AIM Capital Implements Transparent Ownership and Oversight Amid Sanctions

AIM Capital has implemented a transparent structure of ownership and oversight amid sanctions

LIMASSOL, Cyprus, June 16, 2023 (VSNewsNetwork.com) - AIM Capital, a limited liability company based in Limassol, Cyprus, has successfully implemented a transparent structure of ownership and oversight. The company is 99.38% owned by Linea (CY) Ltd and holds majority stakes in EuroChem Group AG and SUEK JSC, the top-level holding entities for the EuroChem group and the SUEK group, respectively.

The ultimate control of the group rests with Linetrust PTC Ltd, a private trust company acting as a trustee for the irrevocable discretionary trust known as Firstline Trust. Over the past year, Linea (CY) Ltd and AIM Capital Ltd have made significant strides in enhancing compliance strategies, internal controls, and governance under the supervision of Linetrust PTC Ltd.

Both Linea (CY) Ltd and AIM Capital Ltd benefit from the expertise and guidance of a reputable board of directors led by Mr. Ronald Kenneth Noble, former INTERPOL Secretary-General. The board, which includes Mr. Yiorgos Lillikas and Ms. Irina Loutchina Skittides, provides strategic oversight to ensure compliance with laws, regulations, and risk management.

AIM Capital's compliance framework aligns with the latest compliance guidance issued by the EU, demonstrating its commitment to robust compliance measures. Notably, despite not being controlled by any targeted individuals or entities, AIM Capital has achieved a high level of compliance through the concerted efforts of Linea (CY) Ltd and AIM Capital Ltd, overseen by Linetrust PTC Ltd.

AIM Capital Ltd and Linea are dedicated to upholding the highest ethical standards in their business operations. They have implemented a comprehensive compliance program, including regular employee training, to ensure adherence to all applicable laws and regulations.

Source: AIM Capital Ltd. via Newswire