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http://www.jewelersresource.com/public/147.cfm?sd=15
After four years of tinkering, the US government has finalized the rules applicable to the jewelry trade under the Patriot Act. Virtually all of the rules were already known to the trade. At a meeting held at the New York Diamond Dealers Club, Jewelers Vigilance committee president and general counsel Cecilia Gardner and IRS Enforcement Officer Alex Basden detailed the process by which members of the trade will, and must, comply …
https://ucc4jewelers.com/patriot-act-compliance/
The Patriot Act requires all such Defined Dealers in the jewelry industry to have a comprehensive plan, with ongoing, continuing education, personnel training, regular, periodic review and updating of customer and supplier files and compliance with Federal reporting requirements. (To be continued.) My Email Address: [email protected]
https://www.jckonline.com/editorial-article/jewelers-must-comply-with-patriot-acts-aml-provisions-says-jvc/
By JCK Magazine · Jun 03, 2005 · 3 mins to read
https://jvclegal.org/about-aml/
If I am a retailer and buy from members of the public who are not "dealers" (as defined in the PATRIOT Act rules) must I comply with AML regulations? If you buy precious metal, precious stones, jewels or finished goods from members of the public or anyone not otherwise covered by these rules (such as foreign sources of supply) in an amount in excess of $50,000 you must implement an AML program …Estimated Reading Time: 9 mins
https://www.fincen.gov/resources/statutes-regulations/guidance/frequently-asked-questions-0
May 03, 2005 · The Financial Crimes Enforcement Network (“FinCEN”) is issuing these frequently asked questions (“FAQs”) regarding the application of its interim final rule implementing section 352 of the USA PATRIOT ACT and requiring dealers in precious metals, stones or jewels to establish anti-money laundering programs.
https://www.jewelersmutual.com/clarity-blog/what-to-know-about-anti-money-laundering-certification-jewelers
Apr 03, 2018 · Amendments made by the USA PATRIOT Act in 2001 includes jewelers as part of the "financial system" because of the enormous value gems, jewelry, and precious metals carry. Given the possibility that dirty money from illegal activities could be converted to clean money through trading jewelry, there are no signs that these laws will be rolled back .
https://mordfin.com/wp-content/uploads/2019/12/jewelers_guide_to_aml_laws_final.pdf
The passage of the Patriot Act in 2001 amended this earlier law to expand the range of businesses required to put in-place AML compliance programs, with the goal of making it even more di cult for terrorist and criminal organizations to operate within the United States. And since jewelry manufacturers and retailers regularly work with large amounts money used for investment purposes, their operations were included within the act's …
https://info.jewelersmutual.com/hubfs/elevate/downloads/jewelpac-faq.pdf
two different laws: the Bank Secrecy Act (passed by Congress and signed into law in 1970) and the USA PATRIOT Act (passed by Congress and signed into law in 2001.) All precious metals/gems/jewelry dealers have been required by law to be compliant since January 1, 2006. Enforcement of these regulations is done by the IRS, and often businesses are
https://texasjewelers.org/wp-content/uploads/2017/08/aml_gold_buyers_3_19_12.pdf
and jewelry containing those items, valued at $50,000 or more in one calendar year is covered by the US Patriot Act. These companies must create and implement a written anti-money laundering (AML) program. The law has been in effect since 2006. Fortunately, the Jewelers Vigilance Committee (JVC) offers a Patriot Act Compliance
http://www.transguardian.com/ClientServices/PAC/default.aspx
JewelPAC Home Did you know most jewelers are required to comply with Anti-Money Laundering (AML) laws under the USA PATRIOT Act? Due to the shift in how business gets done, it’s a good idea to review your current program or determine if you need one. The JewelPAC ® Program Makes It Easy
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