DMCC to issue international responsible sourcing of protocol

The Dubai Multi Commodities Centre (DMCC) has made it a mandatory requirement for Dubai Good Delivery (DGD) refineries to implement all of the provisions of the DMCC Practical Guidance for Responsible Sourcing of Precious Metals, as a pre-requisite for DGD members to continue their membership. DGD members are now self-implementing the initial steps to be in a position to be audited and publish reports on their level of conformity with the DMCC guidance by June 2013.

The DMCC Review Protocol will provide guidance to international audit firms for conducting assessments on DGD member refineries' due diligence processes, as well as ensure a level of conformity when implementing DMCC 's Practical Guidance for Responsible Sourcing of Precious Metals.

DMCC has also been in discussions with concerned UAE governmental agencies to ensure that the Practical Guidance for Responsible Sourcing of Precious Metals is implemented across the UAE.