William J. Fox, director, FinCEN (Financial Crimes Enforcement Network) will deliver the keynote address at the Jewelers Vigilance Committee’s industry seminar: “How to Comply with Anti Money Laundering Regulations” at the JA NY Show, Monday, Aug. 1, at 9 a.m. at the Jacob Javits Convention Center, Meeting Room 1E02. Registration is not needed; but space is limited.
FinCEN is the regulatory government agency that wrote and published the USA PATRIOT Act anti-money-laundering requirements for the jewelry industry. Fox, in his one-hour presentation, will discuss the need for the jewelry industry to comply with AML rules, the consequences of non-compliance, and who is effected. He will take questions.
Directly following Fox’s keynote session, there will be an industry panel discussion, featuring: Jewelers Vigilance Committee, Cecilia Gardner, JVC’s executive director and general counsel; Dione Kenyon, The Jewelers Board of Trade president; and Anna Martin, ABN Amro senior vice president. The panel will address industry based compliance solutions.
All businesses covered by the Act will have until Jan. 1 to come into compliance.