AML-BSA Compliance for High-Value Dealers
Dealers in precious metals, precious stones, jewelry, coins, bullion, and luxury watches are among the most cash-intensive businesses in the U.S. — and among the most scrutinized under AML-BSA law. Soflo delivers annual AML-BSA training, BSA risk assessments, and DPMS-compliant documentation online, instantly.
AML-BSA Compliance for Precious Metals, Jewelry, Coins, Bullion & Luxury Watch Dealers
Dealers in precious metals, precious stones, and jewels — collectively known as DPMS (Dealers in Precious Metals and Stones) — are classified as financial institutions under the Bank Secrecy Act when they engage in cash transactions exceeding $50,000 in a single year. This triggers mandatory AML-BSA compliance obligations including annual training, written policies, and transaction reporting.
This applies broadly across the cash-heavy dealer space: gold and silver coin dealers, bullion dealers, jewelry retailers and wholesalers, precious stone dealers, and luxury watch dealers who accept cash. These businesses are prime targets for money laundering because high-value portable assets can be purchased with cash and quickly resold — making AML-BSA compliance a legal and operational necessity.
Soflo's AML-BSA compliance platform delivers DPMS-specific annual training covering Form 8300 filing, structuring detection, customer identification, suspicious activity reporting, and OFAC screening — all with auto-generated certificates and audit-ready documentation built for examiner review.
Regulatory Authority
FinCEN / IRS (DPMS — Dealers in Precious Metals & Stones)
98%
Exam pass rate
50+
Dealers served
1–3 days
To full compliance
$399/yr
Starting price
AML-BSA Compliance Requirements
for High-Value Dealers
FinCEN / IRS (DPMS — Dealers in Precious Metals & Stones) requires high-value dealers to maintain AML-BSA programs covering these core obligations.
Annual AML-BSA employee training with certificates of completion
Written BSA risk assessment for cash-heavy dealer operations
AML policies and procedures covering DPMS-specific obligations
Form 8300 filing procedures for cash transactions over $10,000
Customer Identification Program (CIP) for high-value cash transactions
Structuring detection and suspicious activity reporting procedures
AML-BSA Risks Specific to High-Value Dealers
Soflo's AML-BSA training covers the specific money laundering risks your industry faces — not generic compliance content.
Form 8300 Cash Reporting
Dealers must file Form 8300 for cash transactions exceeding $10,000. AML-BSA training ensures your team identifies, documents, and reports all qualifying transactions correctly.
Structuring Detection
Breaking up cash purchases to stay under the $10,000 reporting threshold is a federal crime. Your AML-BSA program must train staff to recognize and report structuring attempts.
Customer Identification (CIP)
DPMS dealers must verify customer identities for large cash transactions. AML-BSA training covers CIP documentation requirements and recordkeeping obligations.
Portable High-Value Asset Risk
Gold coins, bullion, jewelry, and luxury watches are easily transported and resold — making them attractive for money laundering. Your AML-BSA program must address this specific risk.
Three AML-BSA Compliance Plans
for High-Value Dealers
No proposals. No custom quotes. No sales calls. Pick your AML-BSA compliance plan and start today.
Training Only
Annual AML-BSA training & certification
From $399/yr
Annual AML-BSA compliance subscription
- Annual AML-BSA video training modules
- Auto-generated certificates of completion
- Employee progress tracking dashboard
- Audit-ready compliance reports
- Automated annual renewal reminders
Instant access · no sales call required
Training + Review
Training + BSA risk assessment review
From $798/yr
Annual AML-BSA compliance subscription
- Everything in Training Only
- Expert review of your BSA risk assessment
- Gap analysis against current FinCEN standards
- AML policy & procedures review
- Written remediation recommendations report
Instant access · no sales call required
Training + Creation
Full AML-BSA program built from scratch
From $1,736/yr
Annual AML-BSA compliance subscription
- Everything in Training Only
- New institutional BSA risk assessment
- Custom AML policy manual for your company
- Customer risk rating methodology
- FinCEN regulatory update tracking
Instant access · no sales call required
AML-BSA Compliance Questions
for High-Value Dealers
Common questions about AML-BSA compliance requirements, costs, and timelines for high-value dealers (cash heavy) — precious metals, stones, jewelry, coins, bullion & luxury watches.
Do precious metals and coin dealers need AML-BSA compliance programs?
Yes. Dealers in precious metals, precious stones, and jewels (DPMS) that engage in cash transactions exceeding $50,000 in a single year are classified as financial institutions under the Bank Secrecy Act and are required to maintain AML-BSA compliance programs. This includes annual AML-BSA employee training, a BSA risk assessment, AML policies and procedures, and Form 8300 filing procedures.
Do bullion and gold coin dealers need AML-BSA training?
Yes. Gold coin dealers, silver bullion dealers, and precious metals dealers who accept cash are subject to AML-BSA compliance requirements under the Bank Secrecy Act. Annual AML-BSA training must cover Form 8300 reporting, structuring detection, customer identification, and suspicious activity recognition.
Do luxury watch dealers need AML-BSA compliance programs?
Luxury watch dealers who accept cash payments for high-value timepieces are subject to Form 8300 reporting requirements and are expected to maintain AML-BSA programs that address large cash transaction monitoring, structuring detection, and customer identification. Soflo's platform delivers dealer-specific AML-BSA training.
What is Form 8300 and how does it apply to jewelry and coin dealers?
Form 8300 is an IRS/FinCEN form that businesses must file when they receive more than $10,000 in cash in a single transaction or in related transactions. Precious metals dealers, jewelry dealers, coin dealers, and bullion dealers must train employees to identify reportable transactions and file Form 8300 correctly as part of their AML-BSA compliance program.
How much does AML-BSA compliance cost for a precious metals or jewelry dealer?
Soflo offers AML-BSA compliance plans for high-value dealers starting at $399/year for annual training only, $798/year for training plus BSA risk assessment review, and $1,736/year for a full AML-BSA program. All plans include Form 8300 training, DPMS-specific content, and audit-ready documentation.
AML-BSA compliance for other regulated industries
Start Your AML-BSA Compliance
Program for High-Value Dealers Today
Join hundreds of high-value dealers (cash heavy) — precious metals, stones, jewelry, coins, bullion & luxury watches that use Soflo to meet their annual AML-BSA compliance requirements. Subscribe online in minutes. No sales calls. No consultants.