Modern Slavery Statement

GBL International Ltd T/AS Gold Bank ("The Company") takes a no nonsense approach to modern slavery and human trafficking. We are fully committed to playing our part in removing the existence of modern slavery. This statement presents the steps taken by Gold Bank to prevent modern slavery in its operations and supply chains.

The Company is a supplier and producer of various precious metals mainly gold and silver to predominantly the jewellery sector.

The Company is wholeheartedly committed to ensure the absolute elimination and prevention in any part of the business. This includes our supply chain management, our due diligence and our partners. This formulates our overall code of conduct which creates the foundation to achieve the highest ethical standard, a sound integrity and a dedication to ensure it remains that way.

Our supply chains consist of the supply of products and services throughout our sector relating to precious metals and support services which enable the operation of the business. Important examples include marketing, courier and mail services.

Within our divisions and our corporate functions, the Company is well advanced in respect of supplier due diligence. In terms of risk, and due to the nature of Gold Bank's business with an intensive use of precious metals.

Sourcing of metals is entirely focused on only the secondary market and the Company stays clear from any primary markets, particularly mining material originated from developing countries where the respect of the legal system has still a significant room for improvement.

Compliance processes are fully deployed in that division to reject any material from being sourced from primary markets. Regarding the bullion division, even though the potential risk of the activity from that perspective is substantially low, a due diligence and compliance system has been also implemented. We believe that this is a proportionate and fit-for-purpose supplier process.

However, due to the fact that the Company has a holistic compliance approach, the same requirements and processes are equally applied irrespective of where the Company does business.

The Company's due diligence is implemented all along the commercial relationship with its customers and suppliers, since the on-boarding to the regular monitoring of the relationship and the underlying transactions. The due diligence fully responds and is in compliance with the standards of the London Bullion Market Association (LBMA) and Responsible Jewelry Council (RJC) that include, but are not limited to, the respect of human rights along the supply chain.

The Company has systems in place to identify, mitigate and monitor risks of slavery and human trafficking in our supply chains. This includes having set codes of practices and operational procedures to tackle them.

Gold Bank is wholeheartedly committed to enforcing a strict adherence to the aforementioned policies and practices to eliminate any existence of modern slavery or human trafficking. In the event that an issue is identified, robust investigation is undertaken and if necessary rectifications are made to ensure strict adherence to the policy which includes but is not limited to the protection of whistleblowers where applicable. This Statement is made pursuant to Section 54 of the Modern Slavery Act 2015.