Anti-Money Laundering Compliance

The Financial Crimes Enforcement Network (FinCEN) supports law enforcement investigative efforts and fosters interagency and global cooperation against domestic and international financial crimes. It also provides U.S. policy makers with strategic analyses of domestic and worldwide trends and patterns.

A network administered by the United States Department of the Treasury whose goal it is to prevent and punish criminals and criminal networks that participate in money laundering. FinCEN operates domestically and internationally, and it consists of three major players: law-enforcement agencies, the regulatory community and the financial-services community.

By researching mandatory disclosures imposed on financial institutions, FinCEN tracks suspicious persons, their assets and their activities to make sure that money laundering is not occurring. FinCEN tracks everything from very complicated electronically based transactions to simple smuggling operations that involve cash. As money laundering is such a complicated crime, FinCEN seeks to fight it by bringing different parties together.


Hannoush Jewelers fully supports FinCEN in its aim of preventing money laundering and the financing of terrorist activities.

Anti-Money Laundering Compliance Statement

On June 3, 2005, the Financial Crimes Enforcement Network (FinCEN), US Department of the Treasury, issued the Interim Final Rule implementing section 352 of the USA PATRIOT ACT and requiring dealers in precious metals, stones or jewels to establish anti-money laundering programs.

Hannoush Jewelers, Inc. complies with the applicable anti-money laundering and anti-terrorism financing laws and regulations pursuant to the laws of the United States as required for persons covered by the Interim Final Rule to:

1. Performance of a risk assessment to evaluate any risks of being exploited
    for money laundering purposes;

2. Appointment of a Compliance Officer responsible for the implementation
    and administration of the anti-money laundering program;

3. Design and implementation of a written anti-money laundering program,
    (based on prior performed risk assessment); and

4. Periodical Training of Employees

It is the objective of Hannoush Jewelers to prevent criminals from using the corporation’s facilities, systems and services to conceal illegal activity.