Go to main content
 
Hong Kong Customs holds inaugural ceremony of second term of Dealers in Precious Metals and Stones Sector Advisory Group (with photos)
******************************************************************************************
     Hong Kong Customs today (October 14) held the inaugural ceremony of the second term of the Dealers in Precious Metals and Stones Sector Advisory Group at the Customs Headquarters Building. The Commissioner of Customs and Excise, Mr Chan Tsz-tat, officiated at the ceremony and presented appointment certificates to 17 non-official members from the precious metals and stone industry.

     The Advisory Group is a non-statutory body comprising official members from Customs and non-official members from the industry, with a view to providing both sides with a platform for exchanging views on the registration regime for precious metals and stone dealers. Customs can also keep better tabs on the industry to push ahead with anti-money laundering and counter-terrorist financing work.

     Mr Chan expressed gratitude to members of the Advisory Group for their continuous support, saying that the regulatory regime for dealers in precious metals and stones has been widely accepted by the industry since its implementation, indicating a mutual commitment to compliance within the industry. Customs will continue to collaborate with the new-term Advisory Group in strengthening the compliance awareness of the industry, combating anti-money laundering and counter-terrorist financing, and propelling Hong Kong into an international gold trading market by establishing a transparent, robust and internationally aligned regulatory system, thereby strengthening Hong Kong's status as an international financial centre.

     According to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), unless exempted, 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. For details on the registration regime, please visit the website (www.drs.customs.gov.hk).
 
Ends/Tuesday, October 14, 2025
Issued at HKT 21:39
NNNN
Archives   Yesterday's Press Releases  
Back to Index Page
Back to top
Today's Press Releases  

Photo

Hong Kong Customs today (October 14) held the inaugural ceremony of the second term of the Dealers in Precious Metals and Stones Sector Advisory Group at the Customs Headquarters Building. Photo shows the Commissioner of Customs and Excise, Mr Chan Tsz-tat, delivering a speech at the ceremony.
Hong Kong Customs today (October 14) held the inaugural ceremony of the second term of the Dealers in Precious Metals and Stones Sector Advisory Group at the Customs Headquarters Building. Photo shows the Commissioner of Customs and Excise, Mr Chan Tsz-tat (left), presenting the appointment certificate to second-term member of the Advisory Group, the President of Hong Kong Jewellery & Jade Manufacturers Association, Mr Sin Nga-yan (right).
Hong Kong Customs today (October 14) held the inaugural ceremony of the second term of the Dealers in Precious Metals and Stones Sector Advisory Group at the Customs Headquarters Building. Photo shows the Commissioner of Customs and Excise, Mr Chan Tsz-tat (front row, centre), and members of the Advisory Group.