Anti-Money Laundering (AML) Policy for Sovara Coins

How We Prevent Financial Crime

Last reviewed: October 2026

Sovara Coins deals in high-value gold and silver coins. We take our part in keeping criminal money out of that trade seriously and this page explains how we do it.

We don’t deal in cash
We never accept or make cash payments. Every payment to or from Sovara Coins goes through a traceable method: bank transfer, Visa or Mastercard debit card, Apple Pay or Google Pay.

Checks when you sell to us
Before we pay for coins we buy, we may ask for photo ID and proof of address. We always ask on larger sales. We may also ask how you came to own the coins. We only pay sellers by bank transfer to a UK account in their own name.

Checks when you sell to us
Before we pay for any coin we buy, we ask for photo ID and proof of address. We may also ask how you came to own the coins. We only pay sellers by bank transfer to a UK account in their own name.

Sanctions
We won’t do business with anyone subject to UK financial sanctions.

Our right to decline
We may decline, delay or cancel any transaction if something doesn’t add up or if information we’ve asked for isn’t provided. We won’t always be able to give a reason.

Reporting
Where we know or suspect money laundering or terrorist financing, we report it to the National Crime Agency. We can’t discuss with anyone whether a report has been made.

Records
We keep transaction records and any identity documents we collect for at least five years. They’re stored securely and handled in line with our Privacy Policy.