Last Updated: March 2026
OUR COMMITMENT
Absolute Bullion LLC is fully committed to compliance with all applicable federal and state laws designed to prevent money laundering, terrorist financing, sanctions violations, and other financial crimes.
As a precious metals dealer operating in California and conducting business across the United States, we take our legal and ethical obligations seriously. We do not knowingly do business with individuals, entities, or countries involved in illegal activity or subject to U.S. sanctions.
APPLICABLE LAWS AND REGULATIONS
Our AML and sanctions compliance program is designed to comply with:
- The Bank Secrecy Act (BSA)
- The USA PATRIOT Act
- Regulations issued by the Financial Crimes Enforcement Network (FinCEN)
- The Office of Foreign Assets Control (OFAC) sanctions regulations
- IRS reporting requirements including Form 8300
- Applicable California state laws governing precious metals dealers
CUSTOMER IDENTIFICATION PROGRAM
Absolute Bullion LLC maintains a Customer Identification Program (CIP) as required by federal law. For certain transactions we are required to collect and verify customer identity information including:
- Full legal name
- Date of birth
- Current address
- Government-issued photo identification such as a driver’s license or passport
- Social Security Number or Employer Identification Number for reportable transactions
This information is collected solely to comply with federal law. It is stored securely and treated with strict confidentiality. We do not share this information with third parties except as required by law.
RECORDKEEPING REQUIREMENTS
In accordance with the Bank Secrecy Act and applicable FinCEN regulations, Absolute Bullion LLC maintains records of certain transactions including:
- The identity of the buyer and seller
- The date, amount, and description of each transaction
- Payment method used
- Any identification documents collected
These records are retained for the period required by applicable law.
IRS FORM 8300 — CASH REPORTING
Federal law requires Absolute Bullion LLC to file IRS Form 8300 for cash payments received in a single transaction — or in related transactions — totaling $10,000 or more. This requirement applies to payments received in U.S. currency, cashier’s checks, money orders, bank drafts, or traveler’s checks.
By placing an order with us, you agree to provide accurate and complete identifying information when required for Form 8300 reporting purposes. Providing false information in connection with a Form 8300 transaction is a federal crime.
OFAC SANCTIONS COMPLIANCE
Absolute Bullion LLC screens all customers and transactions against the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list and all other applicable U.S. government sanctions lists before completing any transaction.
We do not conduct business with any individual, company, or country that is subject to U.S. economic sanctions or trade restrictions. If a customer or transaction is identified as matching a sanctions list, we are legally required to block the transaction and report it to OFAC.
SUSPICIOUS ACTIVITY REPORTING
We monitor all transactions for indicators of suspicious or unusual activity. If we identify activity that we believe may involve money laundering, terrorist financing, structuring, or other financial crimes, we will take appropriate action as required by law.
This may include filing a Suspicious Activity Report (SAR) with FinCEN, refusing the transaction, terminating the customer relationship, and/or reporting to law enforcement.
NO TIP-OFF PROVISION
Federal law prohibits Absolute Bullion LLC from informing any customer or third party that a Suspicious Activity Report has been filed, or that we are considering filing one, in connection with their account or transactions. We are legally required to maintain the confidentiality of all SAR filings.
If you ask us whether an SAR has been filed concerning your account, we are not permitted to answer that question.
PROHIBITED TRANSACTIONS
Absolute Bullion LLC will not knowingly facilitate transactions involving:
- Proceeds of criminal activity
- Funds linked to terrorist organizations or activities
- Individuals or entities on the OFAC SDN list or other sanctions lists
- Countries subject to comprehensive U.S. sanctions
- Structuring — the deliberate breaking up of transactions to avoid reporting thresholds
EMPLOYEE TRAINING
All personnel at Absolute Bullion LLC who handle customer transactions are trained on our AML compliance program, including how to identify suspicious activity, recordkeeping requirements, and sanctions screening procedures.
COMPLIANCE OFFICER
Absolute Bullion LLC has designated a compliance officer responsible for overseeing our AML program, ensuring compliance with applicable laws, and serving as the point of contact for regulatory inquiries.
CONTACT US
For questions about our AML and sanctions compliance program:
Absolute Bullion LLC Email: [email protected] Phone: (619) 410-3520 Website: absolutebullion.com