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].

Core Viewpoint - The People's Bank of China has issued the "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing for Precious Metals and Gemstone Practitioners," aimed at preventing money laundering and terrorist financing activities in the industry [1][2]. Group 1: General Provisions - The measures are designed to strengthen and standardize anti-money laundering (AML) efforts in the precious metals and gemstones sector, in accordance with relevant laws [2][3]. - Institutions engaged in cash transactions of 100,000 RMB or more (including 100,000 RMB) must report large transactions to the Anti-Money Laundering Monitoring and Analysis Center within five working days [2][24]. Group 2: Responsibilities of Practitioners - Practitioners must fulfill their AML obligations and cooperate with AML investigations, ensuring confidentiality of customer identity and transaction information [6][5]. - Institutions are required to establish internal controls based on their exposure to money laundering risks and business scale, with higher-risk institutions subject to stricter regulatory measures [12][14]. Group 3: Self-Regulatory Mechanism - The industry is to establish a self-regulatory mechanism for AML, guided by the People's Bank of China, which includes responsibilities such as risk assessment and reporting [7][8]. - Self-regulatory organizations must ensure that their AML staff possess the necessary professional capabilities and ethics [8][10]. Group 4: Customer Due Diligence - Institutions must conduct customer due diligence based on the risk profile of clients, especially for transactions exceeding 100,000 RMB or when there are suspicions of money laundering [15][19]. - Enhanced due diligence measures are required for clients from high-risk jurisdictions or those involved in suspicious activities [20][21]. Group 5: Reporting Obligations - Institutions must submit suspicious transaction reports to the Anti-Money Laundering Monitoring and Analysis Center if they suspect any transactions are related to money laundering, regardless of the amount involved [25][26]. - Customer identity and transaction records must be retained for at least ten years, ensuring they can be traced for AML purposes [27][26]. Group 6: Legal Responsibilities - The People's Bank of China and its branches will impose penalties for violations of the AML measures, including self-regulatory breaches and failure to report suspicious activities [31][33]. - Institutions must take special preventive measures against entities listed in specific sanction lists related to terrorism and money laundering risks [28][29].

近日，中国人民银行发布"中国人民银行关于印发《贵金属和宝石从业机构反洗钱和反恐怖融资管理办 法》的通知(银发〔2025〕124号)"(以下简称《办法》)。其中提到，从业机构开展人民币10万元以上(含 10万元)或者等值外币现金交易的，应当根据《办法》规定履行反洗钱义务。客户单笔或者日累计金额 人民币10万元以上(含10万元)或者等值外币现金交易，从业机构应当勤勉尽责，遵循"了解你的客户"原 则，根据客户特征和交易活动的性质、洗钱风险状况，开展客户尽职调查。客户单笔或者日累计金额人 民币10万元以上(含10万元)或者等值外币现金交易的，从业机构应当按照规定在交易发生之日起5个工 作日内向中国反洗钱监测分析中心提交大额交易报告。《办法》自2025年8月1日起施行。(央视新闻) ...

中国央行《贵金属和宝石从业机构反洗钱和反恐怖融资管理办法》明确，现金买黄金、白银、铂金、钻石、玉石等贵金属和宝石超10万元将需要上报。《办法》自2025年8月1日起正式施行。https://t.co/IxtTNbTa5Q https://t.co/rbqCtLlZNO ...

