8月1日实行！现金买黄金钻石超10万元需上报

Core Viewpoint - The People's Bank of China has introduced new regulations requiring reporting of cash transactions exceeding 100,000 RMB or equivalent foreign currency in the gold and diamond sectors to combat money laundering and terrorist financing [1][2]. Group 1: Regulatory Framework - The newly released "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing in Precious Metals and Gemstone Industries" mandates that institutions must report large cash transactions within five working days [1]. - The regulations will take effect on August 1, 2025, and are aimed at enhancing the anti-money laundering framework in the precious metals and gemstones sector [1][2]. Group 2: Industry Characteristics - Precious metals trading is considered a high-risk area for money laundering due to its large transaction amounts and strong liquidity [2]. - The term "precious metals" includes gold, silver, platinum, and their various forms, while "gemstones" refers to natural stones like diamonds and jade [2]. Group 3: Compliance Obligations - Institutions must conduct customer due diligence based on the risk profile of clients, especially for cash transactions exceeding 100,000 RMB [3]. - Enhanced due diligence is required when there are reasonable grounds to suspect money laundering activities or doubts about the authenticity of customer identity information [3].