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March 30, 2026•10 min read

How to Comply with AML/CTF Tranche 2 for Free (Precious Metal Dealers)

Complete compliance at $0 cost for gold, silver, platinum dealers and jewellers. Cash transaction monitoring included.

Key Trigger: $5,000 Threshold

Precious metals have LOWER threshold than most Tranche 2 services. Verify customers at $5,000 (not $10,000). Cash reporting at $10,000.

Your Obligations

  1. Register with AUSTRAC by March 31, 2026
  2. Create AML/CTF Program
  3. Complete Risk Assessment
  4. Train your team on cash transaction red flags
  5. Verify customers for transactions ≥$5,000
  6. File TTR reports for cash transactions ≥$10,000
  7. File SMR reports for suspicious activity (any amount)
  8. Keep records for 7 years

How to Do It All for $0

Free Tools

Program (precious metals template), Risk Assessment (cash risks), Training (red flags), TTR/SMR Templates

Learn more →

Your Cost

$0. Customers pay their own $15 verification. You pay nothing. Unlimited volume.

Learn more →

30-Minute Checklist

  1. 1
    Register with AUSTRAC

    ⏱️ 10 min

  2. 2
    Generate AML Program

    ⏱️ 5 min

  3. 3
    Complete Risk Assessment

    ⏱️ 10 min

  4. 4
    Train team on red flags

    ⏱️ 2 min

  5. 5
    Send first verification

    ⏱️ 2 min

Total: 29 Minutes

Start Compliance →

FAQs

Ready to Comply for Free?

Join precious metal dealers using FreeAML for zero-cost compliance.

Start Free Compliance →

No credit card. No hidden fees. Ever.