JVC Highlights Need for AML Programs

The Jewelers Vigilance Committee (JVC) will conduct a seminar on compliance with the USA Patriot ACT at the JA/NY Winter Show, scheduled for March 1 in New York. The seminar will review the anti-money-laundering (AML) programs used by jewelers.

The JVC launched the seminar, entitled "USA Patriot Act Compliance: Is Your AML Program Ready for IRS Review?,” after hearing from a number of jewelers that the Internal Revenue Service (IRS) has inquired about their anti-money-laundering programs.

"The IRS is actively examining jewelers' AML programs for compliance with the USA Patriot Act,” said Cecilia Gardner, JVC's president and chief executive officer. "This seminar will provide important AML information and updates for jewelry manufacturers and retailers who developed-or need to develop-an AML program."