India: India to Certify Diamonds as Free from Terror Financing, Money Laundering

Oct 31, 2018 | Rajesh Bhayani, Business Standard
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India has urged the global diamond industry to incorporate a process enabling the certification of diamonds that do not carry the stigma of corruption or money laundering and are not linked in any way to terrorism or terrorist financing. Following India’s demand, the global industry stakeholders have decided to enlarge the scope of the mandatory Kimberley Process Certification Scheme (KPCS) and Systems of Warranty for diamonds.