Compliance
ABC 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.
ABC regularly monitors changes in regulation and policy impacting our obligations as they pertain to AML and CTF, ensuring that our customers are protected, and their details kept fully secure, as per our privacy policy.
Additional Questions
Will I need to send identification to ABC?
ABC partners with leading third party verification providers, typically allowing instant verification of client identity. In certain circumstances, additional information may be required. ABC 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 open an account in the name of a self-managed superfund, company or trust, ABC requires 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 [email protected].
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 protected].
What are the requirements with regard to trust deeds?
ABC Bullion require certified copies of all executed trusts deeds and trust deed amendments. People eligible to certify documents.
Disclaimer
Neither ABC nor its directors. shareholders or its employees is a registered investment advisor and they do not give investment advice. Comments made on this website are an expression of opinion only. While we try to explain the possible benefits of investing in Precious Metals, you should not construe comments, links or advertisements on this website as recommendations to buy or sell a commodity at any time. While ABC strives to make sure all our statements are true and accurate, we use third party data and therefore depend on the reliability of our own credible sources. ABC recommends you consult with your qualified investment advisor, before you make investment decisions. Please be aware that authors of material on this website may have invested, or may from time to time invest, in commodities discussed on this website.