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Anti-Money Laundering (AML) Compliance Statement

Committed to Integrity, Transparency & Regulatory Excellence

 

At JY Case Group, Inc., we are dedicated to upholding the highest standards of ethical conduct, regulatory compliance, and financial transparency. As a precious-metals dealer, we operate under federal guidelines designed to prevent illicit financial activity, including money laundering, fraud, and terrorism financing. This AML Compliance Statement outlines our obligations, the measures we take to maintain compliance, and the responsibilities of our clients when conducting transactions with us.

1. Regulatory Framework

We comply with all applicable U.S. laws and regulations governing precious-metals dealers, including but not limited to:

  • The Bank Secrecy Act (BSA)
  • The USA PATRIOT Act
  • FinCEN requirements for dealers in precious metals, stones, and jewels (31 CFR Part 1027)
  • Applicable IRS reporting rules for cash transactions and related activities

Our AML policies are continually reviewed and updated to reflect current laws, industry standards, and regulatory expectations.

2. Customer Identification Program (CIP)

To comply with federal AML provisions, we are required to verify the identity of individuals and businesses engaging in certain types of transactions. This may include:

  • Full legal name
  • Residential or business address
  • Government-issued identification (driver’s license, passport, etc.)
  • Tax identification number
  • Verification of business ownership or authorization for corporate customers

We may request additional documentation for larger, unusual, or complex transactions.

3. Know Your Customer (KYC) Procedures

We maintain a comprehensive KYC program to better understand the nature and purpose of client relationships. This allows us to:

  • Verify customer legitimacy
  • Understand transactional patterns
  • Identify and report suspicious activity
  • Protect our clients and our business from financial misuse

KYC reviews may occur at the time of onboarding and periodically throughout the business relationship.

4. Cash Transaction Reporting & Recordkeeping

In accordance with federal law, we may be required to file specific reports, including:

  • Form 8300 for certain cash transactions over $10,000
  • Suspicious Activity Reports (SARs) when activity appears irregular, deceptive, or inconsistent with typical patterns

We must maintain records of qualifying transactions for the period required by law.

5. Suspicious Activity Monitoring

We are trained to identify signs of potential money laundering or unlawful activity, including:

  • Structuring or repeated purchases below reporting thresholds
  • Third-party payments inconsistent with customer profiles
  • Attempts to avoid or refuse required identification
  • Rapid buy/sell patterns with no economic rationale
  • Transactions inconsistent with the customer’s stated purpose

We reserve the right to refuse any transaction that raises compliance concerns.

6. Employee Training & Oversight

All employees handling transactions, customer onboarding, or compliance duties receive regular AML/KYC training, including:

  • Identifying red flags
  • Reporting procedures
  • Regulatory updates
  • Internal policy requirements

Compliance oversight is managed by our AML Compliance Officer, who ensures adherence to all policies and reporting obligations.

7. Confidentiality & Data Protection

Information collected under our AML program is used solely for compliance and regulatory purposes. We maintain strict confidentiality and protect all customer data in accordance with our Privacy Policy and applicable laws.

8. Cooperation with Law Enforcement

We fully cooperate with federal, state, and local authorities in the investigation and prosecution of financial crimes. When required by law, we may disclose customer information without prior notice to the customer.

9. Zero-Tolerance Policy

We maintain a zero-tolerance stance toward:

  • Money laundering
  • Terrorism financing
  • Fraudulent activity
  • Use of our products or services for illegal purposes

Any customer found participating in prohibited activities will have their transactions halted and may be reported to the appropriate authorities.

10. Customer Responsibilities

By conducting business with JY Case Group, customers agree to:

  • Provide accurate and truthful information
  • Comply with identity verification requirements
  • Avoid structuring or any attempt to evade reporting laws
  • Promptly provide documentation requested for compliance purposes

Failure to comply may result in delays, cancellations, or refusal of service.

11. Commitment to Ethical Business Practices

Our reputation is built on trust, transparency, and integrity. We are committed to conducting business ethically and ensuring that all transactions meet the highest standards of legal and regulatory compliance.