FAQ
Identify the customer, screen OFAC and generate Form 8300 from your team’s phone, in two minutes. For jewelers, watch dealers and dealers in precious metals and stones.
Two or three purchases just under $10,000 on the same day or week. Related sales count together for Form 8300.
The piece leaves today, the payment is reversed within weeks. Without a time-stamped identity record, the store loses both.
A customer nobody knows, a plausible story and a high-value piece. The decision is made in minutes.
When you buy, the risk is stolen goods: always identify the seller and keep the record.
Driver’s license, passport or ID card from any country, against its genuine format.
ValiD on the customer’s phone: face match and liveness. Nobody uses someone else’s document.
Every customer against OFAC’s SDN list and other lists, reviewed by a specialist on a possible match.
A cash sale over $10,000 produces a filled-in Form 8300, ready to print or to upload to BSA E-Filing.
Every check stays on a case with its PDF: the proof of your diligence for the IRS or an examiner.
In back-office mode the outcome goes to the manager only; the customer sees nothing.
A dealer that bought and sold more than $50,000 of jewels, precious metals or stones in the prior year needs an AML program: risks, controls, a compliance officer and training (31 CFR 1027.210).
More than $10,000 in cash in one sale or related sales: Form 8300 within 15 days and a statement to the customer by January 31.
No sale to a person on the SDN list, however they pay.
Splitting a payment to stay under the limit is a crime, and so is knowingly accepting it. Counter flags related sales.
An indicative summary (October 2026). Not legal or tax advice.
A free ten-minute video demo: a sale, a photo, a QR and the outcome. No commitment.
If you bought and sold more than $50,000 of jewels, precious metals or stones in the prior year, yes, with some exceptions for retailers. Counter covers identification, screening and records; the written program stays yours.
The law does not always require it, but a stolen card is a jeweler’s most expensive chargeback. A two-minute check on the big pieces protects you.
You do. Counter fills it in from the check and what the customer gives after ValiD; you review it and file it.
Counter accepts passports and ID cards from any country, and so does ValiD.