Page 11 - Bullion World Volume 02 Issue 08 August 2022_Neat

Bullion World | Volume 2 | Issue 08 | August 2022

When we talk about the regulatory
framework, we have one of the
strongest compliances you can
see in the whole precious metals
industry. You will be amazed to see
our due diligence in account opening
and transaction monitoring. Recently
we had audits for RJC and UAE
good delivery, and let me tell you,
both the auditors were amazed by
the kind of systems we have created
because of years and years of hard
work.

Systems are not created in one
day. You create a vision, and it’s a
process. It has taken many years to
develop, but we are very confident in Coming to the refinery aspect, what We will have the full range of
our developed systems. At the same is your capacity and do you have any services from logistics to refining to
time, we are looking to improve every visions to scale up your capacity in hedging.
day regarding compliance. The best the existing ecosystem?
part about it is that the support we Mr Ahmad: Sam Precious Metals, What’s your take on IGC?
get from the management, from the in the year 2018, started the Mr Sadi: It’s a great event. I
chairman to the general manager to refinery with an 11,000 square-foot congratulate the organisers for
the deputy general manager, it is an warehouse where our capacity having such a well-organised and
absolute freehand that we get. reached up to 1.2 tonnes of gold and timely coordinated event. One of
500kg of silver. the problems in many events is
It is a challenge for compliance to managing such high dignitaries
do its work in most places. At sam Currently, Sam has a space and eminent personalities that
the decision-making on whether of 22,000 square feet, but our generally come for these events.
to onboard or reject a client has developments are not enough I think IGC has done a great job
solely been given to the compliance yet. So, we have signed a 10- organising the event; there’s a lot of
team without any interference from year contract with the concerned hard work which we do not realise;
the management. Sam is a place authorities to procure a facilitiy in it’s months and months of planning
where we have focused on making Dubai Production City, which is and coordination between the
compliance an independent function, 65,000 square feet This new facility stakeholders that goes into creating
which talks about the integrity of the along with the current refinery will be such an event. It’s an excellent
department; there is no influence approximately 87,000 square platform for everybody, where we
from the management or anybody. feet, making us one of the biggest connect with people from different
We are an independent structure refineries in the world. This is not backgrounds and industries, playing
within the organisation. just about the capacity but also a part together in the same industry.
about the value-added products. We Multiple stakeholders are equally
Every day we are improving; you see, are going to expand our products. important in running our industry.
our standards yesterday and today Currently, we are offering minted So getting to know people out here
it’s one step better, and tomorrow, bars ranging from 1 gram to 250 and interacting with them is a great
we will work on something even grams with different shapes and opportunity and adds value to the
better, and the idea for Sam is that trademarks. Sam currently has five industry and stakeholders here
we will be doing business and doing exclusive trademarks, and we will today.
it responsibly; we will compete in the start producing precious chemicals
market with integrity and honesty. used in the precious metal industry.

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