Posted on February 9, 2010
The Jewelers Vigilance Committee will present "USA PATRIOT Act Compliance - Is Your AML Program Ready for IRS Review?" at the JA/NY Winter Show.
Jewelers can speak to the IRS about their AML (anti-money laundering) programs. Seminar attendees will receive a signed AML training letter from JVC which will apply toward companies' obligation to develop and implement an AML training program for employees.
The seminar will include discussion about AML and Bank Secrecy Act (BSA) and the documents that the IRS will probably ask to review. These include:
- Written AML program
- AML training materials for employees
- Risk assessment reports
- Periodic testing of AML programs (required by law)
- Transactions pertaining to the purchase and sale of precious metals, stones or jewels
- Cash reporting using IRS form 8300's
The conference will take place in the Jacob Javits Convention Center, Monday, March 1st, 8:30 a.m. - 10 a.m. in meeting room 1D05-06.
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