Anti Money Laundering Resources for Jewelers
The Jewelers Vigilance Committee (JVC) has opened up its “Ask the AML (anti-money laundering) Expert” service to the jewelry industry at large. Jewelers who use the organization's e-mail function receive confidential responses to their anti-money laundering questions from Cecilia Gardner, JVC’s president, CEO and general counsel, or Rebecca Halperin, JVC’s associate general counsel.
Interest in compliance with money laundering statutes and regulations has grown among jewelers after news broke of Yakov Arabov's arrest on money-laundering charges in New York. Arabov is a prominent jeweler known in the trade as Jacob the Jeweler.
See the full press release concerning JVC's new service here.
The "Ask the AML Expert" function can be accessed here.