ANTI-MONEY LAUNDERING, BRIBERY AND CORRUPTION
RITE’s integrated anti-money laundering (“AML”), know your customer (“KYC”) and chain of custody (“COC”) policies, procedures and internal controls are designed to ensure compliance with all applicable statutes, regulations and rules and are reviewed and updated on a regular basis. RITE employs on-boarding procedures to insure its understanding of the nature, scope, motivation and provenance of those with whom it engages. RITE’s Management regularly reviews RITE’s policies, procedures and internal controls with professional international audit, taxation and legal counsel to ensure their ongoing efficacy. Further, RITE submits to external periodic independent audit of its compliance regimen. RITE’s Management is vested with responsibility for enforcement and, as such, a working knowledge of the OECD Chain of Custody Policies, LBMA and World Gold Council Protocols as well as familiarity with related statutory regimes including but not limited to: The Foreign Corrupt Practices Act; The Drug Trafficking Offenses Act 1986, The Criminal Act 1988, the Prevention of Terrorism (Temporary Provisions) Act 1989, The Criminal Justice (International Co-operation) Act 1990, The Criminal Justice Act 1993, the Money Laundering Regulations 1993 as amended. Accordingly, RITE complies with law enforcement requests for information as well as all validly issued orders of courts of competent jurisdiction. Moreover, if RITE uncovers suspicious activity during its own risk assessment and review, RITE will elevate that risk assessment in compliance with relevant statutory regimes.
Monitoring, Zero-tolerance, Training & Records: RITE monitors the provenance of all precious metals transiting any phase of its intermediation services to ensure compliance. RITE is committed to a zero-tolerance approach to money laundering, bribery and corruption and will: (i) conduct all business dealings and relationships in a fair, honest, and ethical manner; (ii) adhere to all applicable national and international laws and regulations relevant to countering money laundering, bribery and corruption; (iii) implement and enforce effective systems to counter the risk of money laundering, bribery and corruption; and (iv) prohibit the use of its businesses and services for money laundering, bribery, corruption or other illegal activities conducted through commercial transactions. If a potential or existing counter-party either refuses to provide the information requested, or appears to have intentionally provided misleading information, RITE will terminate engagement with that entity or individual. RITE maintains AML, KYC and COC documentation regarding each counter-party and transaction. RITE maintains ongoing employee training under the leadership of a designated Compliance Officer. RITE’s training is based on its policies, procedures and internal controls as well as applicable statutes and regulations. RITE’s training addresses: (i) identification of red flags; (ii) action upon risk identification, (iii) employees’ roles in compliance efforts; (iv) record retention; and (v) disciplinary consequences of non-compliance.
CHAIN OF CUSTODY
RITE participates in the worldwide effort to ensure that precious metals come from legitimate and ethical sources. Toward this end, RITE cooperates with both law enforcement and its supply chain industry transportation, insurance, banking and refining counter-parties as well as industry organizations such as the OECD, LBMA and World Gold Council.
To ensure that the precious metals have not been associated with criminal or terrorist activity, human rights abuse or armed conflict, RITE implements its COC policy through a comprehensive set of management systems and procedures. These procedures implement the general standards of business conduct set forth above, as well as setting forth internal compliance standards that comport with applicable statutes and regulations. RITE’s procedures govern not only RITE’s internal corporate conduct and culture, they also govern RITE’s inateraction with counter-parties and government agencies. These procedures penultimately find voice in rigorous contractual negotiations and clearly drafted agreements with all of RITE’s counter-parties that both drive compliance and clearly set forth the consequences of non-compliance.
Chain of Custody Documentation: RITE maintains internal subject matter experts as well as specialized external legal professionals for international regulatory, corporate, tax, and litigation matters. RITE counter-parties engage RITE services and infrastructure exclusively through written agreements. It is through the integrated AML, KYC and COC procedures mandated by these agreements that RITE’s compliance regimen is both enforced and documented.
Legal, Compliance & Logistical Coordination: All RITE purchase, sale, intermediation, transport and or finance agreements with counter-parties are subjected to both legal and compliance risk evaluation. Accordingly, RITE counter-party agreements routinely incorporate and attach documents as required, including but not limited to: (i) mining licenses; (ii) mining inspection reports and compliance certifications, (iii) export licenses; (iv) certifications of payment of taxes and duties; (v) declarations of ethical standards, (vi) principal and signatory passports, (vii) insurance coverage, (viii) industry accepted refinery assay or hallmark certifications and (ix) engagement of secure transport.
