ABSTRACT

Anti-Money Laundering Programs for Dealers in Precious Metals, Stones, or Jewels   [open pdf - 472KB]

The Treasury Departments Financial Crimes Enforcement Network released this interim final rule on minimum standards for dealers in jewels, precious metals, or precious stones, in conformance to the USA Patriot Act, which requires financial institutions to establish anti-money laundering programs. This rule has been issued as an interim final rule because FinCEN was seeking additional public comment on several aspects of the interim final rule. These regulations require financial institutions to keep records that would prove useful in the conduct of intelligence or counterintelligence activities to protect against international terrorism, and to implement counter-money laundering programs and compliance procedures. Comments on the interim rule will be accepted until 3 July 2005.

Publisher:
Date:
2005
Copyright:
Public Domain
Retrieved From:
Financial Crimes Enforcement Network (FinCEN), Treasury: http://www.fincen.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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