GOVERNMENT RELATIONS
The CJA is recognized as the voice of our industry by all levels of government. Our voice is unbiased and impartial.
The CJA’s voice with government focuses on the following:
Current Government Consultations
Precious Metals Marking Regulations
Updated April 2020
In September 2019, the CJA submitted a response to the Treasury Board Secretariat’s (TBS) consultation on modernizing regulations. The Precious Metals Marking Regulations (PMMR) was the topic of the response. The PMMR has not been reviewed by Government in over 50 years.
Beneficial Ownership Registry
Updated April 2020
The Canadian government launched a consultation for a public Beneficial Ownership Registry to increase the transparency of businesses especially in the anti-money laundering context. Such a registry would aid Reporting Entities, which includes jewellers known as Dealers in Precious Metals and Stones (DPMS), to access due diligence when having to identify business owners in a reportable transaction.
The CJA made a submission to government with the following concerns:
· Jewellers are vulnerable to certain kinds of crimes (i.e. home invasions, hostage situations) so having home addresses available publicly is a risk.
· Liability of the integrity, verification and validation of the information on the registry be held by the Canadian Government.
· Need for a harmonized approach across all provinces and the Federal Government.
In the submission the CJA requested:
· An exemption by the registrar for at risk businesses, like jewellers
· A tiered access with very limited public access