To promote understanding of the regulation of the precious metals industry among producers, refiners and users of precious metals, and among regulators and governments, and to provide a forum for discussion of technical and scientific information upon which such regulation should be based.
Membership in the ERAC is open to members of the IPMI who are willing and able to contribute their time to its activities, with a limit of fifteen. Other IPMI members are welcome as observers at all meetings.
The ERAC meets periodically, as regulatory developments require. Meetings are open to all members of the IPMI to attend as observers, subject only to meeting room size and logistical limitations.
The IPMI ERAC closely follows U.S. regulatory developments, as well as international developments in the Basel Convention and its OECD counterpart. On Anti-Money Laundering, the ERAC follows US and FATF developments. There are a number of issues on which the IPMI ERAC is currently active, including:
1) Chloroplatinate sensitivity/toxicity; proposed drastic reductions in exposure limits in the EU and USA.
2) US EPA Classification of Precious Metal-bearing Materials and Intermediate Products.
3) Anti-Money Laundering Regulations issued by the U.S. Treasury for Dealers in Precious Metals.
4) Regulation of International Trade in Precious Metal Secondary Materials and Intermediate Products.
5) Environmentally Sound Management of Used Personal Computers and Electronic Scrap.
History of ERAC:
The Environmental and Regulatory Affairs Committee (ERAC) was started in 1985 by persons and companies that saw an industry need to understand and respond to governmental regulation of the refining of precious metals. The Committee undertook the ongoing study of regulatory developments, and the responsibility of advising regulators, producers, refiners and users of precious metals of how regulations and proposed regulations would impact the industry. The ERAC has been continuously active from that beginning in United States and international developments, and is an important resource.
General links of interest:
Chloroplatinate Toxicity Meget
The IPMI and the ERAC provide information in this site, and in meetings and reports, which they believe to be accurate, to the best of their abilities, but can not assure anyone that such information is accurate or includes all developments and issues. The IPMI and the ERAC assume no responsibility to their members or to anyone else with regard to any information, opinions, or positions. No contractual or fiduciary relationship is created between any persons by the creation or use of this web site.
The purpose of the Security Council is to provide to the Security Professional within the IPMI Organization the intelligence required to help protect the assets of their individual companies, providing them with a network of Professional Security people within their field. During annual meetings subjects vary from electronic hardware, transportation, insurance and fraud cases, which are discussed in detail. No minutes are taken during these sessions. To become a member you must be approved by a sub committee, which is headed up by a Chairman of the Council. It is understood and enforced that any subject discussed during these meetings will stay within the confinements of the members within the Organization.
International Alert Program:
The Security Council provides and International Alert Program to quickly alert the metals industry when a loss has occurred and to provide as much detail describing the material as possible. The alert program is administered by IPMI headquarters and reaches throughout the globe.
The IPMI also works closely with law enforcement agencies to disseminate information and provide key industry contacts. If you would like to be on the alert profiles please submit your company credentials to IPMI. The Security Council will review your application and consider your request to be added to the alert profiles.
In the precious business security is an extremely import aspect of a company's over all success. IPMI's Security Council provides a unique opportunity for security professionals affiliated with IPMI member companies to exchange real life experience, evaluate and compare emerging technologies, network with each other in a global environment and most importantly the ability to pool their many years of experience for the good of the Industry. If security is your responsibility then participation in the IPMI Security Council could be a valuable resource for your company. Contact IPMI headquarters if you are interested in becoming a member of the Security Council.