Anti Money Laundering Training For High Value Dealers

High Value Dealers (HVDs) play a crucial role in sectors that often involve large cash transactions—such as luxury goods, jewellery, precious metals, art, motor vehicles, and antiques. Because of the high-value nature of these transactions, HVDs are considered high-risk for money laundering activities and are subject to the UK’s Money Laundering Regulations 2017. It is a legal requirement that any business accepting cash payments of €10,000 or more (or equivalent in any currency) registers as an HVD and implements robust AML controls, including staff training.

Eminent offers tailored Anti-Money Laundering (AML) Training for High Value Dealers, designed to help your business understand its compliance obligations, mitigate risk, and prepare for HMRC inspections.

Why AML Training is Essential for HVDs

Money launderers often attempt to disguise illicit funds by purchasing high-value items that can be resold, transferred, or stored as assets. This places HVDs at the frontline of financial crime risks. Training your staff ensures that they can:

• Identify suspicious customers and behaviours

• Conduct effective Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

• Report suspicious activity appropriately

• Maintain the right records in case of a regulatory inspection

• Operate within a compliant, risk-based framework

What Eminent’s AML Training Covers

Our training is industry-specific and includes the following key modules:

1. Overview of Money Laundering and UK AML Regulations

   • Understanding how criminals exploit high-value trades

   • Legal framework and responsibilities under the law

2. Customer Due Diligence and Verification Procedures

   • Identifying individuals and businesses

   • When to apply enhanced due diligence (e.g., for PEPs or high-risk transactions)

3. Identifying Red Flags in High-Value Transactions

   • Unusual cash behaviour, third-party involvement, or inconsistent documentation

4. Suspicious Activity Reports (SARs)

   • When and how to submit reports to the National Crime Agency (NCA)

5. Internal Controls and Record-Keeping Requirements

   • Templates and best practices for documenting due diligence and risk assessments

6. Staff Responsibilities and Ongoing Compliance

   • Embedding AML into daily operations

Why Eminent?

Eminent provides AML training that is:

• Customised for High Value Dealers in jewellery, car sales, art, and other sectors

• Delivered online or in-person to suit your business needs

• Includes certification of completion for audit evidence

• Accompanied by ongoing compliance support and AML policy templates

Our training is designed not only to meet HMRC’s expectations but also to give your staff the confidence to handle compliance responsibilities correctly.

Protect your business, reputation, and customers.
Contact Eminent today to schedule your AML training session and ensure your high-value dealership is audit-ready and fully compliant.