High-Value Sales Demand High-Value Due Diligence
Jewellers, art dealers, luxury retailers, and high-value goods dealers face AML obligations under the Anti-Money Laundering Act of 2020, FinCEN GTOs, and EU AMLD. Sentinel™ delivers the KYC and sanctions screening high-value goods businesses need.
Luxury Goods Are a Classic Money Laundering Vehicle
High-value goods, jewellery, art, luxury vehicles, watches, are used to convert dirty cash into portable, resaleable assets. FinCEN's Geographic Targeting Orders and the AML Act 2020 expanded dealer obligations significantly.
Sentinel™ provides luxury retailers and art dealers with customer identity verification, PEP and sanctions screening at the point of sale, and the audit logs required to demonstrate compliance when regulators examine your program.
Good Tip from Oscar
"Cash purchases of high-value goods are the oldest placement technique in the book. A customer who pays in cash and requests no receipt is not being discreet, they're laundering. Know your customer at the point of sale. The regulator will ask."
Key AML/KYC Regulations Sentinel™ Helps You Meet
AML Act 2020 (Art & Antiquities)
The Anti-Money Laundering Act of 2020 brought dealers in art and antiquities under BSA AML program requirements for the first time.
FinCEN GTOs
FinCEN's Geographic Targeting Orders require identification of beneficial owners for high-value cash purchases in designated areas.
OFAC Sanctions
Luxury retailers must screen high-value buyers against OFAC's SDN list.
EU AMLA & 6AMLD
Art dealers transacting above 10,000 EUR and luxury goods dealers are obligated entities under EU AML Directives.
HMRC / MLRs 2017 (High-Value Dealers)
UK high-value dealers transacting above 10,000 EUR in cash must register with HMRC for AML supervision and file SARs with the NCA.
DNB / Wwft
The Dutch central bank enforces the Wwft for luxury retailers. A 2026 enforcement action demonstrated active regulatory scrutiny in this sector.
FATF (Art, Luxury & High-Value Goods)
FATF's guidance identifies KYC at point of sale, source-of-funds verification, and transaction record-keeping as core requirements.
FINTRAC / PCMLTFA
Canadian dealers in precious metals, precious stones, and real estate are reporting entities under the PCMLTFA.
Everything Your AML/KYC Compliance Team Needs
Lowest False Positive Rate
Secondary matching criteria date of birth, citizenship, address eliminate erroneous alerts before they reach your team. Your analysts focus on real risk.
Continuous Customer Monitoring
Your full customer portfolio is automatically re-screened when watchlists update. No manual batch jobs. No compliance gaps between periodic reviews.
Un-editable Audit Logs
Every decision, every alert, every override is timestamped and logged in an immutable audit trail. Fully exportable for examiner review at any time.
Real-Time API & Batch Processing
Integrate at onboarding via Real-Time API, or run batch screening across your full portfolio. Same-day go-live less than one business day to integrate.
Global Watchlist Coverage
OFAC SDN, UN, EU, HMT, DFAT, and 50+ additional global sanctions lists all updated daily. PEP screening and adverse media in 5 languages.
Tier 1 & 2 Support
From user training to technical consultation. Dedicated support for large operations. Human support from compliance professionals not a help desk queue.
Turns Out Know Your Customer
Applies to Luxury Retail Too.
In 2026, a European luxury retailer learned that being a fashion brand is not a recognised AML exemption. High-value goods, high-value due diligence. Sentinel™ screens every customer at the point of sale, quietly, quickly. Read our take on what went wrong →
Drafted by humans. Reviewed by lawyers. Approved by nobody who thought this was fun.
The information on this website is provided for general informational purposes only and does not constitute legal, regulatory, or compliance advice. Truth Technologies, Inc. makes no representations or warranties regarding the accuracy, completeness, or currency of the regulatory information presented. AML/KYC obligations vary by jurisdiction, institution type, and individual circumstances. Organizations should consult qualified legal counsel or a licensed compliance professional before making compliance decisions. Sentinel Compliance Platform™ is a product of Truth Technologies, Inc.