All Australian Registered bullion dealers have certain responsibilities under Australia’s Anti-Terrorism and Money Laundering legislation – just like banks and other financial institutions.
AUSTRAC, the federal government agency responsible for the ATML legislation requires us to “know our customer” through third party verification of a licence or passport.
What are the purchase limitation?
Any purchase over $5,000 by law requires bullion details to verify the client identity.
Will my ID be sent to AUSTRAC?
Where can I find more information?