KYC & AML Policy

Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy

Introduction

156Bullion LTD is committed to preventing money laundering, terrorist financing, fraud, sanctions breaches, and other financial crimes.

As a business involved in the sale of precious metals and collectible bullion products, we operate a risk-based compliance programme designed to protect our customers, our business, and the wider financial system.

This policy explains the circumstances under which we may conduct identity verification and compliance checks.

Identity Verification

We reserve the right to request identity verification for any customer at any time.

Verification may be requested before, during, or after a transaction has been placed.

Documentation may include:

Government-issued photo identification
Passport
Driving licence
National identity card
Proof of residential address
Utility bill
Bank statement
Other documentation deemed necessary

Failure to provide requested information may result in delayed processing, cancellation of orders, or account restrictions.

Know Your Customer (KYC)

As part of our KYC procedures, we may verify:

Customer identity
Residential address
Contact information
Payment method ownership
Business ownership information
Beneficial ownership information
Transaction history
Other information relevant to risk assessment

These checks help us comply with legal, regulatory, banking, and payment processing requirements.

Source of Funds & Source of Wealth

For certain transactions, we may request information regarding the source of funds used to make a purchase.

Examples may include:

Employment income
Savings
Investment proceeds
Business income
Inheritance
Property sales

In higher-risk situations, we may also request information relating to source of wealth.

Sanctions Screening

156Bullion LTD reserves the right to screen customers, transactions, and counterparties against applicable sanctions lists and other compliance databases.

Transactions may be delayed, restricted, declined, or reported where sanctions concerns arise.

Fraud Prevention

We employ various fraud prevention measures designed to protect both our customers and our business.

These measures may include:

Address verification
Payment verification
Device and transaction monitoring
Identity verification
Enhanced due diligence checks

Orders identified as potentially fraudulent may be delayed, cancelled, or referred for further review.

Enhanced Due Diligence

Enhanced Due Diligence (EDD) may be conducted where we determine that a transaction presents an increased level of risk.

Factors may include:

High transaction values
Multiple linked transactions
Unusual purchasing behaviour
Geographic risk factors
Compliance concerns
Regulatory requirements

Additional information may be requested before orders are approved.

Refusal of Service

156Bullion LTD reserves the right to refuse, delay, suspend, or cancel any transaction where:

Verification requirements cannot be satisfied
Fraud is suspected
Compliance concerns arise
Regulatory obligations require intervention
Information provided is inaccurate or misleading

We are under no obligation to disclose the specific reasons for compliance-related decisions where doing so would be inappropriate or prohibited by law.

Reporting Obligations

Where required by law, regulation, court order, or competent authority, 156Bullion LTD may disclose information to:

Law enforcement agencies
Regulatory authorities
Financial institutions
Payment providers
Fraud prevention organisations

We reserve the right to report suspicious activity where appropriate.

Data Protection

Any personal information collected as part of our AML, KYC, fraud prevention, or compliance procedures will be handled in accordance with our Privacy Policy and applicable data protection legislation.

Contact Us

If you have any questions regarding this policy, please contact:

156Bullion LTD

Email: Office@156Bullion.co.uk

Telephone: 020 4619 2646

Website: https://156bullion.co.uk