High Value Dealers Guidance now available

On 1 August 2019, the AML legislation will extend to cover some high value dealers. The Department has published the Guidance for High Value Dealers (PDF, 1MB) to help them develop an understanding and meet their obligations with the AML/CFT Act.

Please note that this Guidance doesn’t contain the approved cash threshold. The Ministry of Justice has completed its consultation on the threshold amount ($5,000, $10,000 or $15,000), which will be confirmed once a decision is reached by Cabinet in June 2019.

An updated Guide will be made available on the DIA website with the approved cash threshold in June 2019.

More information for High Value Dealers here.