8月起施行！客户单笔或单日交易黄金超十万元，机构需上报

Core Points - The People's Bank of China has issued the "Management Measures for Anti-Money Laundering and Counter-Terrorist Financing for Precious Metals and Gemstone Practitioners," effective from August 1, 2025 [2][4] - The threshold for reporting large cash transactions has been raised to RMB 100,000 or equivalent foreign currency [4][5] Group 1: Regulatory Framework - The measures require practitioners to fulfill anti-money laundering obligations for cash transactions of RMB 100,000 or more [4][5] - Practitioners must submit large transaction reports to the Anti-Money Laundering Monitoring and Analysis Center within five working days of the transaction [2][6] Group 2: Definition and Scope - The term "practitioners" refers to entities legally engaged in the spot trading of precious metals and gemstones within China [5] - Precious metals include gold, silver, platinum, and their various forms, while gemstones refer to natural stones like diamonds and jade [5] Group 3: Customer Due Diligence - Practitioners are required to conduct customer due diligence based on the "Know Your Customer" principle, especially for transactions exceeding RMB 100,000 [6][8] - Enhanced due diligence is mandated for customers from high-risk jurisdictions or those identified as politically exposed persons [6][8] Group 4: Record Keeping - Customer identity information and due diligence records must be retained for at least ten years after the business relationship ends [7] Group 5: Internal Controls and Risk Management - Practitioners must establish internal controls for anti-money laundering, appoint a dedicated person to oversee compliance, and regularly assess their money laundering risk [8] - The measures allow for simplified internal control requirements for institutions assessed as having a lower risk of money laundering [8]