How Organised Criminals Exploit Dealers in Precious Metals and Stones to Launder Money—And How You Can Prevent It
Is Your Business at Risk of Being Exploited for Money Laundering?
Dealers in precious metals and stones (DPMS) operate in a high-risk sector for financial crime, as criminals seek to exploit cash transactions, trade-based money laundering, and anonymous ownership structures to move illicit funds undetected.
This white paper examines how criminals use the DPMS sector to launder money and outlines best practices to strengthen compliance and protect your business.
What’s Inside?
Common money laundering methods – Cash-based purchases, trade misinvoicing, smuggling, and front companies.
Key financial crime case studies – How criminals exploit gold dealers, jewelers, and refineries to move illicit funds.
Red flags to watch for – Identifying high-risk transactions, suspicious customer behaviour, and weak AML controls.
How to implement AML compliance – Customer due diligence (CDD), suspicious activity reporting, and transaction monitoring.
Steps to safeguard your business – Strengthening internal controls, staff training, and regulatory engagement.
Why This Matters
Without robust AML measures, DPMS businesses risk regulatory penalties, reputational damage, and exposure to criminal activity. This white paper provides critical guidance to help businesses detect financial crime risks and ensure compliance.
