AML Obligations to be addressed in Seminar during JA/NY Show

Jewelers Vigilance Committee and The Jewelers Board of Trade are presenting “Industry/Government Relations – Your Anti-Money Laundering Obligations,” a new anti-money laundering seminar to inform jewelers about what they can expect now that the Internal Revenue Service has a system in place to review jewelry businesses’ AML programs to comply with the USA PATRIOT Act.

JVC/JBT will present the seminar at the Jewelers of America New York Summer Show, July 30, 8:30 – 10 a.m., Jacob Javits meeting room 1E04. The seminar is free to attend. Registration is not required; space is limited. Panelists include: F. Kim Buggs, compliance policy program analyst, IRS, Gary Murray, New York High Risk Money Laundering and Related Financial Crimes Areas, Dione Kenyon, president, The Jewelers Board of Trade. Cecilia Gardner, president, CEO and general counsel JVC will moderate.

“It is imperative that jewelers who have to comply with the USA PATRIOT Act develop their AML programs,” Gardner said. “Most manufacturers and some retailers were required to draft and implement an AML program by January 2007. The seminar will include important information about AML and 8300 audits.”

Topics covered at the seminar will include:

* What you can expect now that the IRS has a system in place to review jewelry businesses’ AML programs to comply with the USA PATRIOT Act.

* What government regulators can learn from industry members; and

* Credit analysis services to support your AML program

Panelists will take questions.

This seminar is part of an ongoing series of free JVC AML seminars to educate the jewelry industry about important legal compliance issues and to help jewelry businesses to develop their AML programs to comply with the USA PATRIOT Act.   

For more information about legal compliance information pertaining to the jewelry industry, visit www.jvclegal.org.