AML/CFT SECTOR-SPECIFIC COMPLIANCE
Precious Metals & Stones Dealers
https://player.vimeo.com/video/1153690733?h=1aed675725
Cash in. Value out. No questions asked.
Precious metals and stones have been used to store and move value for millennia. Gold doesn't ask where the money came from. Diamonds don't file reports. That anonymity makes your industry a natural target for money launderers looking to place cash into the legitimate economy.
From July 2026, dealers in precious metals and stones become reporting entities under AUSTRAC. Transactions at or above $10,000 trigger threshold reporting requirements. Suspicious transactions at any value require attention.
This training prepares your business for counter-based compliance. You'll understand why cash-intensive dealing attracts criminal interest, how to identify structuring attempts, and when you must report—whether or not the customer wants you to.
Equip your team to recognise money laundering risks at the point of sale—particularly cash placement, structuring, and rapid buy-sell cycles—and meet AUSTRAC threshold and suspicious matter reporting requirements.
Build practical counter-level skills for identifying suspicious customers, managing threshold transactions, and maintaining the transaction records AUSTRAC requires.
Approximately 35 minutes of online training across three modules. Complete at your own pace. Certificate issued on completion. Access to compliance toolkit included.
A team that understands the $10,000 threshold, can identify structuring attempts, and knows exactly when and how to report—protecting your business from regulatory action.
When someone pays $9,500 in cash, leaves, and returns an hour later to spend another $9,500—that's not coincidence. That's structuring.
Our Approach
Understanding the Framework
The precious metals and stones sector operates differently from other Tranche 2 industries—cash transactions are normal, and the $10,000 threshold creates specific reporting triggers. This module covers your obligations and why your industry is targeted.
- Why precious metals attract money laundering activity
- The $10,000 threshold: TTR requirements explained
- Your obligations as a reporting entity
- Penalties for non-compliance and failure to report
Know Your Customer
Unlike ongoing client relationships, your transactions are often one-off. This module covers when identification is required, what documents to accept, and how to verify identity efficiently at the point of sale.
- When customer identification is required
- Acceptable identification documents
- Verifying identity at the counter
- Record keeping for threshold transactions
Red Flags & Reporting
Cash placement often happens at the counter. This module teaches you to recognise structuring attempts, suspicious purchase patterns, and customer behaviour that should trigger concern—plus your obligations to report.
- Structuring red flags: multiple transactions below threshold
- Purchase red flags: bulk buying, immediate resale, price insensitivity
- Customer behaviour: nervousness, urgency, vague explanations
- Threshold transaction reports vs suspicious matter reports
AML/CTF Compliance for Precious Metals Dealers
48.88
3316673
price_1SnJyf1wHE4n7au36hQDAERG
https://hook.eu1.make.com/idintefnlxz3x7y2vqhgbpv52jyftw4o
License valid for 12 months from date of purchase. Training is your evidence of due diligence.
Meet your new 2026 obligations in 30 minutes.
austrac compliance for aml/cft tranche 2 professionals
Protect your license.
Cover your business.
