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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (222725)	2/19/2003 11:17:07 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 436258

DJ US Tsy: Anti-Money Laundering Steps For Metals Dealers 02/19/2003 Dow Jones News Services (Copyright © 2003 Dow Jones & Company, Inc.) WASHINGTON (Dow Jones)--Metals and jewelry dealers that do more than $50,000 worth of business per year would need to set up an anti-money laundering strategy, under a new proposed rule released Wednesday by the U.S. Treasury. The proposed rule covers precious metals dealers and refiners, jewelry manufacturers, loose gemstone merchants and retail stores that also act as a dealer in such items. Retail-only stores aren't covered by the rule, nor are dealers that buy or sell less than the $50,000 threshold. The proposal is part of a series of regulations connected with the Patriot Act, counterterrorism legislation passed shortly after the Sept. 11, 2001, terrorist attacks. Businesses covered in the legislation are required to develop a strategy to prevent money laundering and curtail terrorist financing. Comments are due 60 days after the rule is published in the Federal Register; Treasury said it expects the rule to be published next week. -By Rebecca Christie; Dow Jones Newswires; 202 862 9249; rebecca.christie@dowjones.com HO HO HO! get it while you can before it has to be "reported and traced...pretty soon only the "terrorists" will posess GOLD and other precious metals heh!