R24 Global Awards

Middle East and North Africa multilateral exchange (mmex)

Founded in fujara international free zone (ifza) of UAE, it is located in the heart of fujara, supporting airport, port and shipping center. Located in the center of the world, the United Arab Emirates is one of the most closely connected countries in the world. With the movement of the global economic belt, the United Arab Emirates has become an important central point connecting the East and west economic ties in central and northeast Africa. Mmex is built to connect the multilateral exchanges in the Middle East and North Africa, forming a major part of an important hub to Asia and Europe.

Mena multilateral exchange ("mmex") is a company incorporated in ifza, fujara, UAE, which is governed and supervised. In accordance with the corporate Act 2001, the annual audited financial statements of mmex must be issued. Mmex registered members buy and sell investment in physical precious metal bullion (gold, silver and platinum) in the United Arab Emirates and do not provide or trade "financial products" (as defined by the securities and commodities Regulatory Commission of the United Arab Emirates) through mmex. Mmex does not provide derivatives, nor does mmex have short selling function. No UAE securities and commodities regulatory services licence ("ESCA") is required. We have confirmed this through an independent third party proposal. In addition, according to UAE law, there is no legal requirement for individuals or organizations to buy or sell physical precious metal bullion on mmex, or provide advice on the use of mmex services to buy or sell physical precious metal to hold 'ESCA'. Our customer account agreement (details can be found here) provides contractual terms that bind members and other market participants to participate in our exchanges. As a reporting entity engaged in designated services under the anti money laundering and anti terrorist financing Act 2006 (amlfa), mmex must maintain a comprehensive anti money laundering plan to ensure that all money laundering and terrorist acts are mitigated and reported, as well as fund-raising activities. Mmex has implemented a comprehensive customer due diligence program to identify, validate and monitor its market participants in accordance with the anti money laundering act.

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