BELGIUM TIGHTENS ACCESS TO DIAMOND TRADE reported on 8 January that Belgium has introduced legislation requiring managers of diamond companies to prove their good conduct and knowledge of money laundering laws.  Firms wishing to trade diamonds or continue as an accredited diamond business must submit criminal records or proof of good conduct for the company and each senior officer.  New entrants to the sector must provide the documentation to the Federal Public Service Economy before being accepted, while existing traders have one year to submit their paperwork.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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