Risk Management and mitigation of risk is a central part of Valcambi’s business strategy. The identification and assessment of risks associated with social, ethical and environmental matters are managed together with all other business risks and reviewed at regular meetings of the Board of Directors and of the Audit, Risk and Credit Committee (ARC Committee).
The ARC Committee in fulfilling its fiduciary responsibility to the Board has oversight responsibility for the following areas: financial reporting, internal controls, legal compliance and audits (financial, client identification - KYC, ISO 9001 & 14001 and laboratory).
A strong compliance policy is necessary in order to take appropriate measures to meet all policies in regard to Conflict Gold, including the LBMA's Responsible Gold Guidance, as well as Anti Money Laundering (AML) and Combating the Financing of Terrorism (CFT).
Our corporate, legal and compliance policies combined with our strictly applied and controlled internal and external rules and the careful selection of our clients protect us and our clients from reputational damage.
The Executive Board and the Management of Valcambi have taken all necessary measures to assure the efficiency of the Internal Control System according to the Swiss legal regulations, in particular with reference to Art. 728a Code of Obligations. Valcambi is audited annually by KPMG.