Act that took effect in 2023, industries across the spectrum, including the diamond sector, are mandated to establish internal reporting mechanisms—Whistleblower Channels—for employees to confidentially report legal violations. This landmark legislation aims to foster integrity and transparency within companies by fostering a ‘speak-up culture,’ empowering employees to disclose serious infractions without fear of reprisal.
Addressing the impact on traders, AWDC is taking proactive steps by instituting a dedicated reporting channel and offering a comprehensive template policy. To elucidate these measures and ensure a seamless transition, AWDC extends a cordial invitation to a forthcoming workshop. This session promises invaluable insights into the new legal requisites and unveils AWDC’s efficient, cost-effective solutions tailored to benefit all traders.
Join us at the workshop to delve deeper into this pivotal legal mandate and discover how AWDC is poised to streamline compliance, providing traders with a pragmatic approach to meet these regulatory obligations.
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
