现金买黄金宝石超过10万元需上报，反洗钱监管持续升级中

Core Points - The People's Bank of China has issued the "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing for Precious Metals and Gemstone Practitioners," which outlines the anti-money laundering obligations for practitioners in this sector [1] - The new regulations will take effect on August 1, 2025, and require institutions to establish internal controls, conduct customer due diligence, report large and suspicious transactions, and enhance money laundering risk management [1][2] - The measures highlight the high-risk nature of precious metals and gemstones for money laundering and terrorist financing due to large transaction amounts and high cash transaction ratios [1][2] Summary by Sections Regulatory Framework - The regulations apply to traders engaged in the spot trading of precious metals and gemstones within China, including gold, silver, platinum, diamonds, and jade [2] - Even small-scale or ancillary businesses involved in precious metals and gemstones must comply with anti-money laundering obligations [2] Customer Due Diligence - Institutions are required to complete customer due diligence before or after transactions, especially when transaction amounts reach 100,000 yuan or there are reasonable suspicions of money laundering [2] - A risk-based approach will be adopted, with heightened scrutiny for high-risk institutions and simplified procedures for low-risk entities [2] Operational Requirements - Institutions must establish a comprehensive anti-money laundering management system, appoint dedicated personnel, and conduct regular money laundering risk assessments, with a maximum assessment cycle of three years [2] - Customer identity information and transaction records must be retained for at least ten years, and services must be halted for entities on terrorist lists or UN sanctions [3] Legal Accountability - A mechanism for accountability is established for regulatory personnel, self-regulatory organization staff, and practitioners, with severe violations potentially leading to judicial referral [3]