The People's Bank of China issued new regulations on anti-money laundering and counter-terrorism financing for the precious metal and gem industry, effective from August 1, 2025.
MAIN CONTENT
The new regulation expands the subjects and scope of supervision across the entire precious metal and gem industry chain.
The reporting threshold for large transactions has been raised from 50,000 Yuan to 100,000 Yuan.
Practitioners must comply with anti-money laundering obligations, implement controls, and cooperate with investigations.
What are the new regulations from the People's Bank of China regarding anti-money laundering for precious metals and gems?
On June 30, 2025, the People's Bank of China issued the 'Regulations on Anti-Money Laundering and Counter-Terrorism Financing Management for Precious Metal and Gem Organizations', which will take effect from August 1, 2025. This is an important step in strengthening the control of money laundering risks related to this industry.
The regulations were widely consulted from April 3 to April 16, 2025, to refine the legal framework and ensure transparency in precious metal and gem transactions nationwide.
What new points does the regulation have compared to previous standards for anti-money laundering?
The biggest difference in the new regulation is the expanded applicability across the entire precious metal and gem industry with a full value chain, compared to previously focusing only on certain business groups. Additionally, the reporting threshold for large transactions increased from 50,000 to 100,000 Yuan, which helps reduce the burden of unnecessary declaration procedures.
The regulation also specifically outlines cases that require customer due diligence to enhance monitoring quality and prevent financial risks.
The issuance of this regulation not only creates a more transparent standard but also helps enhance the effectiveness of anti-money laundering in the precious metals sector, which has many potential risks.
Tran Hao Phong, Deputy Governor of the People's Bank of China, 2025
Who is subject to these anti-money laundering regulations?
The regulation requires all individuals and organizations conducting spot trading of precious metals and gems within Chinese territory to comply with anti-money laundering obligations. These organizations must fully carry out their responsibilities according to regulations and are subject to inspection, supervision, and cooperation with investigations when required.
This includes precious metal and gem trading stores as well as traders operating legally in the domestic market, aimed at enhancing transparency and minimizing overall financial risks.
Organizations in the precious metal industry must view anti-money laundering responsibilities as an essential part of their business operations to protect legal interests and market reputation.
Li Zhu, Legal Expert in Finance, 2025
How do the new regulations affect business activities in the precious metal and gem industry?
The doubling of the reporting threshold helps businesses reduce the number of manual reports, focusing on genuinely high-risk transactions. However, the expanded scope of applicability and the requirement for customer due diligence mean that organizations need to enhance their internal control systems.
This promotes the improvement of compliance processes, contributing to the reduction of money laundering activities, while protecting consumers and maintaining the stability of the financial market.
Comparison table of new and old regulation criteria
Criteria Old Regulation New Regulation (2025) Scope of Supervision Only certain groups of precious metal businesses The entire precious metal and gem industry chain Reporting threshold for large transactions 50,000 Yuan 100,000 Yuan Applicable subjects Certain organizations All legitimate spot traders within Chinese territory
Frequently Asked Questions
When does the new regulation take effect? The law will take effect on August 1, 2025, after a public consultation period from April 2025. Who must comply with these anti-money laundering regulations? All organizations and individuals participating in spot transactions of precious metals and gems within Chinese territory. By how much has the reporting threshold for large transactions been raised? The threshold has increased from 50,000 Yuan to 100,000 Yuan to reduce administrative procedures. How is customer due diligence regulated? The regulations specify the cases requiring customer due diligence to enhance the effectiveness of anti-money laundering measures. What impact do these regulations have on precious metal stores? They require stores to comply with internal controls and cooperate with investigative authorities regarding anti-money laundering.
Source: https://tintucbitcoin.com/trung-quoc-yeu-cau-bao-cao-mua-vang/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!