Legal notice

AML and KYC Policy

Purpose Affordable Bullion Ltd is committed to preventing money laundering, terrorist financing and financial crime. This policy explains how we verify customers, screen for sanctions and PEPs, retain records, and escalate suspicious activity in line with the UK Money Laundering Regulations and industry best practice.


Scope and Legal Basis

Scope This policy applies to all customers, transactions and channels (online, telephone, in‑person).

Legal Basis We operate under the UK Money Laundering Regulations and follow guidance from the National Crime Agency and relevant industry bodies. We perform Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) where required, sanctions and PEP screening, and file Suspicious Activity Reports (SARs) when necessary.


Customer Due Diligence Requirements

Transaction thresholds and required checks

  • Under £1,000 — Standard risk checks; orders normally proceed without ID. Automated risk flags may trigger a request for ID.

  • £1,000–£5,000 — Basic CDD may be requested; we may ask for photo ID and proof of address.

  • Above £5,000 — Photo ID and proof of address are required before dispatch. Accepted ID: passport, UK driving licence, national ID. Accepted proof of address: utility bill or bank statement dated within 3 months.

  • £10,000 and above — Source of funds documentation and EDD are required. Acceptable documents include recent bank statements, payslips, corporate incorporation documents, and beneficial ownership information.

General notes

  • We may request additional information at any time if risk indicators are present.

  • Orders are held until verification completes. Failure to provide requested documents will result in order cancellation and may be reported to authorities.


Sanctions Screening and PEP Controls

Sanctions screening All customers are screened against UK and international sanctions lists prior to dispatch. Transactions that match sanctions lists will be declined and reported.

PEP screening Customers are screened for Politically Exposed Person status. High‑risk PEPs will be subject to EDD and may be declined.

Transaction monitoring We monitor transactions for unusual patterns, rapid repeat purchases, or other risk indicators and escalate as required. We reserve the right to refuse service to customers or jurisdictions that present unacceptable legal or compliance risk.


Verification Process Refunds and Dispatch

Verification hold Orders may be placed on hold pending verification. Dispatch will not occur until AML checks and payment authorisation are complete.

Payment authorisation Card payments are subject to payment service provider checks, including Strong Customer Authentication (SCA/3DS2). Some transactions may be declined by the PSP for security reasons. Where possible we perform sanctions and risk screening prior to payment authorisation to reduce declines.

Refunds Refunds may be delayed pending completion of AML checks. Approved refunds are returned to the original payment method and issued in GBP.

Document submission Please upload documents via our secure verification portal or the secure link provided in verification emails. Scanned or photographed documents are acceptable if clear and unaltered. For corporate or high‑value transactions we may require certified copies.


Record Keeping Suspicious Activity Reporting and Data Protection

Record retention We retain CDD, transaction records and supporting documents for at least five years from the date of the transaction.

Suspicious Activity Reports We will file SARs with the National Crime Agency where required and cooperate with law enforcement and regulatory authorities.

Data protection Personal data collected for KYC is processed lawfully for AML compliance. Identity documents are stored securely and only retained for the period required by law. For full details on how we process personal data, see our Privacy Policy.