Compliance KYC — Counterparty Verification Status Update

All Venture Leads, Monthly KYC Status Update — March 2026 Counterparty verification status across all active trades: 1. David Romano (GVP Digital) — VERIFIED Full KYC complete, no adverse findings, cleared for BTC OTC operations 2. Geri Al-Rashid (GVP Commodities) — PENDING ENHANCED DUE DILIGENCE Standard KYC passed. Enhanced DD required due to dual jurisdiction (Dubai/Italy) and transaction volume thresholds. EDD in progress. 3. Ernesto Paleani (Cosmos Trade — Art Seller) — INITIAL SCREENING PASSED Basic KYC complete. No sanctions hits. Art provenance verification separate from financial KYC. 4. Kuwait Finance House — CERTIFIED Regulated financial institution, FATF-compliant jurisdiction. No additional KYC required. 5. Corio Port Authority (LSF Infrastructure) — PENDING Government entity KYC in progress. Requesting beneficial ownership of any PPP structures. 6. Wilhelmshaven Refinery Owner — VERIFIED German corporate entity verified, beneficial ownership confirmed, no adverse findings. 7. LBMA Certified Refinery (London) — VERIFIED Regulated entity under LBMA framework. Good Delivery certification confirmed. Next review date: April 15, 2026. Marcus Warden Head of Compliance & Due Diligence Bastion Security Services | HOS [email protected]

Marcus, Thanks for the comprehensive update. Two priorities: 1. Geri's Enhanced DD — please fast-track this. We have an active ICPO for 20,000 MT gold and the BCL application with Kuwait Finance House references Geri as signatory on the gold trades. We cannot have a pending EDD status when KFH reviews our application. 2. Corio Port Authority — the NCNDA is already active. We need their verification completed before the site visit scheduled for March 25. Everything else looks solid. Good work keeping the compliance pipeline clean. — Lucas

Lucas, Understood on both priorities. 1. Geri Enhanced DD — I've escalated to our external compliance partner. The dual jurisdiction check requires verification with both Dubai Financial Services Authority and Italian UIF. I've scheduled expedited review. Expected completion: within 2 weeks (by March 29). 2. Corio Port Authority — I'm reaching out to the Peruvian government registry directly. PPP beneficial ownership structure should be available within 5 business days, well ahead of the March 25 site visit. I'll send interim status updates on both as they progress. Marcus Warden Head of Compliance & Due Diligence Bastion Security Services | HOS [email protected]