Precious Metals
AML Compliance for Precious Metals Dealers
AML/CTF software for bullion dealers and precious metals traders facing Tranche 2 requirements.
Get your free trialWhat Tranche 2 Means for Precious Metals
From 1 July 2026, precious metals businesses providing designated services are reporting entities under the AML/CTF Act and need an AML/CTF program. Whether these obligations apply to you depends on the designated services you provide. Check with AUSTRAC or a qualified adviser. Instant Compliance provides tools to help you set one up.
Industry Challenges
- •High-value cash transactions common in precious metals trading
- •Bullion being used as a store of value for illicit funds
- •Structuring of transactions to avoid reporting thresholds
- •Anonymous purchases and sales requiring enhanced scrutiny
- •Cross-border movement of precious metals and value transfers
Your Obligations
- Customer identification for all bullion purchases and sales
- Enhanced due diligence for large or suspicious transactions
- Threshold transaction reporting for cash and high-value sales
- Ongoing transaction monitoring for unusual patterns
- Suspicious matter reporting for potential money laundering
- Record-keeping for all transactions and customer interactions
Our Solutions
- Point-of-sale workflows designed for precious metals dealers
- Automated threshold transaction detection and report preparation
- Cash transaction monitoring and pattern analysis
- Automated customer risk scoring and verification
- Inventory tracking linked to customer transactions
- Report preparation tools for precious metals dealers
Purpose-Built for Precious Metals Professionals
Tools designed for the compliance needs of your industry
Customer Verification
Identity verification and due diligence tools for your industry.
Risk Assessment
Industry-specific risk scoring and profiling based on sector-specific risk factors.
Transaction Monitoring
Monitor transactions for patterns and thresholds relevant to your business type.
Report preparation
Prepares suspicious matter and threshold transaction report content for your compliance officer to review and lodge with AUSTRAC.
Program documents
AML/CTF program templates for your industry, for you to review, tailor and adopt.
Records & audit log
Record-keeping and audit trails to help you evidence your work.
Key Steps for Precious Metals Businesses Under Tranche 2
Key steps to set up your program
Develop AML/CTF Programs
Draft AML/CTF program documents based on your business details and risk profile, for you to review and adopt.
By July 1, 2026Implement CDD Procedures
Establish customer due diligence procedures including identification and verification processes.
Before onboardingTransaction Monitoring
Set up systems to monitor transactions for suspicious activity and reporting thresholds.
Ongoing requirementStaff Training
Train all staff on AML obligations, red flags, and reporting procedures.
Regular trainingIndustry-Specific Integrations Coming Soon
We're building seamless integrations with the software platforms precious metals professionals use every day. Want to see your platform integrated first?
Request an IntegrationReady to Prepare Your Precious Metals Business?
Get started with Instant Compliance. Start your free 2-week trial today!
Start Your Free TrialImportant: Instant Compliance is software, not compliance advice.
Our tools help you prepare, record and manage an AML/CTF program. They do not provide legal or compliance advice and do not guarantee compliance with the AML/CTF Act. Your business remains responsible for meeting its own obligations and for every decision it makes using these tools. Instant Compliance is an independent software provider and is not affiliated with, endorsed by or acting on behalf of AUSTRAC or any government body. Read what we do and what stays your responsibility