Are jewellers covered by AUSTRAC Tranche 2?

Yes. Dealers in precious metals, stones and products are regulated when they take physical currency at or above the reporting threshold for a transaction.

What is the cash threshold?

Taking physical currency at or above the reporting threshold on a transaction brings it into scope and can trigger a threshold transaction report. Senly AML tracks this and drafts the report for you.

Do I need a compliance background?

No. Senly AML operates AUSTRAC's official jeweller starter kit and walks you through each obligation step by step.

How much does it cost?

A$29 a month per seat, with the platform fee waived for your first 30 days. Online ID checks are pay-as-you-go on top.

For jewellers and precious metals dealers

AML compliance for jewellers, quietly handled.

Dealers in precious metals, stones and products are now regulated under AUSTRAC Tranche 2 when they take cash above the threshold. Senly AML runs AUSTRAC's jeweller starter kit so you can stay compliant without a compliance team.

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No sales call · No card needed · Cancel anytime

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Acme Conveyancing Pty Ltd

Onboarded today

RISK LOW

Identity verifiedKYC
Business ownership confirmedKYB
DFAT & UN sanctionsClear
PEP & adverse mediaClear

Evidence logged · Encrypted · 7 yrs

AUSTRAC starter kitData in AustraliaDFAT screening7-year records

Are you in scope?

Jewellers and AUSTRAC Tranche 2

You are in scope when you buy or sell precious metals, stones or products and take physical currency at or above the reporting threshold. Senly AML's streamlined tier fits low and medium risk individual customers paying with cash.

Streamlined for cash customers

The jeweller kit is built around cash transactions and individual customers, with threshold transaction reporting and a streamlined customer due-diligence path for low and medium risk buyers.

The official source is AUSTRAC.

Everything AUSTRAC expects, in one place.

Senly AML runs AUSTRAC's jewellers starter kit end to end, so a small team can meet the same obligations as a large firm.

Enrol with AUSTRAC

Know if and when you must enrol, and keep your details current.

Appoint an AML/CTF compliance officer

Record your AMLCO and their responsibilities.

Build your AML/CTF program

Adopt AUSTRAC's starter kit for your sector and tailor the risk assessment.

Verify your customers

Run customer due diligence, with KYC and KYB and sanctions screening built in.

Screen and monitor

Automatic DFAT sanctions and PEP screening on every customer, kept current.

Report when required

Draft suspicious matter, threshold transaction and annual reports ready to submit.

Train your staff

Assign and track AML/CTF training across your team.

Keep records for seven years

Tamper-evident, encrypted records ready for an AUSTRAC review.

Jewellers: your questions, answered.

Are jewellers covered by AUSTRAC Tranche 2?: Yes. Dealers in precious metals, stones and products are regulated when they take physical currency at or above the reporting threshold for a transaction.
What is the cash threshold?: Taking physical currency at or above the reporting threshold on a transaction brings it into scope and can trigger a threshold transaction report. Senly AML tracks this and drafts the report for you.
Do I need a compliance background?: No. Senly AML operates AUSTRAC's official jeweller starter kit and walks you through each obligation step by step.
How much does it cost?: A$29 a month per seat, with the platform fee waived for your first 30 days. Online ID checks are pay-as-you-go on top.

Get AUSTRAC ready, calmly.

From A$29 per month per seat. Platform fee waived for 30 days.

See pricing