DMCC joins GJEPC’s MyKYCBank platform
JAIPUR, India, December 2018 – The Dubai Diamond Exchange (DDE), a subsidiary of DMCC (Dubai Multi Commodities Centre), has signed a service agreement to join the MyKYCBank platform of the Gem & Jewellery Export Promotion Council.
Mr. Ahmed Bin Sulayem, Executive Chairman of DMCC, and Chairman of DDE, and Mr. Pramod Kumar Agrawal, Chairman, GJEPC, were present at this occasion.
The agreement enables DMCC members trading in diamonds, gold and precious stones to join the MyKYCBank platform.
DMCC will be the fourth trade body to join MyKYCBank, following GJEPC, Bharat Diamond Bourse and the Antwerp World Diamond Council.
The MyKYCBank platform provides a centralized global platform for companies in the gems and jewellery (G&J) industry (including gold, diamonds, precious stones and jewellery) to complete, manage and share their KYC information to enable them to meet their obligations under the anti-money laundering (AML) laws of their respective countries.