Recently, the People's Bank of China issued a notice on the issuance of the “Administrative Measures on Anti-Money Laundering and Anti-Terrorist Financing for Precious Metals and Gemstone Business Institutions”, which clearly states the following requirements: “Where an institution engages in cash transactions of RMB 100,000 or its equivalent in foreign currency, it shall fulfill its anti-money laundering obligations in accordance with the provisions of these Measures.” “Where a customer makes a single or daily cash transaction with a cumulative daily amount of RMB 100,000 or the equivalent in foreign currency, the agency shall submit a large transaction report to the China Anti-Money Laundering Monitoring and Analysis Center within 5 working days from the date the transaction occurred in accordance with the regulations.” The above “Measures” have been officially implemented since August 1, 2025. The aim is to prevent money laundering and terrorist financing risks in the precious metals and gemstone trading sector through the establishment of a systematic regulatory framework.

Recently, the People's Bank of China issued a notice on the issuance of the “Administrative Measures on Anti-Money Laundering and Anti-Terrorist Financing for Precious Metals and Gemstone Business Institutions”, which clearly states the following requirements: “Where an institution engages in cash transactions of RMB 100,000 or its equivalent in foreign currency, it shall fulfill its anti-money laundering obligations in accordance with the provisions of these Measures.” “Where a customer makes a single or daily cash transaction with a cumulative daily amount of RMB 100,000 or the equivalent in foreign currency, the agency shall submit a large transaction report to the China Anti-Money Laundering Monitoring and Analysis Center within 5 working days from the date the transaction occurred in accordance with the regulations.” The above “Measures” have been officially implemented since August 1, 2025. The aim is to prevent money laundering and terrorist financing risks in the precious metals and gemstone trading sector through the establishment of a systematic regulatory framework.