A dealer in precious metals and precious stones means an individual or entity that buys or sells precious metals, precious stones or jewellery, in the course of its business activities.

The Role of the Dealer in Precious Metals and Stones

Dealers are obligated to ensure that their businesses have the capacity to follow the legal requirements as set out in the MLFTA and the Guideline. The consequences of participation in money laundering activity, or failing to prevent one’s business from being used in furtherance of this activity, are severe.

• AML/CFT/PFT Guideline for Dealers in Precious Metals and Stones
• Dealers in Precious Metals and Stones Questionnaire
• Submit a Suspicious Transaction Report