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Hong Kong Customs reminds non-local exhibitors in jewellery exhibitions about statutory requirement to submit cash transaction report under Dealers in Precious Metals and Stones Regulatory Regime
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     The Jewellery & Gem WORLD Hong Kong is being held at AsiaWorld-Expo from today (September 15) for five consecutive days. Hong Kong Customs reminds the exhibitors that according to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), the Dealers in Precious Metals and Stones Regulatory Regime (the Regime) came into effect on April 1, 2023. Any person who is seeking to carry on a business of dealing in precious metals and stones and engage in any transaction(s) (whether making or receiving a payment) with a total value at or above HK$120,000 in Hong Kong is required to register with Hong Kong Customs and fulfil his/her anti-money laundering and counter-terrorist financing statutory obligations as appropriate. All dealers in precious metals and stones must successfully obtain a relevant registration before they can carry out any cash or non-cash transaction(s) with a total value at or above HK$120,000.

     For non-Hong Kong dealers fulfilling the prescribed conditions (including those who come to Hong Kong to participate in exhibitions), although they are exempt from registration, they are required to submit to Hong Kong Customs a cash transaction report for any cash transaction(s) (whether making or receiving a payment) with a total value at or above HK$120,000 carried out in Hong Kong within one day after the transaction, or before the dealer or the person acting on behalf of the dealer leaves Hong Kong, whichever is earlier.

     Non-Hong Kong dealers can make an online submission of a cash transaction report via the Regime's webpage at www.drs.customs.gov.hk by accessing the Dealers in Precious Metals and Stones Registration System. Details of the submission procedures are set out in the Annex. 

     Non-Hong Kong dealers can also download the related form at www.drs.customs.gov.hk/download/drsform/CED418_Form%208_Cash%20transaction%20report.pdf and then submit the completed report by fax at (852) 3568 4395 or in person at the office of Dealers in Precious Metals and Stones Supervision Bureau of Hong Kong Customs during office hours (Address: Unit 3501, 35/F, Skyline Tower, 39 Wang Kwong Road, Kowloon Bay, Kowloon).

     Dealers can visit the website (www.customs.gov.hk/en/service-enforcement-information/anti-money-laundering/supervision-of-dealers-in-precious-metals-and-ston/index.html) for more information about the Regime.
 
Ends/Monday, September 15, 2025
Issued at HKT 16:53
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