Compliance

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.

If you buy or sell bullion with a value that exceeds $5,000.00, the law stipulates that you register as a customer. You can do this in person or online. The information that you provide is confidential and may only be released without your consent via subpoena or court order.

The Government body AUSTRAC stipulates that all businesses who are at risk of facilitating terrorism financing or money laundering be able to identify their customers. This includes banks, funds remitters, casinos, and bullion dealers.

Accordingly, ABE 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.

ABE 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.

Disclaimer

Neither ABE nor its directors, shareholders, or 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 ABE 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. ABE 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.

Website Terms of Use

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ABE has implemented what is considered appropriate security features for this website, but it and the underlying systems may be subject to attack from unauthorized persons.

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