Australian Bullion Company (NSW) Pty Ltd (ABC Bullion) is Australia’s leading independent bullion dealer.
As a Reporting Entity engaging in a designated service under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML Act), we are required to maintain a comprehensive AML program to ensure the mitigation and reporting of all money-laundering and terrorism-financing activities.
Accordingly, ABC Bullion has implemented a comprehensive customer due diligence program to identify, verify and monitor all of our clients in accordance with the AML Act.
The governmental body charged with regulating and ensuring compliance with the AML Act is the Australian Transaction Reports and Analysis Centre (AUSTRAC).
AUSTRAC is a member of the international Financial Action Task Force (FATF) initiative, which is the foremost inter-governmental body developing and promoting policies to combat money laundering and terrorist financing.
Will I need to send identification to ABC Bullion?
ABC Bullion partners with leading third party verification providers, typically allowing instant verification of client identity. In certain circumstances, additional information like a drivers license may be required. ABC Bullion will notify you if this is the case, as part of the account activation process.
What are the ID verification requirements?
Verification requirements depend on the type of account you are opening. For example, if you opening an account in the name of a self managed superfund, company or trust, we will need personal identification, as well as information regarding the trustees or shareholders of the company/trust, so that we can confirm beneficial ownership.
How do I send the ID forms to ABC Bullion?
Please email all correspondence to firstname.lastname@example.org.
A colour scan or digital photograph of your verified forms is preferable. Fax copies cannot be accepted. If you do not have a scanner or digital camera, please send photocopies of the originals by mail.
Where can I find more information?
You can find out more by visiting the AUSTRAC website, contacting AUSTRAC on 1300 021 037 or email@example.com.