Operator · Command
Good evening, Jakub.
Gelephu Mindfulness City · 148 entities under administration
Entities under admin
148
▲ 9 this quarter
Onboarding in progress
7
2 awaiting documents
Filings due · 30 days
12
1 within 5 days
Open compliance alerts
2
1 sanctions · 1 EDD
Straight-through processing
CLICK ANY STAGE FOR DETAIL · 2 HUMAN GATES
Automated
Human authorisation
GCRO boundary
Government decision
I
MH
Meridian Holdings Ltd
202601420M · PRIVATE LTD
Active
Annual return · 4d
II
TV
Thimphu Ventures SPC
202601510T · SPC
Onboarding
EDD review
III
DC
Drak Capital Partners
202601380D · FUND
Active
UBO update · 11d
IV
ET
Everest Trading FZC
202601550E · PRIVATE LTD
On hold
Sanctions hit
V
PA
Punakha Asset Mgmt
202501290P · FUND
Active
Accounts · 18d
No entity matches that search.
Action queue
Sanctions match — Everest Trading
ESCALATED TO MLRO · 2H AGO
EDD pack due — Thimphu Ventures
SOURCE-OF-FUNDS OUTSTANDING · 1D
Annual return — Meridian Holdings
DUE IN 4 DAYS
Invoice INV-2043 overdue — Drak
6 DAYS
GCRO liaison
Liaison & audit trail
Every GCRO interaction and approver decision, logged and exportable.
Open liaison view →
Operations
Clients
148 active · 7 onboarding · 1 on hold
| Entity | Type | Incorporated | UBOs | Risk | Status |
|---|
MH Meridian Holdings Ltd 202601420M | Private Ltd | 12 Mar 2026 | 2 | Low | Active |
DC Drak Capital Partners 202601380D | Fund (SPC) | 28 Jan 2026 | 4 | Low | Active |
PA Punakha Asset Mgmt 202501290P | Fund | 04 Dec 2025 | 3 | Low | Active |
TV Thimphu Ventures SPC 202601510T | SPC | — | 1 (PEP) | Medium | Onboarding |
ET Everest Trading FZC 202601550E | Private Ltd | — | review | High | On hold |
HW Haa Wealth Trust 202501210H | Trust | 19 Nov 2025 | 5 | Low | Active |
| No entity matches that search. |
Entity file
Meridian Holdings Ltd
Private Company Limited by Shares · 202601420M · Incorporated 12 Mar 2026
Overview
Officers & UBOs
KYC file
Filings
Entity details
UEN202601420M
TypePrivate Ltd
Incorporated12 Mar 2026
FY end31 Dec
Compliance
RiskLow
Last screen28 Aug 2026
Sanctions/PEPNo match
Next reviewMar 2027
Standing
Good
ALL FILINGS CURRENT
| Name | Role | Holding | Verified | Screening |
|---|
| Director / UBO | 60% | ID verified | Clear |
| UBO | 40% | ID verified | Clear |
Entity verification (registry)✓ Verified
Director / UBO identity✓ 2 verified
Sanctions (OFAC/UN/EU/UK)✓ No match
PEP screening✓ No match
Adverse media✓ Clear
Source of funds / wealth✓ Documented
Approved byMLRO · 11 Mar 2026
| Filing | Period | Due | Status |
|---|
| Annual return | 2026 | 06 Sep 2026 | Draft |
| UBO confirmation | 2026 | 12 Mar 2027 | Scheduled |
| Incorporation | — | 12 Mar 2026 | Filed |
Operations · Client journey
Client journey
The GCRO seven-stage incorporation lifecycle · Thimphu Ventures SPC
01 · Expression of Interest & business alignment
Human
The client sets out what they intend to do in Gelephu Mindfulness City. A.R.M. tests that intent against GMC economic-development priorities and against our own risk appetite before any GCRO account is opened.
ApplicantThimphu Ventures SPC
EOI received24 Aug 2026
Proposed activityInvestment holding
Proposed structureSegregated Portfolio Company
Alignment outcomeAligned — proceed
Assessed byJ. Zientala · 25 Aug 2026
Alignment criteria
✓
Permitted activityInvestment holding is within scope
✓
Substance intentDirectors and office in GMC
✓
Risk appetiteWithin A.R.M. onboarding policy
!
PEP exposure declaredCarried into stage 03 screening
02 · GCRO account — opened on the client's behalf
Human
A.R.M. creates and operates the client's GCRO portal account under written authority. The client never has to learn the registry system; every action taken on their behalf is logged to the audit trail.
