Open Letter To FinCen Director William Fox
June 09, 05 by Chaim Even-ZoharDear Sir, Allow me to give you an international perspective on the U.S. Treasury’s anti-money laundering and anti-terrorist financing rules for the diamond and jewelry industry. Last year... Read More...
Credit is Not Forever
June 02, 05 by Chaim Even-ZoharBanks provide the oxygen the diamond business needs to operate. The positions of the diamond bankers tend to be analyzed in a similar fashion as U.S. financial market players interpret every word uttered by Federal Reserve chairman Alan... Read More...
Averting Antwerp’s Apocalypse
May 26, 05 by Chaim Even-ZoharThe European Union was in the vanguard of both the Kimberley Process and the enactment of anti-money laundering compliance rules. The Belgian government, as a responsible member of the European single market, passed all the... Read More...
Buying Your Competitors’ Customers
May 19, 05 by Chaim Even-ZoharA Belgian diamond trading organization complained to the European Commission against De Beers after one of its non-Sightholder members “was surprised and shocked to discover that a representative from DTC had visited two of his... Read More...
Katie versus Nicky in Madison County: Reflections on a Weird Class Action
May 12, 05 by Chaim Even ZoharIt was just another sunny May day in Illinois, when Madison County Circuit Judge George Moran Jr. entered a default... Read More...
Indian Parliament Moves to Finally Implement Money Laundering Laws
May 05, 05 by Chaim Even-ZoharIn terms of anti-money laundering (AML) and combating the financing of terrorism (CFT) legislation, the Indian diamond... Read More...
The Globalization of Alrosa Rough Marketing
April 28, 05 by Chaim Even-ZoharAlrosa President Alexander Nichiporuk has decided that out of his conglomerate’s total diamond production of some $2 billion a year, about 30% is... Read More...
Under-valued Rough Diamond Imports into Dubai Trigger Filing of Suspicious Activities Reports
April 21, 05 by Chaim Even-ZoharAny rough diamond parcel traveling in transit through Dubai finds its value “mysteriously” ... Read More...
Alrosa Agrees To “Equal Pricing” For All
April 14, 05 by Chaim Even-ZoharLast week we reflected on the anti-monopoly investigation against Alrosa and the Republic of Sakha (Yakutia) in respect to Alrosa’s differential rough ... Read More...
Alrosa Suspected Of Violating Competition Laws
April 08, 05 by Chaim Even-ZoharFederal investigators charge that Alrosa may have supplied affiliated diamond factories with rough diamonds at concessionary prices and thus... Read More...
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