The Office of Fair Trading (OFT) wishes to inform High Value Goods Dealers (HVGDs), potential HVGDs and High Risk Dealers (HRDs) that it has created a new sample transaction forms to assist businesses with their AML/CFT obligations to record data and to carry out Customer Due Diligence measures (CDD). The following forms are now available on our website:

  1. A new High Value Good Transaction Sample Form – This forms is designed to assist, HVGDs, potential HVGDs and HRDs to record payments in cash for High Value Goods (equal to or above £2,000) as required by Sections 8.4 and 11.4 of the OFT’s AML/CFT Guidance Notes for High Value Good Dealers (the “Guidance Notes”).
  2. Two new sample CDD forms - These replace the previous High Value Transaction From and are designed to assist HVGDs:
    1. to collect appropriate transaction details and carry out appropriate CDD - CDD Sample Form HVGD 1; and
    2. to carry out appropriate risk assessments of the customer and the transaction - CDD Sample Form HVGD 2.

Refer to Sections 3 and 6 of the Guidance Notes for guidance.

We encourage you to look at the forms carefully. Please note however that their use is not obligatory and your business should therefore assess its specific money laundering & terrorist financing risks and create bespoke forms to carry out appropriate CDD.

If you have any questions or feedback regarding the forms please do not hesitate to contact the OFT and we will be delighted to assist you: aml.oft@gibraltar.gov.gi