Secondary sanctions are penalties that the U.S. government can apply not just to companies directly doing business with restricted countries but also to those who work indirectly with them. For […]
Below is an edited transcript from JVC’s Q4 2022 Compliance Briefing held on Thursday, November 17th, 2022. JVC’s Quarterly Compliance Briefings (CB) are held in harmony with our quarterly Board
In April 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control designated Alrosa on the OFAC Specially Designated Nationals list, blocking all U.S. transactions with or benefiting Alrosa.
On June 26, 2022, President Biden along with the other members of the G7 announced together that they would collectively ban the importation of Russian gold in their countries. The
What is the Kimberley Process? The Kimberley Process (KP) is an international initiative launched in 2003, after several years of discussions on ways to stop the trade in conflict diamonds.
This is an edited transcript of JVC’s Compliance Briefing, held on Friday, April 8th, 2022. This Compliance Briefiing’s subject was mainly the Russian diamond sanctions in the jewelry industry. The
Further to the additional sanctions placed on Alrosa on April 7, JVC has received additional guidance from our government partners that helps further clarify the current legalities of diamond importation
JVC offers up-to-date information on sanctions in jewelry and broader used materials to help guide companies through current events. Doing business in the United States in the jewelry industry, which