SAFE HARBOR STATEMENT
Forward Looking Statements Certain information set forth in this presentation contains “forward-looking information”, including “futureoriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
No Offer or Solicitation. This communication shall not constitute an off to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No public offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
ANTI-MONEY LAUNDERING, BRIBERY AND CORRUPTION
RITE’s integrated anti-money laundering (“AML”), know your customer (“KYC”) and chain of custody (“COC”) policies, procedures and internal controls are designed to ensure compliance with all applicable statutes, regulations and rules and are reviewed and updated on a regular basis. RITE employs on-boarding procedures to insure its understanding of the nature, scope, motivation and provenance of those with whom it engages. RITE’s Management regularly reviews RITE’s policies, procedures and internal controls with professional international audit, taxation and legal counsel to ensure their ongoing efficacy. Further, RITE submits to external periodic independent audit of its compliance regimen. RITE’s Management is vested with responsibility for enforcement and, as such, a working knowledge of the OECD Chain of Custody Policies, LBMA and World Gold Council Protocols as well as familiarity with related statutory regimes including but not limited to: The Foreign Corrupt Practices Act; The Drug Trafficking Offenses Act 1986, The Criminal Act 1988, the Prevention of Terrorism (Temporary Provisions) Act 1989, The Criminal Justice (International Co-operation) Act 1990, The Criminal Justice Act 1993, the Money Laundering Regulations 1993 as amended. Accordingly, RITE complies with law enforcement requests for information as well as all validly issued orders of courts of competent jurisdiction. Moreover, if RITE uncovers suspicious activity during its own risk assessment and review, we will elevate that risk assessment in compliance with relevant statutory regimes.
Monitoring, Zero-tolerance, Training & Records: RITE monitors the provenance of all precious metals transiting any phase of its intermediation services to ensure compliance. RITE is committed to a zero-tolerance approach to money laundering, bribery and corruption and will: (i) conduct all business dealings and relationships in a fair, honest, and ethical manner; (ii) adhere to all applicable national and international laws and regulations relevant to countering money laundering, bribery and corruption; (iii) implement and enforce effective systems to counter the risk of money laundering, bribery and corruption; and (iv) prohibit the use of its businesses and services for money laundering, bribery, corruption or other illegal activities conducted through commercial transactions. If a potential or existing counter-party either refuses to provide the information requested, or appears to have intentionally provided misleading information, RITE will terminate engagement with that entity or individual. RITE maintains AML, KYC and COC documentation regarding each counter-party and transaction. RITE maintains ongoing employee training under the leadership of a designated Compliance Officer. RITE’s training is based on its policies, procedures and internal controls as well as applicable statutes and regulations. RITE’s training addresses: (i) identification of red flags; (ii) action upon risk identification, (iii) employees’ roles in compliance efforts; (iv) record retention; and (v) disciplinary consequences of non-compliance.
CHAIN OF CUSTODY
RITE participates in the worldwide effort to ensure that precious metals come from legitimate and ethical sources. Toward this end, RITE cooperates with both law enforcement and its supply chain industry transportation, insurance, banking and refining counter-parties as well as industry organizations such as the OECD, LBMA and World Gold Council.
To ensure that the precious metals have not been associated with criminal or terrorist activity, human rights abuse or armed conflict, RITE implements its COC policy through a comprehensive set of management systems and procedures. These procedures implement the general standards of business conduct set forth above, as well as setting forth internal compliance standards that comport with applicable statutes and regulations. RITE’s procedures govern not only RITE’s internal corporate conduct and culture, they also govern RITE’s inateraction with counter-parties and government agencies. These procedures penultimately find voice in rigorous contractual negotiations and clearly drafted agreements with all of RITE’s counter-parties that both drive compliance and clearly set forth the consequences of non-compliance.
Chain of Custody Documentation: RITE maintains internal subject matter experts as well as specialized external legal professionals for international regulatory, corporate, tax, and litigation matters. RITE counter-parties engage RITE services and infrastructure exclusively through written agreements. It is through the integrated AML, KYC and COC procedures mandated by these agreements that RITE’s compliance regimen is both enforced and documented.
Legal, Compliance & Logistical Coordination: All RITE purchase, sale, intermediation, transport and or finance agreements with counter-parties are subjected to both legal and compliance risk evaluation. Accordingly, RITE counter-party agreements routinely incorporate and attach documents as required, including but not limited to: (i) mining licenses; (ii) mining inspection reports and compliance certifications, (ii) export licenses; (iii) certifications of payment of taxes and duties; (iv) declarations of ethical standards, (v) principal and signatory passports, (vi) insurance coverage, (vii) industry accepted refinery assay or hallmark certifications and (viii) engagement of secure transport.
SAFE HARBOR STATEMENT
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of MineralRite Corporation, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond MineralRite Corporation’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in MineralRite's filings with OTC Markets and the Securities and Exchange Commission.
