Built for Australian bullion, jewellery, precious-metal and gemstone dealers

AML/CTF software for precious metals and stones dealers

AML/CTF workflows for Australian bullion, jewellery, precious-metals and stones dealers, with separate bullion and A$10,000 physical-currency or virtual-asset transaction rules.

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Browse the complete AML/CTF library for Precious metals and stones dealers

Five situations, in plain words

These are examples of the questions precious metals and stones dealers meet. They are not quotes from customers, and they are not a decision for your file.

  1. Selling bullion in a bullion business is covered, even for a small amount.
  2. A jewellery sale under the threshold, paid normally, may not be the bullion rule.
  3. A precious-item sale of A$10,000 or more in cash or virtual assets is covered.
  4. Two linked payments that add up to A$10,000 count together. Do not split them to avoid the check.
  5. A bullion sale under A$5,000 can still be covered. The identity exemption is a separate test.

Work that can be covered

The rule looks at the job, not the job title. Record a decision for each job.

  • Buying or selling bullion in a bullion-dealing business
  • Buying or selling regulated precious items for A$10,000 or more in physical currency, virtual assets or both
  • Single or linked regulated payments that aggregate to the threshold

See a customer transaction move through the workspace

This representative, fictional record uses the same terminology and sequence shown to precious metals and stones dealers in Cassandra AML. No personal information is shown.

Dealer transaction example

Gold bullion purchase

CDD review

Customer transaction work

  1. Enrol with AUSTRACComplete

    Record your AUSTRAC enrolment number and confirmed status so the business's transition timing is documented beside the workbench.

  2. Complete the risk assessmentComplete

    Document the dealer's designated services, customer types, delivery channels and AUSTRAC risk factors, including the A$10,000 payment threshold.

  3. Create policies and processesCurrent

    Build or upload the AML/CTF policy and process that governs escalation triggers, internal controls and risk-based customer handling.

  4. Onboard your staffNext

    Nominate the governing body, compliance officer, senior manager and client-facing staff, then assign each person's access and roles.

  5. Complete staff trainingNext

    Deliver AUSTRAC risk-based AML/CTF awareness training to every staff member and keep completion evidence current.

  6. Onboard and monitor customersNext

    Verify and screen customers, apply the under-A$5,000 bullion initial-CDD exemption only when appropriate, and keep linked-payment monitoring, TTR preparation and escalation current.

What to keep on the file

  • Customer identity, exemption and enhanced-review records
  • Transaction and regulated-item descriptions
  • Physical-currency and virtual-asset linked-payment aggregation
  • Risk, screening and escalation decisions
  • Applicable TTR export, lodgement and receipt records

Cassandra AML assists your compliance work; it does not provide legal advice, guarantee compliance or imply AUSTRAC endorsement.

Practical AML/CTF guidance for Precious metals and stones dealers

Start with the profession pillar, then use the focused guides for the exact service, customer or control you are handling. Each article links to primary AUSTRAC or legislative material.

6 min guide

For precious metals dealers

Australian AML/CTF obligations for jewellers, precious-metals, stones and products dealers and bullion dealers: regulated items, payment thresholds, linked transactions, CDD and reporting.

Read the guide 6 min guide

Jeweller AML/CTF obligations

A practical guide to when Australian jewellers are regulated, what their AML/CTF program must cover and how CDD, linked payments and reporting work at the counter.

Read the guide 6 min guide

Linked precious-item transactions

How jewellers and precious-items dealers identify linked cash and virtual-asset payments, recognise the A$10,000 service threshold and keep TTR analysis separate.

Read the guide 6 min guide

Bullion dealer operations

A day-to-day Australian bullion compliance guide covering designated services, the sub-A$5,000 initial-CDD exemption, monitoring, TTRs, SMRs and evidence.

Read the guide 6 min guide

Cash and virtual-asset red flags

A frontline Australian guide to suspicious customer, payment, product, delivery and jurisdiction indicators for jewellers and precious-items dealers.

Read the guide 3 min guide

Dealer checklist

A transaction-level AML/CTF checklist for Australian precious-metals, stones and products dealers: thresholds, CDD, linked transactions and reporting.

Read the guide 3 min guide

Jeweller risk assessment

How jewellers and store-based dealers build a proportionate AML/CTF risk assessment across products, customers, cash, repairs and consignment.

Read the guide 3 min guide

Coins and legal tender

How Australian dealers should classify gold and silver coins, legal-tender questions, bullion versus precious-items thresholds and the records to keep.

Read the guide 3 min guide

Dealer refunds and third-party payments

Connect purchases, returns, requested refunds and third-party involvement to a factual review without assuming every unusual retail transaction is criminal.

Read the guide

Questions precious metals and stones dealers ask

Are all precious metals and stones dealers automatically regulated by AUSTRAC?

No. AML/CTF status depends on whether the business provides a designated service with the required Australian geographical link, not the professional title alone. Assess each service and obtain advice where the boundary is uncertain.

What should precious metals and stones dealers record for an AML/CTF review?

Keep the service-scope decision, customer and beneficial-owner evidence, risk assessment, screening and escalation decisions, approvals, reporting records, training and current program governance evidence.

Does Cassandra AML replace legal or regulatory advice?

No. Cassandra AML organises compliance work and evidence. It does not give legal advice, guarantee compliance or imply AUSTRAC endorsement.

Assess the items, value and payments before completing the sale.

Open a dealer workspace with bullion, precious-item, linked-payment, customer-check and reporting terminology ready from day one.

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