AWDC Introduces New Know Your Customer Portal Application

The Antwerp World Diamond Centre (AWDC) has launched the KYCP (Know Your Customer Portal), a digital tool that automates customer and transaction screening for diamond traders.

A New Digital Compliance Platform

The KYCP system replaces manual, spreadsheet-based checks with an integrated platform that centralizes all KYC documentation. It offers diamantaires a faster, more accurate way to conduct screenings, providing real-time alerts for potentially suspicious activities. Offered free of charge, the tool is designed to simplify compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations while reducing administrative effort.

Improving Compliance Processes

By streamlining regulatory reporting and automating routine checks, KYCP significantly eases the compliance burden—particularly for small and family-run businesses that often struggle with paperwork-heavy AML/KYC requirements.

Investment and Industry Impact

AWDC invested around EUR 250,000 to develop the platform and is making it available at no cost to the 1,470 Antwerp-based diamond firms it represents. As Belgium’s first collective digital compliance system for a non-financial sector, KYCP strengthens the transparency and regulatory positioning of Antwerp’s diamond industry.