Compliance

Metallix Meets ITAR Compliance Standards

Metallix Refining Inc. is registered with the U.S. State Department’s Directorate of Defense Trade Controls (DDTC) to ensure government standards of excellence required for handling materials listed on the United States Munitions List (USML) are met. Metallix takes the responsibilities associated with ITAR regulations seriously.

Our company is aware of the requirements associated with ITAR regulations and compliance with these regulations is required by Metallix’ company policy. Metallix maintains ITAR compliance throughout shipping, recycling and destruction processes. Metallix also maintains the highest standards for security with our state-of-the-art facility, security equipment and personnel. Read more about Metallix’s commitment to security here.

Conflict Mineral Compliance

In August of 2012, the United States Security and Exchange Commission enacted regulations requiring certain companies to publicly disclose their use of tin, tungsten, tantalum and gold, collectively known as Conflict Minerals regarding their place of origin.

Conflict Minerals as defined by the Commission, originate in the Democratic Republic of Congo and its adjoining countries.  The objective of the SEC regulations is to curtail the sale and trade of Conflict Minerals that may be directly or indirectly financing armed conflict, money laundering and human rights violations.

As a recycler of precious metals, including gold, Metallix Refining is responsible to do our due diligence to be in conflict minerals compliance.  Compliance is achieved through our participation in the Anti-Money Laundering/USA Patriot Act, which requires thorough screening of all Suppliers and Prospective Suppliers of precious metal scrap to our company.  In addition, Metallix Refining does not conduct business or accept material originating from the Democratic Republic of Congo, the adjoining countries and that region of the world.

Anti-Money Laundering

Since 1970 the U.S. Government has been trying address the increasing criminal and terrorist activities funded through the laundering of “dirty” money into the legitimate financial system, through transfers, until it comes out looking “clean”. The Bank Secrecy Act (BSA) was established in 1970 and enforced by the Financial Crimes Enforcement Network, a branch of the U.S. Treasury.

We provide a full turnkey solution, scheduling all transportation, preparing all logistical documents, efficient processing, or metal transfer purchase of your precious metal scrap.

Metallix takes AML compliance seriously and are consistently monitoring our procedures and taking steps to know our Suppliers before conducting any precious metal transaction.

For more information or to obtain a copy of our AML Compliance letter, please contact us.