NOTICE TO PERSONS WHO INTEND TO OPERATE AS DEALERS IN PRECIOUS METALS OR SECOND HAND METALS
As a public service announcement to facilitate the registering of persons or companies under this Act, The Royal Barbados Police Force reminds public of the following requirements.
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.
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;
• On applying the persons shall state the following:
The type of licence being applied for;
• Where an application is made on behalf of an individual, the individual’s
(iii) Date of birth
(iv) Residential address
(v) Telephone number
(vi) Registered business name
(vii) Principal place of the registered business name
(viii) Telephone number of the principal place of business of the registered business name
• Where an application is made on behalf of a company, the
(i) Name of the company
(ii) Address of the registered office of the company
(iii) Telephone number of the registered office of the company
(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 to be registered.
The person shall state whether or not that he has been convicted for:
a) of breached a provision under this Act
b) an offence of handling stolen jewellery or second hand metals or;
c) an offence involving fraud under an enactment.
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