KYC (Know Your Customer)

KYC (Know Your Customer)

Know Your Customer (KYC) requirement under Prevention of Money Laundering Act, 2002

To Our Clients and Potential Clients

In accordance with Section 326 of the USA Patriot Act of 2002, which requires GLOBAL PETROLEUM PARTNERS, LTD., to help the government fight the funding of terrorism and money laundering activities, GLOBAL PETROLEUM PARTNERS is required to obtain basic identifying information from you and verify that information when you open a new account.

This means the GPP staff will ask you for some basic information to help us identify you. GLOBAL PETROLEUM PARTNERS staff will also ask to see documents identifying you such as a social security card, driver’s license, passport, and/or some other government-issued document.

In some cases, identification will be requested for those individuals conducting business with GLOBAL PETROLEUM PARTNERS prior to the effective date of the member identification requirements. This is because original documentation was not obtained with the opening of the account or GLOBAL PETROLEUM PARTNERS is unable to form a reasonable belief that it knows the true identity of the existing account holder.

In all cases, protection of our member’s identity and confidentiality is the GPP’s pledge to you. We appreciate your patience and understanding as we all do our part in complying with the new account identification procedures required by the federal USA Patriot Act of 2001.

Prior to assigning any new client account we must perform our due diligence in connection with “Know Your Customer Procedures”.

Important Information

NOTE: To approach any of the official point of acceptance of transactions, a KYC form must be completed.

For your convenience, we have attached herewith the KYC Application form. We request you to fill in the details and provide the certified copy of supporting documents as stated in the Form.

Please feel free to call us or email us at for any query on KYC requirements.