StackGo for Precious Metals & Stones
Customer checks at the transaction threshold.
What Precious Metals & Stones must do, and where
Dealers in precious metals and stones who trade above the reporting threshold provide a designated service and are reporting entities under AUSTRAC. You must enrol, run customer due diligence on the parties to a transaction, keep records for seven years, and report suspicious matters.
Read the full Tranche 2 requirementsWhich checks apply to Precious Metals & Stones
- Intake
Collect ID and the transaction details at the counter whenever a sale reaches the reporting threshold, straight into your record. No paper forms.
- Verify
Verify the customer's identity on the spot, and confirm the entity and its owners for business buyers.
- Screen
Screen the customer against PEP, sanctions and adverse-media lists before you complete a high-value sale.
- Assess
Produce a defensible risk rating for the transaction and record the decision, ready if AUSTRAC asks.
- Monitor
Flag repeat and linked transactions and re-check regular trade customers over time.
Built for the way Precious Metals & Stones work
StackGo runs at the point of sale. A threshold transaction triggers the check, the customer verifies in a couple of minutes, and the record is kept without slowing the sale.
Firms like yours already run StackGo
Ready to make onboarding minutes, not hours?
Start free and run your first check today, or book a demo and we will walk you through it.