JVC to Host Webinar on All Things Anti–Money Laundering

The Jewelers Vigilance Committee (JVC) has announced it will will be hosting a live webinar to explain the importance and nuances of “all things anti–money laundering related.”

In essence, the webinar—simply entitled “Anti-Money Laundering 101: A JVC Explainer of All Things AML”is a primer on what AML is, who is required to comply, and how businesses can ensure they are “designing an AML program that follows the rules and protects their supply chain,” according to a statement from JVC. 

The topic didn’t come out of the ether. In partnership with Jewelers Mutual Group, JVC has recently released JewelPAC, a new online software solution for AML compliance. But the topic is a heady one, and there’s lots to be learned. 

And no single industry organization is more knowledgeable about the subject. The JVC, a nonprofit, has been the recognized source for legal compliance information in the jewelry industry since 1917. It serves every link along the jewelry supply chain—from legal guidance and industry guardianship to member education. 

The virtual event will be hosted by Tiffany Stevens, president and CEO of JVC, and Sara Yood, senior counsel for JVC. It’s scheduled for July 23, 2–2:45 p.m. ET.

Anti-money-laundering is especially hot topic right now in the jewelry industry, Stevens tells JCK, because, “with COVID-19 creating chaos in supply chains, governments and financial realities around the world, we know that all manner of illegal activity is on the rise, including money laundering.”
She adds, “We already have strict AML regulations that govern our industry, and more are on the way in the U.S. The jewelry industry needs to be more sure than ever that we are dealing with legitimate business partners in every transaction, have transparency on who we are dealing with on all sides of transactions, and can demonstrate that knowledge through an AML compliance program”.

The webinar is free to JVC members, but the nonmember fee is an accessible $25. Click here for registration and details.

Top: Tiffany Stevens, CEO and president of the Jewelers Vigilance Committee (photo courtesy of JVC)

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JCK Senior Editor

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