AML screening for dealers in precious metals and stones.
Bullion and jewellery, checked and recorded. Bullion, jewellery and precious stones dealers who accept cash payments of €10,000 or more fall under the high-value dealer regime and must register with HMRC. Gold in particular is a recognised channel for moving value.
Supervisor
HMRC, under the high-value dealer regime.
Who you’ll screen
- Customers buying or selling with cash at or above the threshold
- Trade customers and suppliers, where your risk assessment calls for it
- Companies, and the people behind them
The risks
What supervisors look for in your sector.
Gold as currency
Bullion holds value and moves easily. It’s a known route for sanctions evasion.
Sellers as well as buyers
People selling gold for cash need checking too.
Supply chains
Some sources of precious metals and stones carry country risk of their own.
How FirmScreen fits
The screening part of your procedures, done and recorded.
Screening against the UK, UN, OFAC and EU sanctions lists, PEP data and HMRC’s deliberate tax defaulters, in one search. Everything FirmScreen does
- 01One search covers every sanctions list and the PEP data.
- 02Country risk from the FATF lists counts in each customer’s rating.
- 03Every client re-screened daily by default, so a designation after onboarding opens a case the next morning.
- 04A fingerprinted evidence pack per client, ready for an inspection visit or file review.
The high-value dealer regime turns on cash payments of €10,000 or more. If you never accept or make such payments, you may not be in scope, though sanctions law applies to every business regardless.
Yes. Any person or company can be screened and monitored.