zedco DMCC
Precious Metals Market Specialists
About us
ZEDCO DMCC is a global trader in the precious metals market. With over 20 years in the industry, our experienced team offers comprehensive solutions across the entire value chain. This includes specialised logistics, refining and trading.
We are registered and licensed by Dubai Multi Commodities Centre (DMCC) which is the worlds No 1 Free Zone. We also have an extensive presence on the African and Asian continents with our associates and partners.
At ZEDCO DMCC we uphold the highest standards of integrity, excellence and compliance. We aim to provide premium and unparalleled customer service to all our clients. We are committed to the growth of our business with our emphasis on trust, maintaining the highest possible ethical standards and a passion for providing the best quality service.
Timeliness
Competitveness, hard work and attention to detail are the pillars of economic success and with our platform, you’ll save time when you most need it, while serving your customers.
Integrity
Core principles of ethics and a commitment to maintaining the highest possible standards while developing an atmosphere of trust for all who deal with us.
Compliance
Due Diligence and Know Your Customer (KYC) are of utmost importance and procedures and guidelines are strictly followed at all times.
Professionalism
The commitment of our staff ensure that we provide fast, efficient and discreet services to our customers , always bearing in mind the need to observe legal and regulatory rules.
Products and Services
Gold Bullion, Gold Dore & Gold Scrap
Silver Bullion, Silver Grains & Silver Dore
Investment Bars
Products and Services
ZEDCO DMCC provide complete solutions in the precious metals trading segment through our trading operations in Dubai. We offer financial support for continuous supply of dore gold at attractive terms to many of our clients. We buy dore gold and silver outright or return the metal after refining with the most flexible and attractive refining and payment terms.
Policy Statement
- Strict adherence to KYC procedures
- Clear responsibilities and delegation of authority
- Continuous risk assessment and monitoring of transactions
- Detailed record keeping and maintenance of records
- Continuous staff training and motivation
Awareness System
A self-functioning escalation system is put in place whereby anyone in the supply chain or within the organisation can report any irregularities to management. This includes money laundering, suspicious transactions or suspicious sourcing of gold.
ZEDCO AML Policy
ZEDCO DMCC is fully committed to local and international rules and regulations for the prevention of Money Laundering and terrorism activities. Accordingly, we have taken the necessary procedural and control measures to provide our support in the fight against money laundering and the financing of terrorism. We are also committed to examining and maintaining our Anti-Money Laundering procedures and control on an on-going basis.
AML Policy Overview
ZEDCO DMCC is committed in compliance to, and strict practice of, all regulatory requirements including those related to Anti Money Laundering by UAE and other competent world bodies. We comply with the regulations of world bodies which collectively set and enforce standards for the anti-money laundering and counter-terrorist financing policies and programs such as the FATF, UN, the EU, the Organisation of American States- The Office of Foreign Assets Control (OFAC) and the Local Regulatory Authorities such as Central Bank of the UAE.
In the UAE, the Central Bank of the UAE, or more specifically the Anti-Money laundering and Suspicious Cases Unit(AMLSCU) of the Central Bank, is the regulatory body requiring the institution of AML rules. Since 2001, the UAE Government (UAEG) has taken steps to better monitor cash flows through the UAE financial system and to co-operate with international efforts to combat terrorist financing. The UAE has enacted two laws that serve as the foundation for the country's Anti-Money Laundering (AML) and counterterrorism law. Although the Anti-Money Laundering law criminalizes money laundering, it is administrative Regulation No. 24/2000 that provides guidelines for how financial institutions are to monitor for money laundering activity.
Ownership Verification
Corporates and other legal entities with whom we do transactions are checked and confirmed by obtaining and verifying copies of trade licenses, company formation documents, export and import licenses, passport copies and any other documents deemed necessary for this purpose.
Due Diligence
Enhanced due diligence is conducted when transactions appear to be potentially suspicious. Staff may ask for additional identification documents or documentary proof in such cases.
Internal Monitoring System
In case of suspicious transactions, such cases are reported to the compliance department. They will conduct an in depth investigation and take appropriate action before reporting such transactions to Anti-Money Laundering Suspicious Case Unit(AMLSCU) at the UAE Central Bank.
Responsible Gold Policy Statement
We are committed to the strict compliance of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and the supplement on gold. This provides a common reference for all participants in the supply chain to ensure responsible sourcing and chain of custody of gold and other precious metals and to eliminate the risk of direct or indirect support to any kind of conflict in accordance with international standards.
We commit ourselves to uphold the best practices in the industry and adhere to highest moral and ethical standards. We also comply with our AML policy which is aligned with national and international regulations.
Contact Us
We’d love to hear from you. Call us now at +971-50-874-6376 or send a message using the form below we’ll get back to you as soon as we can.
