Built for DMCC Precious Metals Dealers
Cash transaction monitoring, supplier due diligence, and DMCC compliance — simplified.
Precious Metals AML Challenges
High-Value Cash Transactions
- Cash still common in gold/diamond trade
- AED 55,000 threshold monitoring required
- Multiple small cash payments (structuring)
- Same customer, different locations
Challenge: Tracking cash across multiple transactions and locations
Supplier Due Diligence
- Verify supplier legitimacy
- Source of metals/stones verification
- Conflict minerals compliance
- International supplier screening
Challenge: Knowing your suppliers and their sources
Trade-Based Money Laundering
- Over/under-invoicing detection
- Round number transactions
- Frequent small trades below threshold
- Rapid buy-sell patterns
Challenge: Spotting TBML red flags in normal business
Inventory & Transaction Tracking
- Track specific items (serial numbers, certifications)
- Purchase-to-sale trail
- Pricing consistency monitoring
- Customer purchase patterns