Indicators Related to Customer
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The client purchases goods randomly regardless of their value, size, or color.
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The purchase or sale operations are unusual for the client or the supplier (for example: the profession and age of the buyer does not match the value of the transaction or the type of precious stones or metals associated with the transaction).
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The client or supplier attempts to maintain a high degree of confidentiality regarding the transaction, such as asking not to keep normal commercial records.
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The client is reluctance to give accurate information about his identity when making a purchase, and then regains a large sum of money.
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The client requests an item and pays for it in cash, and then cancels the order and regains a large sum of money, or asks about the possibility of returning the goods and obtaining a check in return, especially if the client requests writing the check in the name of a third party.
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The client pays a high price in cash for a piece of jewelry or a precious metal without negotiating the price, or if the piece surpasses the client's ability compared to his profession or his declared or known income.
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The client or supplier does not occupy a position in the company he claims to represent, or has reservations about disclosing his job.
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The client changes his bank accounts frequently and illogically.
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The client is a politically exposed person.
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The client uses non-bank financial institutions without apparent reason or commercial interest.
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An unknown client requests to convert gold into bullion.
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The client owns several companies that trade gold and precious metals.
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The continuous changing of commercial names for entities registered to deal in gold and precious metals.
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The supplier suspiciously offers a low price or large discount to speed up transactions.
Indicators Related to Transaction
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Using unusual amounts of cash to pay for the commodity.
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The transaction lacks commercial sense.
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Large and regular payments in a currency other than Bahraini Dinars.
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Requesting to increase or reduce the value of the invoice, or requesting organized, complex or multiple invoices.
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Very expensive shipments that are over-insured or undervalued.
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The buyers or sellers lack acceptable experience in the precious metals and gemstones sector.
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A large sum transaction from an unknown merchant.
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Selling gold bars, coins and diamonds from a retail jewelry store.
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Buying or selling operations that do not conform to standard business practices in the relevant sector.
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The company’s cargo transfer process is unclear.
Indicators Related to Geographical Location
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The presence of a store, branch, or partner affiliated to him in non-cooperative countries or regions, according to the FATF lists.
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The client or supplier is associated with a high risk area.
