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https://mordfin.com/wp-content/uploads/2019/12/jewelers_guide_to_aml_laws_final.pdf
Jewelry manufacturers and retailers are among a host ... implement an anti money laundering compliance program. This program would also need to address transactions involving their non-US sales and purchases, as well as those to the general public domestically.
https://jvclegal.org/about-aml/
About AML. Almost all jewelry businesses in the United States must comply with Anti-Money Laundering laws and regulations. This includes foreign-based businesses who have a presence in the US. This set of laws is sometimes referred to as “AML”, “PATRIOT Act”, or “KYC/Know Your Customer” rules. If you qualify as a dealer (you buy and ...Estimated Reading Time: 9 mins
Mar 15, 2020 · Almost all jewelry businesses in the United States must comply with Anti-Money Laundering laws and regulations from the PATRIOT Act and the Bank Secrecy Act. JVC offers a written guide to help you create and implement a comprehensive anti-money laundering program.
https://www.fincen.gov/news/news-releases/dealers-precious-metals-stones-or-jewels-required-establish-anti-money-0
Jun 03, 2005 · Under an interim final rule announced today by the Financial Crimes Enforcement Network (FinCEN), dealers in precious metals, stones or jewels are required to establish anti-money laundering programs. At a minimum, dealers must establish an anti-money laundering program that comprises the following four elements: Policies, procedures and internal controls, based on the …
https://www.fincen.gov/resources/statutes-regulations/guidance/frequently-asked-questions-0
May 03, 2005 · If the jewels, precious metals, and precious stones in your jewelry account for 50 percent or more of the selling price of the jewelry, and the value of the jewels, precious metals and precious stones contained in the jewelry you sell exceeds $50,000, you will be required to have an anti-money laundering program.
http://jrginc.com/AML/aml.html
Anti Money Laundering (AML) To All Customers, ... Therefore, for example, if you are a manufacturer of gold jewelry, we understand that you may have a legitimate need to buy gold, and have a legitimate source of scrap gold for refining. We are not likely to follow that line of inquiry further. If, on the other hand, you are, say, a postal clerk ...
https://www.forbes.com/sites/irswatch/2011/03/21/the-irs-targets-jewelers-for-compliance-with-anti-money-laundering-rules/
By Josh Ungerman · Mar 20, 2011 · 4 mins to read
https://www.jckonline.com/editorial-article/jewelers-must-comply-with-patriot-acts-aml-provisions-says-jvc/
Jun 03, 2005 · Jewelers ‘must’ comply with Patriot Act’s AML provisions, says JVC. June 3, 2005 by JCK Magazine. Jewelers’ requirements for complying with the anti-money-laundering regulations of the revised Patriot Act were outlined by Ulla Wolff, assistant general counsel of the Jewelers Vigilance Committee, during a seminar on Thursday.
https://www.jckonline.com/editorial-article/fincen-leaks-jewelry-business/
Sep 24, 2020 · SARs are basically the money-laundering equivalent of “if you see something, say something.” Under the Patriot Act, jewelers and other dealers in precious metals are considered “financial institutions.” That means they have to set up anti–money laundering (AML) programs, which …
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