Supplier Due Diligence Process
Chapter X of the Legal Basic Circular issued by the Colombian Superintendence of Companies (Circular 100-006 of 2016) establishes that companies in the real sector must implement a Due Diligence process. This process includes a series of activities that must be carried out, among them the supplier due diligence and verification process.
Likewise, various international organizations have established general standards for the due diligence process of precious metals suppliers. Accordingly, C.I. MEPRECOL S.A. carries out a series of procedures to assess and verify its suppliers at the time of onboarding, with the aim of preventing risks and ensuring the security, integrity, and reliability of all business transactions.
Through this process, our company not only seeks to comply with legal requirements and recommendations but also aims to establish its suppliers as strategic partners in the commercialization of precious metals, ensuring that transparency remains the guiding principle of all activities within our industry.