反洗钱剑指黄金珠宝，现金交易超10万将上报

Core Viewpoint - The People's Bank of China has implemented new regulations to enhance anti-money laundering measures in the precious metals and gemstones sector, effective from August 1, raising the cash transaction reporting threshold to 100,000 yuan [2][4]. Regulatory Changes - The new regulations require that any cash transaction of 100,000 yuan or more in precious metals and gemstones must be reported to the Anti-Money Laundering Monitoring and Analysis Center [2][4]. - The scope of regulation has expanded to include all entities engaged in the trading of precious metals and gemstones, such as small merchants and wholesalers, even if these activities are secondary to their main business [4][8]. Customer Due Diligence - The customer due diligence (CDD) mechanism has been upgraded, mandating investigations for transactions over 100,000 yuan or if there are reasonable suspicions of money laundering or identity verification issues [5]. Record Keeping and Reporting - The requirements for record-keeping and reporting have been strengthened, with the retention period for customer identity and transaction information extended from five years to ten years [6][8]. Comparison with Previous Regulations - The new regulations have a significantly enhanced anti-money laundering focus compared to previous guidelines, which set the cash transaction reporting threshold at 50,000 yuan [3][8]. - The previous regulations only required reporting for cash transactions of 50,000 yuan or more, while the new regulations encompass the entire supply chain of precious metals and gemstones [8]. Context of Money Laundering - There has been a notable increase in cases of money laundering involving gold and jewelry, particularly in relation to telecom fraud [9]. - Recent law enforcement actions have highlighted the use of gold purchases to "clean" illicit funds, indicating a pressing need for stricter regulations [10].