重磅新规，8月1日起施行！

Core Viewpoint - Starting from August 1, 2025, cash transactions exceeding 100,000 RMB for purchasing gold, diamonds, or jade must be reported, as per the new anti-money laundering regulations issued by the People's Bank of China [2][3]. Group 1: Regulatory Framework - The new regulations aim to establish a systematic regulatory framework to prevent money laundering and terrorist financing risks in the precious metals and gemstones trading sector [3][4]. - The regulations require that institutions must submit large transaction reports within five working days for cash transactions of 100,000 RMB or more [3][29]. - Customer identity information must be retained for at least 10 years after the business relationship ends or after the transaction is completed [6][32]. Group 2: Compliance Obligations - Institutions are required to conduct customer due diligence based on the risk status of the customer before or after transactions [5][20]. - If customers refuse to cooperate with due diligence measures, institutions can restrict or terminate transactions and report suspicious activities [6][24]. - Institutions must maintain confidentiality regarding customer identity and transaction information obtained during anti-money laundering efforts [10]. Group 3: Risk Management - Institutions must assess their money laundering risk and establish internal controls accordingly, with simplified requirements for those assessed as lower risk [16][19]. - Regular evaluations of money laundering risks must be conducted, with a maximum cycle of three years [19]. - Enhanced due diligence measures are required for customers or transactions from high-risk countries or involving politically exposed persons [25][26]. Group 4: Reporting Requirements - Institutions must report large transactions exceeding 100,000 RMB to the Anti-Money Laundering Monitoring and Analysis Center within five working days [29]. - Any suspicion of money laundering activities must also be reported, regardless of the transaction amount [30]. - The specific formats and requirements for reporting large and suspicious transactions will be defined by the Anti-Money Laundering Monitoring and Analysis Center [30][31].