央行新规：贵金属宝石10万元以上现金交易须反洗钱，2025年8月1日施行

Core Viewpoint - The People's Bank of China has issued new anti-money laundering and counter-terrorism financing regulations for precious metals and gemstones, effective from August 1, 2025, aimed at establishing a systematic regulatory framework to mitigate risks in the sector [1] Regulatory Scope and Applicable Entities - The new regulations cover a wide range of entities engaged in the spot trading of precious metals and gemstones within China, including members of the Shanghai Gold Exchange, Shanghai Diamond Exchange, and various industry associations [2] - Retailers such as small gold shops and jewelry stores are also required to comply with the anti-money laundering regulations if they engage in relevant spot trading activities [2] - The definition of precious metals includes gold, silver, platinum, and their various forms, while gemstones encompass diamonds, jade, and other natural gemstones [2] Transaction Reporting and Customer Due Diligence Requirements - A clear reporting standard for large transactions has been established, requiring institutions to report cash transactions exceeding RMB 100,000 or equivalent foreign currency within five working days to the Anti-Money Laundering Monitoring and Analysis Center [2] - This reporting threshold has been raised from RMB 50,000 as per previous regulations issued in 2017 [2] - Institutions must adhere to the "Know Your Customer" principle and conduct due diligence in specific situations, including when there are reasonable grounds to suspect money laundering activities [3] - Customer identity verification and transaction purpose understanding are essential components of the due diligence process [3] Information Retention and Reporting of Suspicious Transactions - Institutions are required to maintain a robust information retention mechanism, keeping customer identity data for at least 10 years after the business relationship ends, an extension from the previous 5-year requirement [3] - Any suspicious transactions, regardless of the amount, must be reported promptly to the relevant authorities [3]