Barbados Police warn persons who intend to operate as dealers in precious or second-hand metals

The Precious Metals and Second Hand Metals Act 2013 took effect from 31 January 2013. It is the intention of the Royal Barbados Police Force to fully enforce the provisions of this particular legislation.

(FILE IMAGE) Persons who intend to operate as either Precious Metals Dealers or Second Hand Metals Dealers are required to immediately register as such to ensure compliance with the applicable legal requirements.

(FILE IMAGE) Persons who intend to operate as either Precious Metals Dealers or Second Hand Metals Dealers are required to immediately register as such to ensure compliance with the applicable legal requirements.

Registering a dealer in precious or second hand metals

Registration as a dealer in either precious metals or second hand metals is a process that includes:

(i) First, registering a proposed business under either the Registration Business Name Act Cap. 317, or the Companies Act Cap 308;
(ii) Submitting an application for a licence to the Magistrate responsible for the District within which the proposed business is to be established;
(iii) Within seven (7) working days after the granting of the appropriate licence, producing a copy of such to a member the Police Force at Police Headquarters.

It is a legal requirement that persons who are registered as either Precious Metals Dealers or Second Hand Metals Dealers operate from a fixed and registered location. The practice of encouraging people, through advertisement, to meet at places other than registered places of business for metal dealers, to purchase metals should be discontinued as it facilitates the commission of a criminal offence.

  • David Welch | Insp.

RBPF’s Public Relations Officer

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