SPARLAFTD for Jewelry and Precious Metals Dealers in Ecuador

AML/CTF Compliance for Jewelry and Precious Metals Dealers

The jewelry, gold, and other precious metals trade frequently involves high-value cash payments, making it a priority sector for UAFE oversight. Líderes APLA designs their SPARLAFTD around the type of product, the payment method, and the client profile.

Critical Elements

• Limits and controls on high-value cash payments.
• Enhanced due diligence on unusual or structured purchases.
• Red flags on the origin of precious metals or gemstones.
• Training for sales staff on identifying suspicious transactions.

Implementation and UAFE reporting

Implementing the SPARLAFTD in this sector is governed by the Organic Law for the Prevention, Detection and Combat of Money Laundering and by UAFE resolutions. As part of our AML/CTF Consulting, we deliver the risk matrix, the prevention manual, Compliance Officer training and support in filing RESU and ROS reports. Request an assessment for your organization.