Security and Anti-Money Laundering Committee | International Precious Metals Institute

About the Security & Anti-Money
Laundering Committee

About Us

Holds meetings typically twice per year with an annual seminar as part of the IPMI Winter Meetings. SECAM also holds technical sessions at the Annual Conference. SECAM provides a forum for precious metals industry Security and Anti-Money Laundering professionals to exchange effective practices to mitigate systemic vulnerabilities regarding personnel, precious metals inventories and money laundering. SECAM provides Alert Bulletins depicting Security and AML threats, possible mitigation steps and points of contact to seek guidance on evolving Security and AML Issues.

SECAM Overview

Membership

Open to all IPMI members.Membership in the SECAM is highly recommended for Security, AML Compliance and Human Resource professionals responsible for Security and AML Compliance policies and procedures. The SECAM encourages the participation of Senior Management and Executive personnel with over-arching responsibility for these disciplines in their respective organizations

Co-Chairs

Monica Mellas, Materion
Randy Weinerman, Mitsubishi

Activities, Duties, and Responsibilities

Organize an Annual Meeting which address a wide range of Security and AML topics from inventory control, new surveillance technologies, investigative strategies, best/worst practices and valuable after-action discussion when countermeasures fail.
Co - Chairs are responsible for organizing the speakers and agenda for each meeting.
Additional meetings may be held if on a specific issue basis when unusual threats are posed to the precious metals industry requiring SECAM input.
IPMI Executive Director organizes location and logistics of meeting.

Objectives

Provide a yearly forum for members and presenters to discuss contemporary Security & AML issues and events impacting our industry;
Provide members with SECAM Alert Bulletins depicting Security and AML threats, possible mitigation steps and points of contact to seek guidance on evolving Security and AML Issues;
Act as a liaison and provide a forum for exchange of information and emerging threats with our IPMI Europe and precious metals industry counterparts;
Work with the Executive Director to improve informational exchanges and synergies on Security and AML strategies with our IPMI European Chapter colleagues.
Provide investigative, audit and technical support to the Executive Committee, Board of Directors and other IPMI Committees when requested;
Act as the IPMI’s point of contact and liaison with law enforcement, industry regulators and U.S. legislators focusing on compliance practices in the precious metals industry;
Act as the IPMI’s point of contact with the U.S. Treasury Department’s FinCEN and the Bank Secrecy Act Advisory Group (BSAAG) as they monitor levels of Bank Secrecy Act (BSA) compliance in the precious metals industry.
Work collaboratively with ERAC and Legislative Affairs to educate and influence Government Regulators for the PM industry

SEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies

FOR IMMEDIATE RELEASE
2023-139

Washington D.C., July 26, 2023 —

The Securities and Exchange Commission today adopted rules requiring registrants to disclose material cybersecurity incidents they

Read more about SEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies

Overview on EU Cyber Security Regulations

Key legislation on critical and digital infrastructure have been introduced to strengthen the EU’s resilience against online and offline threats, from cyberattacks to crime, risks to public health or natural

Read more about Overview on EU Cyber Security Regulations

In China, the revised anti-espionage law will take effect from 1 July 2023, increasing security and legal risks for foreign individuals and foreign firms operating in China, say experts

The new law is banning the transfer of any information related to national security and broadening the definition of spying. It, however, does not define what falls under China’s national security or interests

Read more about In China, the revised anti-espionage law will take effect from 1 July 2023, increasing security and legal risks for foreign individuals and foreign firms operating in China, say experts

Security & Anti-Money
Laundering Committee

About the Security & Anti-Money
Laundering Committee

SECAM Overview

SEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies

Overview on EU Cyber Security Regulations

In China, the revised anti-espionage law will take effect from 1 July 2023, increasing security and legal risks for foreign individuals and foreign firms operating in China, say experts

A precious metals scam ripped off silver buyers to the tune of $113 million

How Tulsa cops took down a $545 million catalytic converter crime ring

U.S. Government Issues Africa Gold Advisory

Upcoming Events

Security & Anti-MoneyLaundering Committee

About the Security & Anti-MoneyLaundering Committee

SECAM Overview

SEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies

Overview on EU Cyber Security Regulations

In China, the revised anti-espionage law will take effect from 1 July 2023, increasing security and legal risks for foreign individuals and foreign firms operating in China, say experts

A precious metals scam ripped off silver buyers to the tune of $113 million

How Tulsa cops took down a $545 million catalytic converter crime ring

U.S. Government Issues Africa Gold Advisory

Upcoming Events

Security & Anti-Money
Laundering Committee

About the Security & Anti-Money
Laundering Committee