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Free Access to Bureau Van Dijk Database
AWDC offers all Belgian registered diamond traders free access to the Bureau Van Dijk database. This enables them to gather more information about their clients and verify their KYC information. The database contains, amongst others, the following information for more than 250 million companies worldwide:
- Identification details
- Sanctions lists
- Politically Exposed Persons lists
- Enforcement lists
- FATF & EU high-risk countries
- Adverse media
- Member state of the Kimberley Process
It conducts a risk screening based on the results of various screened information, assisting diamond traders in assessing potential risks associated with their clients, business relationships, or transactions.
By leveraging this database, diamond traders can better comply with their AML obligations. It supports the verification stage of their KYC processes and facilitates a thorough risk analysis of their clients.
Obligated Annual AML Report
All Belgian-registered diamond traders are required to submit their Annual AML Activity Report, detailing the previous year’s activities, to the FPS Economy. The deadline for submission is March 31st each year. Companies registered with the FPS Economy for diamond-related activities but not classified as diamond traders (e.g., brokers, polishers, jewelers) are also required to submit the form but only need to complete certain sections. Similarly, diamond traders who had no activity in the past year must still partially complete and submit the report.
Submitting the Annual AML Report digitally via www.registereddiamondcompanies.be is strongly recommended. To obtain a login and password, contact the FPS Economy at diamond@economie.fgov.be. If you already have a login and password for the KYC (Bureau Van Dijk) database, you can use the same credentials to submit the AML form. Once submitted digitally, the report is automatically sent to the FPS Economy, and all past reports are stored in the trader's profile for easy reference.
The AWDC Compliance Helpdesk: Your Multitool for AML and Compliance
The AML Helpdesk is a dedicated team of experienced experts who provide guidance and support to diamond companies on AML and compliance matters. Here is an overview of the topics they cover:
- AML and KYC tools
- Best Practices in the Diamond Trade
- GDPR
- Sanctions Compliance
- Report Suspicious Transactions
- Kimberley Process Regulations
Questions?
