Money Laundering and Finance of Terrorism
Suppliers must maintain financial accounts of all business transactions where required by applicable law and in accordance with national or international accounting standards.
2.3 Kimberley Process
Suppliers must not knowingly buy or sell Conflict diamonds or asset others to do so.
Suppliers, where involved with the international trade of rough diamonds must apply the rough diamond export and import verification system and controls as laid out by the Kimberley Process Certification Scheme and relevant national legislation. Suppliers must keep records of Kimberley Process Certificates for rough diamonds. Kimberley process Certificates must be independently audited and reconciled by the suppliers own independent auditor on an annual basis.
Suppliers, where involved in buying and selling diamonds, whether rough, polished or set in jewellery, must fully adhere to the principles of the “World Diamond Council Resolution on Industry Self-Regulation”. Suppliers are required to have systems in place so that all invoices for diamonds, whether rough, polished or set in jewellery, either bought or sold, contain the World Diamond Council Warranty statement. Suppliers must have systems in place so that they do not purchase from sources that do not provide the World Diamond Council warranty statement on their invoices.