In compliance with the requirements of the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), Five Star Precious Metals has assessed the extent to which our operations could be compromised by individuals involved in money laundering, terrorism, or related illegal activities. Based on our findings, we have developed this AML Program to guide our staff in the performance on their duties.
Polices, Producers and Internal Controls All Customers must provide a photo ID issued by a governmental agency and complete the customer identification form, before being assigned a permanent customer identification number which will be used for conducting all business with the company. The customer information form shall be recorded and filed in a confidential database. Whenever cash totaling more the $10,000.00 is received by the company in one transaction or in two or more related transactions, FinCEN form 8300 must be completed and signed.