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JVC Teams Up with Jewelers Mutual Group

Jewelers Mutual Group will host the fully online program featuring content curated by JVC.




(PRESS RELEASE) The Jewelers Vigilance Committee (JVC) has teamed up with The Jewelers Mutual Group to offer JewelPAC, a program that keeps jewelers compliant with Anti-Money Laundering (AML) laws under the USA PATRIOT Act. The Jewelers Mutual Group will host the fully online program featuring content curated by JVC.

“It’s something almost all jewelry businesses need to have, Not only are there federal regulations around creating and maintaining a program, many banks and credit facilities will require proof of a program,” says Tina Olm, Jewelers Mutual director of enterprise business development.

Jewelers who buy and sell $50,000 or more per year in precious metals, precious stones, or jewelry for which 50% of the value is derived from precious stones or precious metals must create and implement a comprehensive program that includes: appointing a compliance officer, conducting a risk assessment, writing a program and policy document, training employee and periodically testing the program to ensure it is working as designed.

The JewelPAC Program features training modules that automatically create the customized documents required and updates program materials each year, keeping documents current and automating some of the review process. This reduces the amount of time that jewelers need to spend creating and editing a compliant AML program and provides peace of mind that a program was made correctly and is up-to-date.

“We’re seeing federal regulators put an increased level of scrutiny on AML programs, with a focus on where the jewelry supply chain is most vulnerable. Jewelers could try to create their own program, but it would take significantly longer than using the JewelPAC program and may not meet federal requirements. More importantly, the JewelPAC program has been tested and provides a proven solution to jewelers, representing the pinnacle of business ethics and something we’re proud to be a part of,”  says Tiffany Stevens, JVC president, CEO and general counsel.

While many laws have not changed, the ways businesses interact and transact with customers in the digital age has. This shift in how the jewelry industry conducts business makes implementing an approved AML program more important than ever.


JewelPAC makes it easy and combines JVC’s expertise on legal issues impacting the jewelry industry with Jewelers Mutual’s trusted guidance. To learn more about the JewelPAC program and to purchase it, click here.


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Wilkerson Testimonials

A Liquidation Sale during a Pandemic? Wilkerson Showed Them the Way

For 25 years, Stafford Jewelers of Cincinnati, Ohio, was THE place to go for special gifts, engagement diamonds, high-end Swiss watch brands — in other words, the crème de la crème of fine jewelry. But this summer, the Stafford family was ready to retire. So, they chose Wilkerson to help them close up shop. “One of the biggest concerns was having the sale in the middle of COVID,” says Director of Stores Michelle Randle. Wilkerson gave the Stafford team plenty of ideas as well as safety guidelines, which they closely followed. “All of the employees felt safe, the customers coming in the door felt safe and we did a lot of business,” says Randle. How much business? “The inventory flew,” she says. Translation: They sold millions and millions of dollars-worth of merchandise. Randle calls it, “an incredible experience.” Would she recommend Wilkerson to other retailers who are thinking of thinning their inventories or retiring? “Everyone got more than what they expected out of the sale. You have to hire Wilkerson. They’re amazing.”

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