Edito :

When Godot & Fils asks you for proof of identity, proof of address or documents relating to the origin of your funds or precious metals, this is no mere administrative formality. These requirements meet strict regulatory obligations designed to protect customers, secure transactions and guarantee the traceability of operations.

Key points :

- Enhanced protection against fraud, money laundering and concealment.

- Greater legal security for your purchases, sales and foreign exchange transactions.

- Useful traceability in the event of a tax audit, inheritance or asset transfer.

- The possibility, under certain conditions, of benefiting from a more advantageous tax regime when reselling precious metals.

- Secure, confidential management of your personal data.

At Godot & Fils, compliance is not a constraint: it's a commitment to trust, transparency and protection in the service of your financial interests.

Why does a gold, silver, numismatic or currency exchange professional ask you for so many documents? This question comes up regularly when buying, selling or exchanging currency. And yet, behind these steps lies a simple objective: to secure your operations and guarantee a framework that complies with French regulations. As a company subject to the control of the relevant authorities, Godot & Fils applies vigilance procedures comparable to those of financial institutions. Identity checks, proof of origin of funds or precious metals, secure data storage : these are just some of the measures that help to protect customers, strengthen transaction traceability and safeguard their long-term tax, legal and asset interests.

Why we ask for documents... and why it's good news for you

At Godot & Fils, whether you come to buy or sell precious metals, collector's coins, jewelry destined for melting, or to exchange currencies in our physical branches, we sometimes ask you for a lot of documents: ID, proof of address, ingot or coin purchase invoice, proof of origin of funds, etc.

This may seem restrictive. In fact, it's precisely what protects your interests and makes us a trusted partner.

A highly regulated sector: a guarantee of trust

Our activities - precious metals and manual foreign exchange - are considered sensitive in terms of money laundering, fraud and concealment.

For this reason, Godot & Fils is subject to dual control:

- By the Autorité de Contrôle Prudentiel et de Résolution (ACPR), in particular for the currency exchange business,

- And by the French Customs Administration for the precious metals business.

In concrete terms, this means that we apply compliance procedures (KYC, vigilance, traceability) comparable to those of the most regulated financial players.

For you, it's a sign that you're dealing with a serious, audited company that operates within a clear, sustainable framework.

KYC: know yourself better to protect yourself better... and advise you better

When we ask you for your ID, contact details, and sometimes information about your experience or objectives, we apply the "Know Your Customer" (KYC) principle.

This enables us to :

- check that we are dealing with the right person,

- prevent identity theft and misuse of your information,

- adapt our level of vigilance to the type of transaction (amount, frequency, nature of the product).

But KYC isn't just about compliance: it's also about advising you better.

For example

- a well-informed customer, who already owns a significant stock of gold coins, may be advised to diversify (silver ingots or coins, other bullion coins, specific numismatics) to balance their assets;

- a novice customer, on the other hand, can be guided towards simpler, more liquid solutions tailored to his profile and objectives;

- customers who travel or work abroad can benefit from specific advice on currency exchange and the transportation of valuables.

By getting to know you better, we can offer you products that are more consistent with your situation, risk tolerance and investment horizon.

Proof of origin: a barrier against concealment... and protection for you

Depending on the type of transaction, we may require :

- proof of origin of funds (for large purchases, including foreign currencies),

- proof of metal origin (ingot or coin purchase invoice, inheritance or donation documents, etc.),

- or proof of professional activity, if required.

These documents are used :

- to combat money laundering, concealment and fraud,

- but also to protect you, as a bona fide customer.

A well-constructed file facilitates relations with your notary, accountant or tax authorities, and makes it much more difficult for a third party (heir, ex-spouse, creditor, etc.) to contest your claim at a later date.

A direct impact on your taxes: TPV or TMP?

Supporting documents, in particular invoices for bullion and bullion coins, are not just a formality: they also have a tax impact.

In France, when reselling precious metals, you can, depending on the case and subject to documentary conditions:

• TPV (capital gains tax), calculated on the actual capital gain, with possible deductions depending on the length of ownership,
• Or TMP (tax on precious metals), calculated on a flat-rate basis on the amount of the sale.

When you are able to present the necessary documents (purchase invoice, clear traceability), it is sometimes possible to choose the system best suited to your situation and, in some cases, more favorable than the TMP.

In fact, it is to encourage traceability and the fight against money laundering that the tax authorities allow this choice, subject to presentation of the appropriate supporting documents.

To put it plainly: by keeping your invoices and agreeing to provide us with the relevant documents, you give yourself the opportunity, when the time comes, to benefit from a potentially more advantageous tax regime.

The same high standards for gold, silver, numismatics, jewelry... and currencies

Whether you are :

• sell jewelry for melting,
• buying or reselling bullion and bullion coins,
• build up or dispose of a numismatic collection,
• or exchange currency at one of our branches,
• the philosophy remains the same: every transaction must be understandable, justifiable and traceable.

The concrete benefits for you:

• a clear history of your operations (investments, arbitrages, sales, foreign exchange transactions) ;
• a better defense in the event of an audit or dispute;
• the possibility, for your precious metals sales, of benefiting from the most appropriate tax regime when the conditions are met.

Your data is not a product: it's protected

We know it's a sensitive question: "What do you do with all these documents? "

At Godot & Fils :

• We only collect what is required by law and regulators;
• Your data is stored in secure systems, for a limited, supervised period of time;
• Only authorized employees have access to it, within the scope of their duties;
• Your information is never resold, and is only passed on to third parties in the event of a legal obligation.

Our documentation requirements have only one objective: to secure your operations, comply with regulations and provide you with better support.

Why choose Godot & Fils?

In a world where you'll find everything from highly supervised professionals to improvised salespeople, the real question is not: "Who will ask me for the least amount of paperwork? "but rather: "Who can I deal with in complete confidence, for my precious metals as well as my currencies? "

Choosing Godot & Fils means :

• Working with a company regulated by both the ACPR and the Customs Authorities;
• Benefit from robust compliance and KYC procedures, to the same exacting standards as financial players;
• Benefit from advice tailored to your profile, thanks to better knowledge of your situation;
• Know that your data is treated seriously and confidentially;
• And, where possible, optimize the tax treatment of your transactions thanks to comprehensive documentation.
• An undemanding intermediary may save you a few minutes, but he leaves you alone to face the legal, tax and asset risks.

On the other hand, by accepting to play the documentation game with Godot & Fils, you are choosing a professional, secure and sustainable framework for all your gold, silver, numismatic, cast-iron jewelry and currency exchange transactions.

Compliance Department