The Jewelers Vigilance Committee is presenting its “Legal Compliance is NOT Optional” education seminar series Oct. 10 in Seattle, and Oct. 11 in San Francisco. JVC said it selected these cities based upon the large number of jewelry retailers and suppliers doing business in these areas.
In 2006, JVC developed and launched “Legal Compliance is NOT Optional” to educate jewelers about the legal regulations regarding how they do business. In 2007, JVC presented seminars in Dallas, Atlanta, and Chicago. The 2006 and 2007 seminars are sponsored by a grant from the JCK Industry Fund.
The seminars will be presented by Cecilia L. Gardner, JVC’s president, chief executive officer, and general counsel and Certified Anti-Money Laundering Specialist, and will offer practical “how to” actions many jewelers may need to take to follow legal compliance regulations, including how to comply with anti-money laundering regulations pertaining to the USA PATRIOT Act. Seminar content is designed to demystify government regulations for jewelers.
“Government regulations for the jewelry industry have gotten tougher,” Gardner said. “It is important that retailers, manufacturers, and distributors who sell fine jewelry know their legal obligations.”
She added, “Today, jewelers face many legal compliance challenges. In addition to trying to maintain or add market share, jewelers must comply with an array of legal compliance regulations and at the same time, fulfill existing regulations such as filling out an 8300 form for cash transactions over $10,000. In 2007, the IRS has been examining jewelers’ 8300 forms and asking to see their AML programs.
JVC’s seminar in Seattle is at theMayflower Park Hotel, 405 Olive Way. The San Francisco seminar is at the Westin St. Francis, 335 Powell St. Both seminars are from 8 a.m. till 10 a.m. and include a light breakfast.
JVC seminars are free of charge but registration is required. To register, email firstname.lastname@example.org; fax: 310-734-1636 or visit JVC’s Web site: www.jvclegal.org. For questions, call JVC at 212-997-2002.