Hong Kong Customs reminds non-local watch exhibitors about statutory requirement to submit cash transaction report under Dealers in Precious Metals and Stones Regulatory Regime

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The Hong Kong Watch & Clock Fair is being held at the Hong Kong Convention and Exhibition Centre from today (September 1) for five consecutive days. Hong Kong Customs reminds exhibitors that 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 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 Dealers in Precious Metals and Stones Regulatory Regime's (the Regime) webpage at www.drs.customs.gov.hk by accessing the Dealers in Precious Metals and Stones Registration System. For details, please refer to relevant procedures.

     Non-Hong Kong dealers can also download the related form 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 during office hours (Address: Unit 3501, 35/F, Skyline Tower, 39 Wang Kwong Road, Kowloon Bay, Kowloon).

     Dealers can visit relevant website for more information about the Regime.

Ends/Tuesday, September 1, 2026
Issued at HKT 11:00

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