Precious metals and stones

When the obligation applies

Dealer in precious metals or stones listed in Annex 1 for a transaction of at least EUR 10,000, including non-cash transactions.

Exceptions and important distinctions

Classify the metal, stone or product under the annex, rather than its commercial label.
Other categories, particularly used goods, may apply below the threshold.
Read the category with section 2(3): the activity must form part of the business, subject to statutory exceptions for non-business legal entities, lawyer partners and the specified trust activity.

From first engagement to retention

Read this workflow with the scope and exceptions for this profession. Evidence of a measure follows its actual performance.

1. Before starting: verify scope

Record the actual service, parties and why it falls within the scope above. Assess exceptions for each measure, rather than applying them to the entire client relationship.

2. While providing the service: apply sector steps

Determine the annex item and value of connected payments.
Perform the applicable identification and due diligence before the transaction.
Apply the specific limited set of duties under section 28.

When the service, party or relevant circumstances change, revisit the affected step. This profession’s special regime takes precedence over a generic checklist.

3. Closure: document the outcome under the applicable regime

Goods classification and valuation
Customer file
Contracts and payment evidence

Determine which records to retain and under what legal basis. For a customer of an obliged entity this concerns cooperation, not taking over the provider’s duties.

§ 2 odst. 1 písm. n); příloha č. 1; § 28

Prepare client information in the AML form →