Are You Compliant With Anti-Money Laundering Laws?
What you need to know to protect yourself and your business By Jewelers Mutual® Group There are many obvious ways to keep your business safe. Things like having a working alarm system, keeping an eye out for suspicious activity, and alerting the authorities to potential threats are crucial to protecting your staff and store. One critical safety measure often forgotten is anti-money laundering (AML) compliance. Complying with these laws can be tricky for jewelers, but if you don’t, you could face serious penalties. Anti-money laundering certification for jewelers is required, and you need to renew it on an annual basis.