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Press Release: The Panama Diamond Exchange will a host a seminar for representatives of the government of Panama, members of the diplomatic corps, the financial and business sectors and the media, focusing on regulatory policies associated with anti-money laundering and combating the financing of terrorism, specifically with respect to trading diamonds, gemstones and jewelry. The seminar will also feature an update on measures that are required to implement the Kimberley Process Certification Scheme, which is the international system designed to prevent the infiltration of diamonds from areas of conflict into the legitimate chain of distribution, and to which the government of Panama is a signatory. The one-day seminar will take place on July 22, 2014, at the Tryp Panama Hotel at the Albrook Mall, Avienda Marginal, Corregimiento de Ancon, Panama, starting at 9 a.m. and concluding at 5 p.m. Registration will open at 8 a.m. and lunch will be served that day. The anti-money laundering and financing of terrorism seminar, which will be conducted in English, will be presented by Cecilia Gardner, the president and CEO of the Jewelers Vigilance Committee from the United States. Gardner, who is regarded as a preeminent legal expert in the gemstone and jewelry industries, will be joined by Dr. Martin Hochbaum, the managing director of the New York Diamond Dealers Club and he is also the chairman of the U.S. Kimberley Process Authority. "As the only recognized diamond exchange in Latin America, we are committed to doing all that we can to ensure that the regional gemstone and jewelry trade meets all the international standards required to ensure the integrity of our products and our business community," said Eli Izhakoff, the founding chairman of the Panama Diamond Exchange. "We are pleased to know that the Panamanian government shares our opinion and is ready to work with us to meet these goals." Gardner said, "The seminar is being conducted in support of the Panamanian government's commitment to work with the Financial Action Task Force to build its anti-money laundering and combat of financing terrorism enforcement and to update its implementation of the Kimberley Process system." The training offered by the Jewelers Vigilance Committee and the Diamond Dealers Club aims to ensure full knowledge on the part of relevant government officials of the steps required to engage with the international community to prevent money laundering, terrorist financing, and the trade in conflict diamonds, she added.
For more information about the seminar please contact Judy Meana, the director of communications for the Panama Diamond Exchange at telephone number 507.302. 8945, or by email judy.meana-at-pde.com.pa.
The Panama Diamond Exchange is the first and only diamond bourse in the entire region of Latin America, including South America, Central America, Mexico and the Caribbean. It will anchor the Panama Gem & Jewelry Center, which is now under construction and is designed to serve as the primary Latin American trading center and international gateway to and from one of the world jewelry industry's most exciting growth markets.
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