AML questionnaire
AML questionnaire – legal obligation when purchasing precious metals
In order to comply with the requirements of Act No. 253/2008 Coll., on measures against money laundering and terrorist financing (the so-called AML Act), we, as a precious metals dealer, are required to identify customers in transactions that meet certain conditions. This obligation applies to all traders in the Czech Republic and serves to protect the market from abuse.
When is an AML questionnaire required?
AML identification is required by law if:
- the value of the order exceeds EUR 10,000 (converted at the current CNB exchange rate – approximately CZK 270,000),
- you make multiple purchases that are related in terms of time or subject matter and their total value exceeds EUR 10,000,
- a business relationship is established (e.g., regular purchases, savings products, etc.),
- or the transaction is assessed as suspicious under the law.
What will you need?
To complete the identification process, you must:
- provide two valid forms of identification (e.g., ID card and driver's license),
- fill out the appropriate AML questionnaire according to the type of customer,
- in the case of a legal entity or self-employed individual, also provide information about the ownership structure, statutory representative, and purpose of the purchase.
Security and data protection
All information provided is processed solely for the purpose of fulfilling legal obligations and in accordance with the GDPR. We store your data securely and confidentially.
