June 18, 2018: OFAC amends Rough Diamond Trade Controls

Publication of Amended Rough Diamonds Control Regulations

OFAC is issuing an amendment to the Rough Diamonds Control Regulations, 31 C.F.R. part 592, to: clarify several reporting requirements and remove another; clarify which entity may issue Kimberley Process Certificates for the export of rough diamonds from the United States; clarify the steps necessary to validate a Kimberley Process Certificate; add two definitions that define rough diamond packaging requirements and Kimberley Process voided certificates; and make certain technical and conforming changes to the penalties section of the regulations. This amendment will take effect upon publication in the Federal Register on Tuesday, June 19, 2018.


OFAC Notice

Rough Diamonds Control Regulations

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s