The diamond, gemstone and precious metal industry has attracted attention from a variety of government regulators. The international nature of this luxury trade, with high value goods, presents interesting risk challenges on many levels. This presentation will cover anti-money laundering requirements for dealers in precious metals, stones and jewels, regulations pertaining to trade practices in the US jewelry industry (now under review by the Federal Trade Commission), U.S. and international regulations pertaining to conflict or “blood” diamonds, new “conflict minerals” provisions and more. The risks that apply to this trade are varied and the ways to address those risks can be complex. Challenges and solutions for attorneys who may advise bankers, dealers or other small businesses will be discussed.
I. Learn the anti-money laundering requirements for gemstone dealers
II. Understand domestic and international regulations for conflict gemstones
III. Recognize challenges in advising banks, dealers, and other small businesses
Cecilia L. Gardner is currently the President, CEO and General Counsel of the Jewelers Vigilance Committee (JVC), a not-for-profit trade association dedicated to compliance with laws pertaining to the jewelry industry. She serves on the Board of Directors of CIBJO, and is Chair of its Ethics Commission. She also serves as General Counsel and Director of the United States Kimberley Process Authority Institute. She was the former General Counsel to the World Diamond Council, an international association whose purpose is to end the trade in conflict diamonds. She served as a member of the Board of Directors of the Manufacturing Jewelers and Suppliers of America, the American Gem Trade Association, the Women’s Jewelry Association and Jewelers for Veterans.
A graduate of Smith College and Hofstra University School of Law, Ms. Gardner’s professional career included positions as an Examining Attorney with the Department of Investigation of the City of New York, and as a federal prosecutor at the Office of the United States Attorney for the Eastern District of New York. As an Assistant United States Attorney, she specialized in narcotics, money laundering, organized crime and white-collar cases. Her positions included appointments as the Deputy Chief of the Narcotics Unit and as Attorney-in-Charge in the Long Island Office. Her work included numerous international investigations and prosecutions, and she was awarded the Department of Justice Director’s Award for Superior Performance. Ms. Gardner was an Adjunct Professor at Hofstra University School of Law, where she taught International Criminal Law.
Very informative. Thank you.
Informative and very intetesting
Very finely done!
I appreciate that you are bringing regulatory and compliance CLE to lawline and I would like to see more of it!
Well-presented and fascinating topic.
ties in with my field of interest
Very good presenter; very thorough materials - more so than usual. Complicated field.
Ms. Gardner was right. This subject matter is very interesting.
Very interesting topic
As an attorney and the jeweler I never expected to be able to take the class like this. I am really enjoying the diversity of your course offerings.
I really enjoyed the topic and the speaker; not an area of law I knew anything about.