The U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued two federal regulations of insurance companies under the Bank Secrecy Act and the USA PATRIOT Act of 2001 (Patriot Act). FinCEN continues to exclude insurance agents and brokers from direct coverage, leaving insurance issuers and underwriters solely responsible for managing AML risk associated with covered insurance products. LEARN MORE >

 Jewelry & Precious Metals

On February 19, 2003, the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued an advance notice of proposed rulemaking offering for comment proposed new regulations to implement the USA PATRIOT Act amendments to the Bank Secrecy Act (“BSA”).  Precious Metals Dealers are “Financial Institutions” Under the Bank Secrecy Act.

Veridocs has developed an intuitive suite of services to enable any precious metal or jewelry dealer the ability to not only know that the person you are transacting with is who they say they are, but also manage all legislative requirements from a single user interface.  LEARN MORE >