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Company Response

23 Mar 2014

Dubai Multi Commodities Centre

DMCC response to Business & Human Rights Resource Centre

"DMCC utterly rejects any suggestion that it has acted in any way improperly in the application of responsible sourcing guidelines for gold and the review process for member refineries. We have never concealed instances of non-compliance or protocol breaches, nor sought to influence EY or any independent reviewer in carrying out their duties in the review process. We have also never altered, amended or diluted our responsible sourcing guidelines to favour any member refinery or otherwise interfered with the review process. We further deny that we have misled or failed to keep any stakeholder fully informed in relation to the review process. All findings have been made public, and we are confident that the review and reporting processes are robust.DMCC plays a positive leadership role in implementing practical, transparent measures that are wholly aligned with international standards to assure an inclusive and compliant conflict-free supply chain. Any suggestion that we have not acted responsibly throughout this process is completely unfounded.”

Part of the following timelines

Report by Global Witness: "City of Gold - Why Dubai’s first conflict gold audit never saw the light of day"

أرنست ويونغ تتسترعن مخالفات سوق الذهب في دبي (ردود من أرنست ويونغ، كالوتي، مركز دبي للسلع المتعددة)