GCRO portal accountCreated · 26 Aug 2026
Operated byA.R.M. Management
AuthoritySigned letter of authority
Mandate referenceARM/LOA/2026/0151
Account statusActive
Why we hold the account
Acting as the operator of record keeps the filing calendar, the correspondence history and the certificate ingest in one place. Every login and submission is attributed to a named A.R.M. person and written to the GCRO liaison audit trail.
Screening — ARM Verify
Ready
Run automated CDD screening against the GFSO AML Rulebook — entity verification, sanctions (UNSC · EU · UK · OFAC · Bhutan local list), PEP, UBO mapping at the 25% threshold, and FATF jurisdiction risk.
▶ Run ARM Verify screening
INITIALISING0%
Entity verification Rule 8.3.2(3)…
Sanctions — UNSC·EU·UK·OFAC·Local Ch. 11…
PEP screening Rule 8.3.1(3)…
Adverse media…
UBO mapping — 25% threshold Rule 8.3.3…
Jurisdiction risk (FATF) Rule 7.1.2(c)…
Applicant
NameThimphu Ventures SPC
UEN202601510T
TypeSPC
ActivityInvestment holding
UBOs1 (PEP)
CDD status Rule 8.1.1Pending screening
DNFBP · CSP · CH. 1–9, 11–15
Screening and document generation run automatically end-to-end — then stop at
Gate 1.
04 · Communication with GCRO
Human · logged
| Ref | Entity | Query from GCRO | Raised | Responded | Status |
|---|
| Q-0151-02 | Thimphu Ventures SPC | Clarify source of funds for the PEP director | 29 Aug 2026 | — | Open · 3d |
| Q-0151-01 | Thimphu Ventures SPC | Confirm registered office address | 27 Aug 2026 | 27 Aug 2026 | Closed |
| Q-0142-01 | Meridian Holdings Ltd | Constitution clause 14 wording | 10 Mar 2026 | 10 Mar 2026 | Closed |
Query handling
Every GCRO query is tracked against its entity with a response clock. Responses are drafted by the engagement team, and any response that changes filed information is routed back through Gate 1 before it is sent.
05 · Payment
Automated invoice
| Line | Type | Amount |
|---|
| Incorporation — professional fee | A.R.M. fee | $3,600.00 |
| Registered office — year one | A.R.M. fee | $1,200.00 |
| GCRO incorporation fee | Disbursement · at cost | $620.00 |
| GCRO name reservation | Disbursement · at cost | $80.00 |
| Total invoiced to client | — | $5,500.00 |
How this is billed
InvoiceINV-2062
Issued toThimphu Ventures SPC
A.R.M. fees$4,800.00
GCRO disbursements$700.00
StatusAwaiting settlement
A.R.M. invoices the client for the whole engagement. GCRO's own fee is shown separately as a disbursement recharged at cost — never marked up.
06 · Certificate acknowledgement
Gate 2 return · GCRO
GCRO's approval returns as issued certificates. A.R.M. ingests them, extracts the UEN and writes it to the entity record as the primary identifier.
Certificate of IncorporationAwaiting ingest
Certificate of Registered Business NameAwaiting ingest
UEN issued by GCRO—
What ingest does
✓
Stores both certificatesClient document vault
✓
Extracts and records the UENBecomes the entity's primary identifier
✓
Opens the filing calendarAnnual return and UBO dates scheduled
✓
Writes to the audit trailTimestamped, exportable
Ongoing filings
Annual returnScheduled
UBO confirmationScheduled
Annual accountsScheduled
Compliance monitoring
Ongoing screeningContinuous
Periodic reviewRisk-based
Reg-change watchARM Radar
Billing
RetainerAnnual
DisbursementsAt cost
RemindersAutomated
Gate 1 · Human authorisation
Approver sign-off
Every application — cleared and flagged alike — requires a named approver before any data leaves A.R.M.
⛨
Nothing is transmitted to GCRO without a recorded sign-off.
Screening, document generation and validation run straight through with no human step. The pipeline then stops here. The approver's decision, note, name and timestamp are written to the GCRO liaison audit trail before anything is submitted.
Submission to GCRO — connector
The pipeline is built and complete up to this boundary. Only the final hop depends on what GCRO supports — switch it here.
Awaiting sign-off
Compliance
KYC / CDD cases
Risk-based due diligence · escalations route to the MLRO
Open cases
| Subject | Trigger | Stage | Age |
|---|
| Sanctions | MLRO review | 2h |
| PEP | EDD · SoF pending | 1d |
Case — Everest Trading FZC
Escalated · MLRO
Sanctions match — potential UBO on OFAC SDN list (92%). Onboarding paused. Relationship cannot proceed unless conclusively cleared.
