AML Compliance Resources for Precious Metals Dealers
Guides, regulatory references, and official government resources to help you understand your Bank Secrecy Act obligations as a dealer in precious metals and stones.
Compliance Guides & Articles
Plain-language explanations of the AML requirements that apply to your business.
What Is an AML Program — and Do You Need One?
Under the Bank Secrecy Act, dealers in precious metals and stones are "covered persons" required to maintain a written Anti-Money Laundering program. This guide explains what that means, what the five required pillars are, and what happens if you don't have one.
SAR Filing Requirements for Precious Metals Dealers
Suspicious Activity Reports (SARs) should be filed when a transaction involves $5,000 or more and you know, suspect, or have reason to suspect it involves money laundering or other illicit activity. Learn what triggers a SAR, how to file, and how to document your decision.
Currency Transaction Reports (CTRs): What Dealers Need to Know
Cash transactions over $10,000 require a Currency Transaction Report filed with FinCEN within 15 days. This guide covers what counts as cash, how to aggregate transactions, and common mistakes that lead to penalties.
Customer Due Diligence for Precious Metals Dealers
Knowing your customer is a cornerstone of AML compliance. This guide covers the CDD requirements that apply to dealers — including when to collect identification, how to assess customer risk, and when enhanced due diligence is required.
Red Flags in Precious Metals Transactions
FinCEN has identified specific red flags that indicate potential money laundering in the precious metals sector — from unusual payment methods to customers who are reluctant to provide identification. Learn what to watch for and how to document your observations.
The Independent Audit Requirement: What It Means for Your Business
FinCEN requires that AML programs be independently tested on a periodic basis. This guide explains who can conduct the audit, what it should cover, and how to use audit findings to strengthen your compliance program.
Frequently Asked Questions
Common questions from precious metals dealers about their AML compliance obligations.
Official Regulatory Resources
Direct links to FinCEN guidance, regulations, and government resources relevant to precious metals dealers.
1FinCEN Regulations & Guidance
The full text of the federal regulation establishing AML program requirements for precious metals dealers.
eCFR / FinCENFinCEN's official guidance document explaining AML program requirements for covered dealers.
FinCENOfficial instructions for filing Suspicious Activity Reports through the BSA E-Filing System.
FinCENThe official portal for filing SARs, CTRs, and other Bank Secrecy Act reports with FinCEN.
FinCEN2IRS BSA Examination Resources
The IRS examination procedures used when auditing precious metals dealers for BSA compliance — useful for understanding what examiners look for.
IRSThe IRS overview of BSA requirements, including information on who is covered and what records must be maintained.
IRS3Industry & Reference
FinCEN's dedicated page for the precious metals dealer sector, including regulatory updates and filing resources.
FinCENThe official FinCEN website — the primary source for BSA regulations, guidance, and regulatory updates.
FinCENHave Questions About Your Compliance Obligations?
CCG can assess your current AML program, identify gaps, and help you build a defensible compliance posture. Schedule a free consultation today.