Gold Investment - Regulations Governing Gold Dealers

Replica of a medieval Hungarian gold florin with a depiction of King Matthias, a valuable historical piece for gold coin collectors.

What licence is required to trade in investment gold?

The activity permits for gold dealing companies are issued by the Precious Metals Assay and Certification Authority of the Hungarian Trade Licensing Office, commonly known by its Hungarian abbreviation NEHITI.

Companies trading in gold must also maintain an anti-money-laundering (AML) policy. Every gold dealer is required to publish its precious metals trading licence number. The dealer's licence number, which begins with the prefix PR, can be verified on the NEHITI website. The National Tax and Customs Administration (NAV) and NEHITI jointly monitor compliance with anti-money-laundering regulations.