Tranche 2 · Precious metals & stones
AML compliance for dealers in precious metals, stones and products
Dealers buying or selling precious metals, stones or products (or combinations) at or above the cash/virtual asset threshold are reporting entities. Cash-intensive and high-value transactions require robust CDD and record-keeping without slowing legitimate trade.
1 · Am I captured?
Am I captured?
Trigger is the service, not the job title.
Not sure? Read the Am I in scope? guide →Captured if you:
- [Captured services needed — the designated services that capture a dealer, one per line]
[Qualifier needed — what is not captured for precious metals and stones dealers, on its own line]
2 · What you have to do
Your obligations
[Section intro needed — one line on what a reporting entity must have in place]
AUSTRAC enrolment
[Copy needed — what AUSTRAC enrolment requires of a dealer, 1–2 sentences]
Risk assessment
[Copy needed — what risk assessment requires of a dealer, 1–2 sentences]
AML/CTF program
[Copy needed — what an AML/CTF program requires of a dealer, 1–2 sentences]
Customer due diligence
[Copy needed — what customer due diligence requires of a dealer, 1–2 sentences]
Reporting
[Copy needed — what reporting requires of a dealer, 1–2 sentences]
Record-keeping
[Copy needed — what record-keeping requires of a dealer, 1–2 sentences]
3 · How Trancher helps
How Trancher helps
[How Trancher helps precious metals and stones dealers — copy needed]
Risk assessment and AUSTRAC-aligned program builder
Client verification (KYC/KYB) with PEPs, sanctions and adverse media screening
Ongoing monitoring and risk scoring
Reporting support (SMRs)
Staff training modules
Audit-ready records and dashboard
Two clear paths
Path 1
Self-serve
You use the platform day-to-day with clear workflows and built-in guidance.
Path 2
Guided by in-house specialists
Our financial compliance specialists walk with you through enrolment, risk assessment, program design, training and first files. Once running smoothly, we hand the controls to you.
Either way, you stay in control. Most firms are fully operational within weeks.
Speed to operational
How long does it take?
Most firms move from start to operational compliance within weeks.
Days 1–7
Enrolment and risk assessment underway
Days 8–21
Workflows live and team trained
Thereafter
Fully operational and audit-ready
Resources
Guides and articles for precious metals and stones dealers
FAQ
Questions from precious metals and stones dealers
Am I captured?
[Answer needed — am I captured, for precious metals and stones dealers]
What are the deadlines?
[Answer needed — Tranche 2 commencement and enrolment timing]
What goes in the program?
[Answer needed — program content for a dealer]
What does CDD look like in practice?
[Answer needed — CDD in practice for precious metals and stones dealers]
How is KYC/KYB charged?
Every verification check triggers one transaction. If you are identifying individuals within an entity (for example directors, beneficial owners or authorised persons), each individual check is a separate transaction and is charged accordingly.
Ready to simplify compliance?
Book a short overview or speak with our in-house specialists about the right path for your firm.