ALROSA Clients Required to Undergo Preliminary Qualification
OREANDA-NEWS. In accordance with the Company order issued by ALROSA President Sergey Vybornov, dated August 14, 2008, by October 1, 2008 the current lists of enterprises approved to enter into contracts with ALROSA to receive diamond allocations in the internal and external markets are to be brought in line with the recently adopted internal regulation "On Preliminary Qualification of Persons Interested in Effecting Deals Involving Rough Diamonds with ALROSA Company Limited", reported the press-centre of ALROSA.
Along with standard requirements to potential clients, the new edition requires availability of information in respect of shareholders, management and other persons who are members of the same group, including the ultimate beneficiary, as is provided for by the competition laws.
These requirements have been formalized by the Company in compliance with the RF law "On Combating Legalization of Proceeds of Crime (Anti-Money Laundering) and Terrorist Financing".
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