Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Am I required to comply with the AML regulations for dealers in precious metal, stones or jewels?

April 26, 2017AML comply Dealers jewels metal precious regulations stones

0

Posted

Am I required to comply with the AML regulations for dealers in precious metal, stones or jewels?

1 Answer

0

Posted

A. If you buy “covered goods” in an amount in excess of $50,000 during 2007 and receive more than $50,000 in gross proceeds from the sale of “covered goods” during the same period, you must comply by January 1, 2006. There are important exceptions for retailers.