Which practices are dealers in antiques, precious metals, precious stones, jewelry, and art advised to follow to reduce the element of money laundering risk? Choose 3 answers

Requiring vendors to sign a declaration that goods were not stolen establishes a basic provenance control that creates an audit trail. This documentation deters criminals from attempting to launder proceeds of theft through high-value goods markets and demonstrates the dealer's due diligence.

Verifying identities and performing due diligence on all new vendors and customers is the foundational Customer Due Diligence (CDD) requirement for any AML program. This allows dealers to identify high-risk parties, apply enhanced scrutiny where warranted, and avoid facilitating transactions for sanctioned individuals or criminal organizations.

Refusing cash payments is a primary placement-stage control because cash is the most anonymous payment method and is frequently used to introduce illicit funds into the legitimate economy. Requiring traceable payment methods such as bank transfers creates an auditable record that links transactions to identifiable parties.

Requiring vendors to hold an enforcement-agency-issued license is not a recognized FATF AML control for the high-value goods sector and is not a standard customer due diligence or transaction monitoring measure.