352 Interim Final Rule Issued Interim Final Rule for USA PATRIOT Act Section 352 for dealers of precious metals and stones was issued June 10. FinCEN is seeking public comment during this interim period. Compliance is expected by January 2006. Learn more: FinCEN Press Release: http://www.fincen.gov/nr060305.pdf FinCEN Frequently Asked Questions: http://www.fincen.gov/faq060305.pdf Complete 64-page FinCEN interim rule: http://www.fincen.gov/antimoneylaundering060305.pdf Precious Metal and Gem Dealers are at Risk As many are aware, U.S. intelligence officials have confirmed al Qaeda's involvement in illegal conflict diamond trade. But al Qaeda serves as only one of numerous examples of the illegal misuse of precious gems and metals. Due primarily to their high value and ease of transportability, the use of diamonds and other precious gems and metals are increasingly attractive vehicles to fund fraudulent and criminal activity, both within and outside the U.S. Businesses selling precious metals and gems are exposed to more risk than ever before - risks associated with identity theft and fraud, terrorism, and money laundering. USA PATRIOT Act and OFAC regulations are designed to reduce the incidence of the aforementioned crimes while helping to mitigate any associated risks. What is OFAC and the USA PATRIOT Act? What practical steps can be taken to comply with these and other government regulations while mitigating various forms of risk? You may find the OFAC and USA PATRIOT Act Policy and Procedure Guides helpful in answering these questions. Compliance with these regulations is often very complex and time intensive. Bridger Insight XG's advanced identity verification and watch list screening solution is designed to help you simplify the complex duty of compliance, while protecting your company's most valuable asset... your good reputation. Bridger Insight XG is ChoicePoint's premier USA PATRIOT Act and OFAC compliance solution, trusted by more clients than any comparable product.