Anti-Financial Crime in DNFBPs: Dealers in precious metal/stones

Precious metals and stones occupy a unique position in the financial system. Gold, diamonds, gemstones, and high-value jewellery are not only commercial products they are also stores of value, instruments of transfer, and mechanisms for converting funds into portable assets.

This dual nature creates opportunity. It also creates exposure.

Dealers in precious metals and stones operate at a point where financial and physical value meet. Transactions that appear routine buying jewellery, trading bullion, refining scrap, or moving goods across borders can be used to introduce, move, or disguise illicit funds. In many cases, the risk does not arise from obvious misconduct, but from ordinary business decisions made under time pressure, incomplete information, or misplaced trust.

This course is built on the premise that anti-financial crime is not primarily about identifying extreme or unusual cases. It is about understanding how risk develops within normal business activity, and how small decisions accepting a vague explanation, allowing a third-party payment, overlooking a mismatch can combine to create significant exposure.

Target market

This course is designed for individuals and businesses operating within the precious metals and stones sector, particularly those classified as DNFBPs (Designated Non-Financial Businesses and Professions).

It is most relevant to:

• retail jewellery staff and store managers;
• bullion dealers and traders;
• diamond and gemstone dealers;
• scrap metal dealers and refiners;
• wholesale and B2B trading staff;
• brokers and intermediaries operating in the sector;
• compliance officers, MLROs, and risk personnel within these businesses;
• business owners and senior management responsible for oversight and control frameworks.

The course is structured to support both frontline staff, who interact directly with customers and transactions, and management or compliance functions, who are responsible for reviewing, approving, and strengthening controls.

No prior technical compliance background is required. However, the course assumes that learners are involved in, or exposed to, real transaction environments where judgment and decision-making are required.