Enrol with AUSTRAC
Register your business and meet enrolment requirements.
Precious Metals
Pep And Sanctions Screening Bullion
PEP and sanctions screening bullion - Learn about AUSTRAC requirements and AML/CTF obligations for dealers in precious metals and bullion.
AUSTRAC Requirements
According to AUSTRAC guidance, pep and sanctions screening bullion is an important requirement for dealers in precious metals and bullion. Dealers in precious metals are among the most at risk of money laundering according to AUSTRAC.
From 1 July 2026, AML/CTF obligations apply to Tranche 2 entities including dealers in precious metals and bullion.
Key Requirements
AML/CTF Program
Develop and maintain a tailored compliance program.
Customer Due Diligence
Identify and verify your customers before providing services.
Reporting Obligations
Submit required reports including SMRs and TTRs.
Frequently asked questions
What are the key obligations?
Key obligations include enrolling with AUSTRAC, developing an AML/CTF program, conducting customer due diligence, and meeting reporting requirements.
When do obligations start?
For Tranche 2 entities (including dealers in precious metals and bullion), obligations commence 1 July 2026. Enrolment opens 31 March 2026.
What records must I keep?
You must maintain accurate records of your AML/CTF program and compliance activities. Most records must be retained for 7 years.
Related resources
Simplify Your Compliance
ARCaml helps dealers in precious metals and bullion meet AUSTRAC requirements efficiently.