Statutory Customer Due Diligence (CDD) Verification Tiers
Verification thresholds applied across individual and corporate transactions in accordance with HMRC guidelines.
| Verification Tier | Order Threshold (Rolling 12 Months) | Required Documentation | Validation Turnaround | Compliance Level |
|---|---|---|---|---|
| Tier 1: Standard Retail | Under £5,000 GBP (or currency equivalent) | Full name, billing/shipping address match, automated 3D Secure / electronic identity check | Instant & Automated | Standard Due Diligence (SDD) |
| Tier 2: Verified Investor | £5,000 to £25,000 GBP | Government-issued photo ID (Passport / Driving Licence) + Proof of Address dated within 3 months | Under 1 Hour | Customer Due Diligence (CDD) |
| Tier 3: Institutional & High-Value | Exceeding £25,000 GBP | Tier 2 + Verified Source of Wealth / Source of Funds documentation (Bank Statement, Sale of Assets) | Same Business Day | Enhanced Due Diligence (EDD) |
| Corporate & Trust Entities | All transaction sizes for corporate entities | Certificate of Incorporation, Register of Directors, 25%+ Ultimate Beneficial Owner (UBO) ID | Dedicated Onboarding Desk | Corporate Due Diligence (CDD) |
Defending Bullion Integrity Against Financial Crime
Precious metals possess intrinsic universal value, portability, and global convertibility. While these traits make physical bullion the supreme wealth preservation asset, they also necessitate rigorous vigilance against money laundering, terrorist financing, and proliferation financing schemes.
Golden Star Met maintains an independent Nominated Officer (MLRO) who oversees continuous transaction monitoring. We do not accept anonymous cash deposits, third-party payments from unconnected individuals, or remittances routed through non-cooperative jurisdictions.
Accepted Photo Identity
Valid international Passport, UK/EU photocard driving licence, or national identity card with machine-readable zone (MRZ) and clear portrait photograph.
Accepted Proof of Address
Bank statement, utility bill (water, gas, electric), local authority council tax bill, or tenancy agreement issued within the past 90 days. Mobile phone bills are not accepted.
Data Privacy & Protection
In strict accordance with the UK Data Protection Act 2018 and UK GDPR, client documents are stored within encrypted, hardware-isolated datacenters and are retained strictly as required by statutory HMRC schedules.
Frequently Asked Questions: Verification & KYC
Practical guidance regarding document submissions, security safeguards, and institutional checks.
How do I submit my identification documents securely?
Clients can upload verification documents directly within their encrypted account portal or transmit them via end-to-end encrypted email to [email protected] quoting their Order or Account ID.
How long does document approval take?
Our automated identity verification system reviews submissions instantaneously. Manual compliance reviews for high-value orders (Tier 3) are typically completed within 1 to 2 business hours during London market trading.
Will Golden Star Met share my financial data with marketing third parties?
Never. Under UK GDPR and our company charter, we maintain an absolute privacy policy. Client records are never sold, rented, or shared with third-party marketing companies, and disclosure occurs solely when compelled by lawful statutory UK court orders or HMRC directives.