AML/CTF Training for Bullion Dealers

Bullion dealing has been a regulated activity in Australia for years, and the expectations have not stood still. This training keeps your team current on what they must do, why it matters and what regulators now expect to see, written by AML/CTF practitioners who work with reporting entities every day.

What the obligations mean for your business

Bullion dealers are reporting entities, and have been for some time. Your business needs a risk assessment, an AML/CTF program setting out your AML/CTF policies, your staff need training on how to identify and report certain activity, and your records need to stand up when someone asks for them.

What changes over time is what "good" looks like. Training that was adequate five years ago may not reflect what is expected of you now, and a program nobody has been trained on is a program in name only.

What your team needs to know

  • Identifying and verifying customers, including companies and trusts, and knowing when standard checks are not enough.
  • Cash: the reporting thresholds, and what structuring looks like when someone is trying to stay under them.
  • The warning signs in bullion: purchases split across visits, delivery or storage directed to a third party, a customer indifferent to price, unclear source of funds.
  • Understanding when and how to report, and the rules on not telling the customer.
  • What to record for each transaction, and why those records matter when your program is reviewed.

What’s in the training

Bullion - Core AML/CTF Modules

3 MODULES
$75
per learner, per year plus GST
  • Bullion - Module 1 - General Awareness Training - Bullion Dealers
  • Bullion - Module 2 - Key AML/CTF Obligations for Bullion Dealers
  • Bullion - Module 3 - Recognising and Responding to Suspicious Activity

Bullion - Core + Governance AML/CTF Modules

4 MODULES
$99
per learner, per year plus GST
  • Bullion - Module 1 - General Awareness Training - Bullion Dealers
  • Bullion - Module 2 - Key AML/CTF Obligations for Bullion Dealers
  • Bullion - Module 3 - Recognising and Responding to Suspicious Activity
  • Bullion - Module 4 - AML/CTF Obligations for Key Governance Roles

Records you can produce

Every completion produces a record showing what was covered, what was asked and how each person answered, the evidence that your staff were trained, and on what.

How it works

Choose the number of training packs you need, including any governance packs for your AML/CTF Compliance Officers, AML ‘Senior Managers’ and members of your Governing Body. Assign them to your team and see at a glance who has completed their training and who still needs to finish, with reminders to keep everyone on track. Each completion generates a detailed record of the content covered, the questions asked and each person’s answers, ready to provide if your AML/CTF program is reviewed.

See training for bullion dealers →