Cash, gold, and a 10-business-day clock.
Every cash transaction at or above $10,000 is a TTR. Every structured purchase is an SMR risk. AMLify drafts both as the receipt is written, so you keep selling and AUSTRAC keeps quiet.
The Tranche 2 reality
What Tranche 2 means for precious-metals dealers.
Bullion dealers and jewellers have been Tranche 1 reporting entities for cash transactions over $10,000 since 2007. Tranche 2 tightens the program, training, and review obligations across the industry — and AUSTRAC's risk-based supervision puts cash-heavy retailers near the top of the list.
A written program covering source-of-funds, structuring, and high-risk customer types isn't optional. AMLify produces a defensible one in under an hour.
Why AMLify for precious metals
Built for the way you actually work.
Structuring-aware monitoring
Repeat sub-threshold purchases by the same customer are surfaced automatically. Daily, weekly, and rolling-30-day windows are first-class.
Bullion + jewellery split
Investment bullion and consumer jewellery have different ML/TF risk profiles. The risk-assessment wizard handles them as separate product lines.
TTR-on-receipt
Recording a $10k+ cash sale auto-drafts the TTR with customer, item, and source-of-funds fields populated. Lodge inside 10 business days.
Online + walk-in unified
Web-store buyers, walk-in cash customers, and trade clients all live in one customer book. CDD level scales with the transaction risk.
Your compliance obligations
What Tranche 2 requires for your business type.
- Customer identification for all transactions at or above $10,000
- Threshold transaction reporting for cash transactions of $10,000+
- Ongoing customer due diligence and monitoring
- Suspicious matter reporting to AUSTRAC
- AML/CTF program covering all dealer activities
- Staff training on precious metals-specific risks
- Source of funds and source of wealth verification
How AMLify helps
Purpose-built features for your industry.
- Ami generates a compliance program specific to precious metals and stones dealing
- Automatic threshold detection for cash transactions at or above $10,000
- Customer identification workflows for walk-in and repeat buyers
- Structuring detection when customers split purchases across days or locations
- Training covering industry-specific red flags (e.g., rapid buy/sell, cash-heavy transactions)
- Record keeping meeting both AUSTRAC and industry body requirements
Ask Ami
Examples of compliance questions you can ask your AI assistant.
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