Precious Metals Pack

Designed for precious metal dealers preparing for Tranche 2 — transaction monitoring, threshold cash reporting, and AML program templates for 2026.

Setup time

< 15 minutes

Customer capacity

Unlimited buyers, sellers, and transactions

AUSTRAC alignment

AML/CTF Act 2006 compliant

What's included in the Precious Metals Pack

Customer Due Diligence

Customer KYC for all cash transactions above $10,000
Business customer KYB and beneficial ownership mapping
PEP screening for all customers
Source of funds documentation for large purchases
Enhanced CDD for repeat high-value customers
Walk-in customer identification workflow

Transaction Monitoring Rules

TTR threshold detection — cash transactions ≥ $10,000 AUD
Structuring detection — multiple transactions under threshold
Repeat high-value customer velocity monitoring
Bulk bullion transaction pattern detection
Third-party payment for customer transactions
Unusual product mix or weight pattern alerts

AML/CTF Program Templates

Precious Metal Dealer AML/CTF Risk Assessment (Tranche 2)
Customer Identification Procedures for sales and purchases
Cash Transaction Recording Policy
Staff Training Module
AUSTRAC Enrolment Preparation Checklist

AUSTRAC Report Templates

SMR — suspicious matter reports
TTR — threshold cash transaction reports ($10,000+ cash)

AUSTRAC Report Templates Included

SMRTTR

Precious metal dealers must lodge TTR reports within 10 business days of a cash transaction at or above $10,000 AUD. SMR reports must be lodged within 3 business days of forming a suspicion about a transaction or customer.

AML/CTF Program Components

Tranche 2 Risk Assessment

Customer Identification Procedures

Cash Transaction Recording Policy

Structuring Detection Policy

AUSTRAC Enrolment Checklist

Risk Areas This Pack Addresses

Anonymous cash purchases of high-value physical assets enabling currency to be converted without scrutiny

Bulk physical precious metal transfers used to move value across borders outside the financial system

Refinery diversion schemes where stolen or illicitly sourced precious metals enter the legitimate market

Purchases sourced from high-risk countries or suppliers connected to conflict minerals

How VeriGo Automates Your Obligations

Customer onboarding and KYC workflows calibrated for precious metal transaction thresholds

TTR report templates pre-populated from transaction records with AUSTRAC validation

Structuring detection alerts for customers making multiple transactions below TTR thresholds

PEP and sanctions screening integrated into the point-of-sale customer identification workflow

AML/CTF program template for precious metal dealers with transaction risk assessment and training log

Getting Started in 5 Steps

Select "Precious Metals Pack" on account creation

Configure TTR and structuring detection thresholds

Set up your transaction recording workflow

Train staff on AML obligations using included module

Complete AML/CTF Program and AUSTRAC enrolment

Gem

Precious Metals Pack

7-day free trial — no credit card

Start your free trial and the Precious Metals Pack is configured automatically on day one. No consultants, no setup fees, no surprises.

Start Free Trial

Want a guided walkthrough?

Book a 30-minute demo with our compliance team. We'll walk through exactly how the Precious Metals Pack works for your business and answer any AUSTRAC-specific questions.