Core Viewpoint - The People's Bank of China has issued the "Anti-Money Laundering and Counter-Terrorism Financing Management Measures for Precious Metals and Gemstone Practitioners," which will take effect on August 1, 2025, aiming to enhance regulatory oversight in the precious metals and gemstones sector [1][2]. Group 1: Regulatory Framework - The new measures include a requirement for practitioners to report cash transactions of 100,000 RMB or more, or equivalent foreign currency, and non-cash transactions under specific circumstances [1]. - The threshold for large transaction reporting has been raised from 50,000 RMB to 100,000 RMB, expanding the regulatory scope to include a larger number of precious metals and gemstone retail outlets [1][2]. Group 2: Industry Response - Several banks have issued warnings regarding the risks of money laundering and terrorist financing in the precious metals trading sector, highlighting the high transaction amounts and cash transaction ratios [3]. - Financial institutions, including Shanghai Bank and Huizhou Rural Commercial Bank, have emphasized the need for practitioners to understand and manage the risks associated with precious metals trading [3]. Group 3: Expert Opinions - Industry experts suggest that the new measures are a necessary response to the evolving risks of money laundering and terrorist financing, aligning with international standards and domestic legal requirements [2]. - Analysts note that the trend of money laundering techniques is becoming more specialized and concealed, necessitating ongoing regulatory updates and collaboration among banks and authorities [3].