Core Points - The People's Bank of China has issued a notice regarding the implementation of the "Management Measures for Anti-Money Laundering and Counter-Terrorist Financing for Precious Metals and Gemstone Practitioners" [1] - The measures will take effect from August 1, 2025 [3] Summary by Sections Regulatory Framework - Institutions engaging in cash transactions of 100,000 RMB or more (including 100,000 RMB) or equivalent foreign currency must fulfill anti-money laundering obligations as per the new measures [3] - Institutions are required to conduct customer due diligence based on the "Know Your Customer" principle, considering customer characteristics and the nature of transaction activities [3] Reporting Requirements - For cash transactions of 100,000 RMB or more (including 100,000 RMB) or equivalent foreign currency, institutions must submit a large transaction report to the Anti-Money Laundering Monitoring and Analysis Center within five working days of the transaction [3]
央行重磅通知！8月1日起使用现金买黄金、钻石超10万元或等值外币将需上报
Sou Hu Cai Jing·2025-07-31 07:26