Guidelines for Dealers in Precious Metals & Stones

This Guideline applies directly to all precious metals and precious stones businesses in Barbados.  There may be operators of such businesses in Barbados that are subsidiaries of foreign-owned parent companies.  Precious metals and stones businesses are expected to ensure that they and their subsidiaries in Barbados have effective controls in place to comply with this Guideline.

Where Barbadian businesses have branches or subsidiaries overseas, steps should be taken to alert the management of such overseas branches to the requirements in Barbados in relation to anti-money laundering and counter terrorist financing.

Anti-Money Laundering(AML)/Combating Terrorist Financing (CFT) Guideline