Searching for Jewelry Money Laundering information? Follow the links below to find all the information you need and more.
https://www.jewelersmutual.com/clarity-blog/anti-money-laundering
Apr 03, 2018 · It's not just because there's more of it to manage, but jewelers specifically need to be cognizant of Anti-Money Laundering (AML) laws. Complying with these laws can be tricky for jewelers, but one thing is for sure: if you don't, you could face serious …
https://www.newsweek.com/ivanka-trump-diamonds-caught-alleged-money-laundering-scheme-757168
Dec 22, 2017 · Diamonds from first daughter Ivanka Trump's now-defunct fine jewelry line were allegedly used in a massive money-laundering and fraud …
https://jvclegal.org/about-aml/
Almost all jewelry businesses in the United States must comply with Anti-Money Laundering laws and regulations. This includes foreign-based businesses who have a presence in the US. This set of laws is sometimes referred to as “AML”, “PATRIOT Act”, or “KYC/Know Your Customer” rules.
https://www.fox19.com/2019/11/19/feds-least-m-drug-money-laundered-by-cincinnati-businesses/
Nov 19, 2019 · Tri-State Jewelers is accused of storing at least $2.5 million total between December 2018 and April 2019. Nationwide Automotive is accused of laundering at least $800,000…
https://www.cincinnati.com/story/news/crime/crime-and-courts/2019/11/20/tri-state-jewelers-money-laundering-drug-trafficking-dea/4249952002/
Nov 21, 2019 · $3 million in money laundering in less than a year. The first involved Vyacheslav Minyalo, also known as Slavik, the is the owner of Tri-State Jewelers and …Author: Cameron Knight
https://www.fincen.gov/news/news-releases/dealers-precious-metals-stones-or-jewels-required-establish-anti-money-0
Under an interim final rule announced today by the Financial Crimes Enforcement Network (FinCEN), dealers in precious metals, stones or jewels are required to establish anti-money laundering programs. At a minimum, dealers must establish an anti-money laundering …
https://www.forbes.com/sites/irswatch/2011/03/21/the-irs-targets-jewelers-for-compliance-with-anti-money-laundering-rules/
Mar 21, 2011 · Generally speaking, a jewelry business is subject to the Anti-Money Laundering Program requirement if two conditions are present (i) the business buys more than $50,000 of precious metals, jewels...
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