply for review. Nexus will assess fit and respond with the appropriate next step.