Compliance
Compliance monitor
Ongoing screening & regulatory-change monitoring
Reg-change flags
4
via ARM Radar
Regulatory change — ARM Radar
39 JURISDICTIONS
GMC AML/CFT — UBO threshold guidance updated
AFFECTS 148 ENTITIES
FATF grey-list update — 2 jurisdictions added
3 CLIENTS FLAGGED
EU sanctions package — new designations
RE-SCREENED · NO MATCHES
Administration
Filings & calendar
Every statutory obligation · automated reminders on
Upcoming
REMINDERS ON| Entity | Filing | Due | Reminder | Status |
|---|
| Meridian Holdings | Annual return | 06 Sep 2026 | Sent · 3 | Draft |
| Drak Capital | UBO confirmation | 13 Sep 2026 | Scheduled | Not started |
| Punakha Asset Mgmt | Annual accounts | 20 Sep 2026 | Scheduled | Not started |
| Paro Bridge Ltd | Annual return | 02 Oct 2026 | Scheduled | Not started |
Administration
Billing
Invoicing, collections & automated payment reminders
Collected · month
$41.2k
▲ 12%
Recurring / yr
$486k
retainers
Invoices
| Invoice | Client | Amount | Method | Status |
|---|
| INV-2051 | Meridian Holdings | $3,400 | Card | Paid |
| INV-2045 | Haa Wealth Trust | $4,200 | — | Sent |
| INV-2043 | Drak Capital | $2,400 | — | Overdue · 6d |
| INV-2038 | Paro Bridge | $3,200 | USDC | Paid |
Compliance
Regulatory framework
The law A.R.M. Registry operates under, and how each requirement is met
GOVERNING LEGISLATION
Financial Services Act 2025 (FSA) and the GFSO AML & Sanctions Rulebook 2026 (v1.1), drawing on ADGM law via the Application of Laws Act 2024. GMC companies are formed under the Singapore Companies Act 1967 as adopted (Companies Act of GMC 2025), administered by the GCRO. A CSP is a DNFBP · Company Service Provider and is bound by AML Rulebook Chapters 1–9 and 11–15, and must be registered as a DNFBP with the GFSO (Rule 15).
Customer Due Diligence
AML RULEBOOK CH. 8
Risk-based CDD on every customer and beneficial owner. Identity verified per Rule 8.3.2; UBOs identified at the 25% threshold (8.3.3). Refuse if a UBO cannot be identified (7.2.1).
Enhanced CDD & PEPs
AML RULEBOOK 8.4
PEPs always trigger Enhanced CDD — source of funds and wealth verified, senior-management approval to onboard, intensified ongoing monitoring.
Sanctions & TFS
AML RULEBOOK CH. 11
Screen against UNSC, EU, UK HM Treasury, OFAC and the GMC/Bhutan Local Terrorist List. Asset-freeze obligations apply.
MLRO
AML RULEBOOK CH. 12
A qualified Money Laundering Reporting Officer is appointed. Internal reports escalate to the MLRO, who decides on SARs to the FIU (Ch. 14).
Record keeping
AML RULEBOOK 4.5
All CDD and transaction records retained for at least 6 years after the relationship ends, retrievable within one business day of a regulator request.
Annual obligations
AML RULEBOOK 4.6 · 4.1
AML Return filed with the GFSO by end of April each year; independent annual review of AML systems and controls.
Empanelment readiness
GCRO · GFSO
✓
Sanctions & PEP screening engine — ARM Verify screens UNSC/EU/UK/OFAC + PEP lists
Operational · in production
✓
UBO mapping at 25% threshold — GLEIF + registry cross-check
Operational · ARM Verify
✓
Risk-based CDD methodology & audit trail — per Ch. 5–8
Encoded in onboarding flow
!
Individual identity / eKYC verification — required by Rule 8.3.2
Integration in progress — Onfido / Veriff
!
GMC/Bhutan Local Terrorist List — required by Ch. 11 definition of Sanctions
To be added to screening sources
!
MLRO appointment & DNFBP registration with GFSO — Rule 15.9 gate
Action required before empanelment
SOURCES · GFSO AML & SANCTIONS RULEBOOK 2026 V1.1 · FINANCIAL SERVICES ACT 2025 · APPLICATION OF LAWS ACT 2024 · GCRO EMPANELMENT NOTICE GCRO/CSP/NOTICE/2026/02 · VERIFIED 1 SEP 2026