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, effective from August 1, 2025, to combat money laundering and terrorist financing risks [3][6]. Group 1: Regulatory Framework - The new regulations are part of the "Anti-Money Laundering and Anti-Terrorist Financing Management Measures for Precious Metals and Gemstone Practitioners" [3][6]. - The regulations apply to various institutions involved in precious metals and gemstones, including the Shanghai Gold Exchange and the China Jewelry Association [6]. - The measures aim to establish a systematic regulatory framework to mitigate risks associated with large cash transactions in the precious metals and gemstones market [6]. Group 2: Reporting Requirements - Institutions must report any cash transaction of 100,000 RMB or more within five working days of the transaction [10]. - All suspicious transactions, regardless of amount, must be reported immediately [10]. - Transaction records and customer identity information must be retained for at least ten years [9][10]. Group 3: Risk Management and Compliance - Institutions are required to conduct customer due diligence based on the risk profile of the client before or after transactions [7]. - A risk-based approach will be adopted, with enhanced scrutiny for high-risk institutions and simplified measures for low-risk entities [7]. - Institutions must establish internal controls for anti-money laundering, appoint dedicated personnel, and conduct regular risk assessments [7][8]. Group 4: Legal and Operational Implications - The regulations impose legal responsibilities on regulatory personnel and self-regulatory organizations, with severe penalties for violations [10]. - Group entities must coordinate their anti-money laundering efforts, ensuring compliance across all branches [10].

Core Points - The People's Bank of China has issued new regulations to enhance anti-money laundering (AML) measures for precious metals and gemstones, raising the threshold for reporting large transactions from 50,000 RMB to 100,000 RMB, effective from August 1, 2025 [1][2]. Group 1: Regulatory Changes - The new regulation requires reporting of cash transactions of 100,000 RMB or more, or equivalent foreign currency, within five working days to the Anti-Money Laundering Monitoring and Analysis Center [2]. - The previous threshold for reporting was set at 50,000 RMB or equivalent to 10,000 USD, indicating a significant increase in the reporting limit [2]. Group 2: Institutions Covered - The regulations apply to all institutions engaged in the spot trading of precious metals and gemstones within the People's Republic of China [3][4]. - Various entities, including financial institutions and businesses involved in the sale and pawn of gold and gemstones, are required to comply with the new AML obligations [4]. Group 3: Industry Context - The precious metals trading sector is considered a high-risk area for money laundering and terrorist financing due to large transaction amounts and high liquidity [4]. - The evolving complexity of money laundering techniques necessitates stricter regulations to ensure financial security and stability [4].

Core Viewpoint - The People's Bank of China has issued the "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing for Precious Metals and Gemstone Practitioners," which will take effect on August 1, 2025, enhancing the anti-money laundering regulations in the precious metals and gemstones industry [1][4]. Summary by Relevant Sections Regulatory Changes - The new regulations expand the scope of anti-money laundering obligations to cover the entire supply chain of precious metals and gemstones, including trading, processing, and recycling [8][11]. - The threshold for reporting large transactions has been raised from 50,000 RMB to 100,000 RMB, requiring practitioners to report cash transactions that meet or exceed this amount [4][5]. Compliance Requirements - Practitioners must adhere to the "Know Your Customer" principle, conducting due diligence based on customer characteristics and transaction nature, particularly for transactions of 100,000 RMB or more [4][10]. - Customer identity information must be collected and retained for at least 10 years after the business relationship ends, an increase from the previous 5-year requirement [5][10]. Industry Impact - The regulations are expected to fill existing regulatory gaps in cash transactions within the precious metals sector, which is often associated with high risks of money laundering and terrorist financing [7][9]. - The broad definition of "precious metals and gemstones" includes all aspects of the industry, significantly increasing the number of entities subject to these regulations [8][11]. Reporting Obligations - Practitioners are required to submit suspicious transaction reports if they suspect any connection to money laundering activities, regardless of the transaction amount [10][12]. - The management of large and suspicious transaction reporting may be facilitated through industry associations, which could help streamline compliance for numerous small businesses [11][12]. Recommendations for Implementation - Industry experts suggest that practitioners should enhance their internal controls and compliance systems to meet the new regulatory requirements effectively [12]. - There is a call for increased collaboration with regulatory bodies to improve data sharing and transaction monitoring capabilities [12].

