GJ Town India

How this could save you both time & money: AWDC According to the announcement made by Antwerp World Diamond Centre (AWDC), webinar where Pranay Narvekar, Chief Executive Officer at MyKYCBank, is going to walk us through the My KYC Bank platform.  By means of a presentation Mr. Narvekar will discuss the importance of Why should I do KYC, followed by how the MyKYC Bank operates, and how this could save you both time & money. The webinar is scheduled on Thursday, 21 January 2021 at 12:30 – 14:00 CET. MyKYCBank is a centralized online platform (a repository/ a data bank) of KYC, created especially for the Gem & Jewellery Industry to address their KYC management needs.  A company now only has to register once on MyKYCBank.com, complete its own KYC profile, upload some supporting documents and done!  Once the information is verified with the supporting documents, a permanent MyKYC ID will be generated and the company’s MyKYC profile is activated and is ready to share with its Bu

GJEPC Leadership represents G&J Industry concerns through a Video Meet Ease of Business, e-commerce, Amendments in Gold Monetisation Scheme, Priority Status for Gem & Jewellery (G&J) sector, MyKYCBank platform mandatory for G&J entities, Increasing Bank Credit exposure to G&J sector, Reducing import duty, Development of SEZ’s etc represented during the meeting!   The Gem & Jewellery Export Promotion Council’s Chairman Colin Shah, Vice Chairman Vipul Shah, and Executive Director Sabyasachi Ray held a video meeting with the Hon’ble Finance Minister, Smt. Nirmala Sitharaman on 6th July, and made a presentation on the critical issues concerning the gem and jewellery industry. Some of the concerns presented during the meeting included, E-commerce policy for the gem and jewellery sector; making MyKYCBank platform mandatory for all gem and jewellery entities; sale of rough diamonds in India by miners to Special Notified Zones (SNZs); requested a cl

DMCC, the fourth trade body  joining MyKYCBank The Dubai Diamond Exchange (DDE)-a subsidiary of DMCC (Dubai Multi Commodities Centre) – 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 momentous 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 so as enable them to meet their obligations under the anti-money laundering AML laws of their res

Supports MyKYCBank & announces New MyKYCBank info sessions Due to the great interest in MyKYCBank, new info sessions about this have been planned for January 2019, said AWDC. MyKYCBank allows diamond traders to register on the platform, where they are to fill in all their KYC information and upload the supporting documents. As such, all KYC documents, from proof of company registration to passport copies of directors, are saved in the system. By making connections with other companies on the platform, this information can be shared between members of the platform. This way, you no longer need to ask all KYC documents from your client, but you can download them from the platform and keep them for your administration. This initiative was set up by GJKIC, a non-profit daughter company of GJEPC, the Indian equivalent of AWDC. AWDC is the first diamond trade center which started its cooperation with GJEPC and so now also Belgian diamond traders can register for this