DPMS-BO-001High Risk
beneficial ownership
Red Flag
Trust or LLC wires funds for a precious metals purchase but the beneficial owners are concealed, and the trustee or manager is a professional nominee with no independent relationship to the metals.
Industry
Dealers in Precious Metals
Transaction Type
wire
Customer Type
legal entity
Category
Regulatory Source
Document:FIN-2014-G001 MSB Expectations
Type:FinCEN Guidance
CFR Citation:31 CFR §1010.230
SAR Category:Beneficial ownership
FinCEN Key Term:Nominee Trust Purchase
Last Verified:2026-04-15
This red flag is provided for informational and educational purposes only. It is not legal, regulatory, or compliance advice. Always consult the official source document and a qualified compliance professional for guidance specific to your situation.