AML/CTF Compliance for Precious Metals & Stones Dealers
Dealers in precious metals and stones face specific AML/CTF risks. AMLify provides purpose-built compliance tools for the bullion and jewellery industry.
Start free trialYour 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.
"Ami, a customer wants to buy $25,000 in gold bars with cash. Walk me through the process."
"The same customer has made three $9,000 purchases this week. Is this structuring?"
"Help me set up monitoring rules for my online bullion store."