{"id":5075,"date":"2024-04-05T16:37:53","date_gmt":"2024-04-05T08:37:53","guid":{"rendered":"https:\/\/reaphk.com\/precious-metals-stones-dealer-license-registration\/"},"modified":"2025-07-03T19:05:20","modified_gmt":"2025-07-03T11:05:20","slug":"precious-metals-stones-dealer-license-registration","status":"publish","type":"post","link":"https:\/\/reaphk.com\/en\/precious-metals-stones-dealer-license-registration\/","title":{"rendered":"Precious Metals & Stones Dealer License Registration"},"content":{"rendered":"\t\t
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Under the amendments to Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance, precious metals and gemstone dealers are required to register to comply with regulatory requirements. Here are some important registration-related information:<\/p>

  1. Scope of Registration: A Dealer in Precious Metals and Stones is an individual or institution that carries out the following activities in the form of a business:<\/strong><\/li><\/ol>

    – Buying, selling, exporting or importing precious metals, precious stones or precious products;<\/p>

    – Production, refining or value-added processing of precious metals, gemstones or precious products;<\/p>

    – issuance, redemption or trading of valuable asset-backed instruments;<\/p>

    – Act as an intermediary for the above activities.<\/p>

    1. Scope of Regulation: The regulatory regime covers four categories of items:<\/strong><\/li><\/ol>

      – Precious metals: gold, silver, platinum, platinum, iridium, aluminum, palladium, rhodium, ruthenium, etc.;<\/p>

      – Gemstones: diamonds, sapphires, rubies, emeralds, jade, pearls, etc., whether natural or man-made;<\/p>

      – Precious products: jewelry or watches composed of precious metals, precious stones, or both;<\/p>

      – Precious asset-backed instruments: Certificates or instruments backed by precious metals, gemstones or precious products, excluding securities, futures, structured products, virtual assets, etc.<\/p>

      1. Registration Category :<\/strong><\/li><\/ol>

        – Category A registrants: conducting non-cash transactions totalling HK$120,000 or more;<\/p>

        – Type B registrants: Cash and non-cash transactions totalling HK$120,000 or more are subject to stricter regulatory requirements.<\/p>

        4. Punishment:<\/strong><\/p>

        – An unregistered person or entity who engages in specified transactions or specified cash transactions, or claims to be a registered person, is liable on conviction to a maximum fine of HK$100,000 and imprisonment for 6 months.<\/p>

        – Non-Hong Kong precious metals and stones dealers who fail to report specified cash transactions are liable on conviction to a maximum fine of HK$50,000 and imprisonment for 3 months.<\/p>

        Non-Hong Kong precious metals and stones dealers have specific responsibilities and requirements to submit a report on cash transactions to the Customs and Excise Department within one day of the transaction.<\/p>

        Hong Kong Customs and<\/a> Excise Department https:\/\/www.drs.customs.gov.hk\/index<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

        Under the amendments to Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance, precious metals and gemstone dealers are required to register to comply with regulatory requirements. Here are some important registration-related information: Scope of Registration: A Dealer in Precious Metals and Stones is an individual or institution that carries out the following activities in the …<\/p>\n","protected":false},"author":4,"featured_media":4596,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-not-categorized"],"_links":{"self":[{"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/posts\/5075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/comments?post=5075"}],"version-history":[{"count":1,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/posts\/5075\/revisions"}],"predecessor-version":[{"id":5076,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/posts\/5075\/revisions\/5076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/media\/4596"}],"wp:attachment":[{"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/media?parent=5075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/categories?post=5075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/tags?post=5075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}