Bullion Merchants Do Gold/silver Merchants In The UK Have To Report Purchases/sales Of Bullion?

Do gold/silver merchants in the UK have to report purchases/sales of bullion? - bullion merchants

Depending on the size of the transaction, but above all, the answer is yes. A series of laws against money laundering means that customers must be identified in the implementation of key financial transactions (including gold and silver) and reported in large transactions. I believe that the current limit of around £ 10,000.