ID Verification

Spencer Bullion Exchange complies with Australian Government anti-money laundering and counter-terrorism financing (AML/CTF) legislation. As part of these obligations, we are required to verify the identity of customers for certain transactions.

Identity verification is typically required for purchases exceeding $10,000 AUD, as well as in circumstances where transaction activity requires further due diligence. This process helps us detect and prevent fraud, money laundering, and other unlawful activity.

Customers may be asked to provide valid identification documents, such as a driver’s licence or passport, along with additional information where necessary. All information collected is handled securely and in accordance with Australian privacy laws.

We aim to keep the verification process as simple and efficient as possible while maintaining strict compliance standards. Most checks are completed promptly, allowing transactions to proceed with minimal delay.

By completing an ID verification when requested, you help ensure a safe, transparent, and legally compliant marketplace for all customers.