Dealers in Precious Metals, Stones, or Jewels—Financial Institutions Under Bank Secrecy Act—Must Have Anti-Money Laundering Programs | Also, Bank of International Settlements Sees Continuing Growth in World Economy and Financial Services Industry
Author: Staff Editors.
Source: Volume 19, Number 02, November/December 2005 , pp.43-48(6)

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Abstract:
On June 3, 2005, the Financial Crimes Enforcement Network posted interim final rules describing the anti-money laundering programs that must be established by dealers in jewels, precious metals, or precious stones. This update also reviews The Bank of International Settlements’ 75th Annual Report, focusing on two policy issues: 1) What policies might best help preserve the many satisfactory features of today’s economic and financial world? 2) In the longer term, is there a need for a new macrofinancial stabilization framework to prevent future build-ups of both domestic and international imbalances?Keywords:
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