Core Viewpoint - The People's Bank of China has issued a new regulation aimed at preventing money laundering and terrorist financing in the precious metals and gemstones sector, effective from August 1, 2025, requiring institutions to report large cash transactions of 100,000 RMB or more within five working days [1][3]. Group 1: Regulatory Framework - The new regulation establishes a systematic regulatory framework to mitigate risks associated with money laundering and terrorist financing in the precious metals and gemstones market [1]. - Precious metals include gold, silver, platinum, and their various forms, while gemstones refer to natural stones like diamonds and jade [1]. - Institutions involved in precious metals and gemstones trading, such as the Shanghai Gold Exchange and the China Gemstone and Jewelry Trade Association, are required to comply with the new regulations [1]. Group 2: Risk Management and Compliance - The regulation outlines seven characteristics of suspicious transactions, including sudden large transactions from inactive accounts and significant discrepancies in physical inventory [2]. - Institutions must conduct customer due diligence based on the risk profile of the client before or after transactions, especially for cash transactions of 100,000 RMB or more [2][3]. - A risk-based approach is mandated, with enhanced scrutiny for high-risk institutions and simplified measures for low-risk entities [3]. Group 3: Operational Requirements - Institutions are required to establish internal controls for anti-money laundering, appoint dedicated personnel, and conduct regular risk assessments, with a maximum cycle of three years [3]. - Any suspicious transaction, regardless of amount, must be reported immediately, and customer identity and transaction records must be retained for at least ten years [3]. - Special measures are mandated for transactions involving entities on terrorist lists or under UN sanctions, requiring immediate cessation of services and restrictions on fund transfers [3]. Group 4: Legal Accountability - The regulation includes a mechanism for accountability, imposing penalties on regulatory personnel, self-regulatory organization staff, and institutions for violations, with severe cases referred to judicial authorities [4].

Group 1 - The company emphasizes the importance of updating personal identification documents to comply with anti-money laundering regulations and to ensure uninterrupted service for clients [1][2] - Investors are advised to update their personal information, including financial status and investment preferences, to protect their rights [2][3] - The company collects and processes personal information from institutional clients to comply with legal and regulatory requirements [3][4] Group 2 - The company announces a communication method for convening a meeting of fund shareholders to discuss the continuous operation of the Jiutai Yingtai Quantitative Stock Fund due to its net asset value falling below 500 million yuan for 60 consecutive working days [8][54] - The meeting will allow shareholders to vote on the proposal to continue the fund's operation, with voting open from July 4, 2025, to July 30, 2025 [9][14] - Various voting methods are provided, including paper voting, SMS voting, and telephone voting, to facilitate shareholder participation [15][19][21] Group 3 - The company outlines the conditions for the validity of the meeting, requiring that the votes represent at least half of the total fund shares held by shareholders as of the registration date [50] - The company will ensure that the voting process is supervised and notarized to maintain transparency [42][50] - In case the meeting cannot be successfully held, the company may reconvene the meeting within three to six months [51][52]

Core Viewpoint - Agricultural Bank of China is actively engaging with the community to promote anti-money laundering and financial safety awareness, demonstrating its commitment to serving the public and enhancing financial literacy [1][2]. Group 1: Community Engagement - The bank's staff initiated a promotional activity outside a convenience store, showcasing its proactive approach to financial education [1]. - The collaboration with the convenience store owner highlights the bank's strategy to extend its services beyond traditional banking environments [1][2]. Group 2: Financial Literacy Promotion - The promotional materials were designed to be easily understood, making complex financial concepts accessible to the general public [1]. - Residents showed interest and engagement, indicating the effectiveness of the bank's outreach efforts in raising awareness about financial scams [2]. Group 3: Commitment to Social Responsibility - The bank's mission includes serving agriculture, the real economy, and the public, which is reflected in its community-focused initiatives [2]. - The activity exemplifies the bank's dedication to protecting the financial interests of the public and fulfilling its social responsibilities as a state-owned enterprise [2].