Jewelers and the Patriot Act

vj · 2004-10-19T04:19:57+00:00

okay - i'm not there yet. i don't know if anyone here IS. but . . . Under Title III, Section 352 of the Patriot Act, any business buying and selling $50,000 or more in precious gemstones, metals and/or jewelry annually will be required to have an anti-money laundering program in place!!!!! there are a lot of 'catches'. this month's Lapidary Journal has a several page article on it. "it's not optional. it's not voluntary". Note: a sidebar to the article says "Before you start ripping out your hair trying to figure out how on earth to design an anti-money laundering program, much less find the time to write it out, check out They are putting together a compliance kit that will contain templates, forms and guidance to doing the task."

Oct 19, 2004 21 Replies

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Kaytee 21 years ago

It looks like you'd expect for "WalMart jewelry".... Kaytee "Simplexities" on

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bluemaxx 21 years ago

ooohh, Val... I have a recipe for Pumpkin Spice Cheescake that men used to beg me to make for them. Want the receipe? :)

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