Page 8 - Bullion World Volume 03 Issue 07 July 2022

Bullion World | Volume 2 | Issue 07 | July 2022

‘Responsible Sourcing’ - Fundamental

and highly significant principle for

SAM Precious Metals

countries with the consuming transformative force in the precious
countries. In carrying out the metals market, it’s our duty to
operations, SAM strictly ensures our clients, our stakeholders, the
adherence to ethical and moral communities we serve, and our
standards and follows the process of organisation to uphold the highest
responsible sourcing. standard of ethical conduct, integrity,
and compliance in all that we do.
SAM Precious Metals believes
in the value of gold and silver as SAM Precious Metals is committed
a commodity of the future. The to map its supply chain in order to
company is focused on long term identify and assess the risks of
sustainable future and the primary contributing to conflict, Money
attention is always on the business Laundering, Terrorism Financing, or
areas where the company can attain serious Human Rights abuses,
recognized leadership position that associated with gold and precious
will allow SAM Precious Metals to metals which they produce,
create value for customers, people, distribute, transport, export, sell and/
society and other stakeholders. or purchase. SAM ensures that any
The primary goal of SAM is to material, whether recycled or mined
create sustainable value for products, entering the refinery is
Mr Sami Abu Ahmad clients, investors, people, society, from responsible and sustainable
Chairman, Sam Precious Metals and other stakeholders, while sources.
operating in a culture of responsible
Sam Precious Metals has been sourcing, adhering to regulations, SAM Precious Metals continuously
pursuing several initiatives like and demonstrating excellence operates and strongly recommends
RJC with Chain of Custody and in performance, innovation, and regularly seeks confirmations
UAE Good Delivery. Can you governance, trust, and respect. The from its suppliers to operate in
enlighten our readers on the senior management of SAM strongly accordance with the OECD Due
updates and status on the same? believe that growth and Diligence Guidance for Responsible
Founded in 2018 and headquartered sustainability go hand in hand, and Supply Chains of Minerals from
in Dubai, the city of gold, SAM it is a priority for the company to Conflict-Affected and High-Risk
Precious Metals is one of the top consider wider environmental, social Areas, RJC Code of Practices
three gold, silver and other precious and governance factors and invest and Chain of Custody, the LBMA
metals refineries in the UAE and is into the development of the industry Responsible Gold Guidance and
globally renowned in the industry and the wider community. the EBC Rules for Risk Based Due
with high end and efficient facilities in Diligence in the Gold Supply
Dubai, and Egypt. The cutting edge As we continue to grow, innovate, Chain. Policies are developed to
for the company is the strong establish a culture based on the meet the highest compliance with
network that helps connect the gold, principles of mutual respect and statutory regulations about human
silver and precious metals producing transparency, and be a rights, child labour, forced labour,

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