The Jewelers Vigilance Committee has developed a USA PATRIOT Act Compliance Kit, an anti-money laundering program designed to help businesses comply with the recently published regulations.
The kit includes templates and forms that can be customized; frequently asked questions and resources, and checklists for creating an AML program.
JVC also provides targeted compliance services such as “Ask the AML Expert”, a secure, Web service where store owners and JVC members can ask Cecilia L. Gardner, JVC’s executive director and general counsel and PACK author, questions about how to develop effective AML programs or even about specific transactions that might raise concerns. “Ask the AML Expert” is free for PACK owners and JVC members and completely confidential. The service is TradeLock protected, users must supply their JVC user-name, user-password and full contact information online.
Additional compliance services will be offered by JVC, including consultation in developing an AML program, education for relevant employee’s and performing the required periodic testing of the program for effective implementation. These services will be fee based, depending on the nature of the service, and the size of the company. Service contracts for consultation are included in the PACK.
Jan. 1, 2006, is the deadline to comply with AML rules. The compliance kit is available for purchase on JVC’s Web site: www.jvclegal.org.