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http://www.jewelersresource.com/public/147.cfm?sd=15
The Patriot Act is designed to force you to remain vigilant and to alert you to efforts on the part of terrorists to use your business to launder money. Compliance with the requirements of the Patriot Act follows five basic steps: 1. You must appoint a compliance officer. This person must be an employee of …
https://ucc4jewelers.com/patriot-act-compliance/
On June 3, 2005, the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury issued the Interim Final Rule implementing section 352 of the USA PATRIOT ACT requiring certain defined dealers in precious metals, stones, or jewels (“Defined Dealers” to be discussed in more detail in the next the Article;) as well to establish an anti-money-laundering program.
https://www.jckonline.com/editorial-article/jewelers-must-comply-with-patriot-acts-aml-provisions-says-jvc/
Jun 03, 2005 · 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. “This isn’t optional,” …Estimated Reading Time: 3 mins
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.Estimated Reading Time: 5 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://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 ...
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
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 . asked to prove their compliance with their banks in order to
https://www.maguireref.com/about-us/regulatory-info/
The USA PATRIOT Act. On October 26, 2001, the USA PATRIOT Act was signed into law, requiring “dealers” in precious metals, stones or jewels to implement a written AML (anti-money laundering) program by January 1, 2006. The act states: “Precious metals, precious stones, and jewels are easily transportable, highly concentrated forms of wealth.
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