Hong Kong Customs Arrests Director of Unregistered Jewellery Company Over HK$120,000 Transaction, Emphasizes Registration Compliance for Dealers in Precious Metals and Stones.
Hong Kong Customs yesterday (July 9) detected a case involving a local company that conducted a jewellery transaction with a total value exceeding HK$120,000 without being registered under the Dealers in Precious Metals and Stones Regulatory Regime. The sole director of the company was arrested.
The investigation is ongoing. The arrested person has been released on bail pending further investigation.
According to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), 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 in Hong Kong 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 the Commissioner of Customs and Excise. Any dealer, other than a registrant, who claims to be a registrant, claims to be authorised to carry out, or carries out any cash or non-cash transaction(s) with a total value at or above HK$120,000 is liable, upon conviction, to a maximum fine of HK$100,000 and imprisonment for six months.
Hong Kong Customs reminds all dealers in precious metals and stones that the transitional period for registration under the Regime has ended. Any dealer who submits their applications for registration from January 1, 2024, onwards must successfully obtain the 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 the forms, procedures and guidelines to submit applications for registration, please visit the website for Dealers in Precious Metals and Stones Registration System (www.drs.customs.gov.hk) or Hong Kong Customs' webpage (www.customs.gov.hk/en/service-enforcement-information/anti-money-laundering/supervision-of-dealers-in-precious-metals-and-ston/index.html).
Members of the public may report any suspected transactions involving precious metals and stones with a total value at or above HK$120,000 conducted without the required registration to Customs' 24-hour hotline 2545 6182 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).
Source: AI-generated images
SCST continues visit to Beijing
The Secretary for Culture, Sports and Tourism, Miss Rosanna Law, and some members of her delegation, continued their visit in Beijing today (April 3). They called on the Ministry of Culture and Tourism, and the China Film Administration.
Miss Law visited "Ancient China" exhibition at the National Museum of China in the morning. Then, she met with the Vice Minister of the Ministry of Culture and Tourism Mr Gao Zheng, and briefed Mr Gao on the preparations for the Asia Cultural Co-Operation Forum 2025. The forum will be held on April 22 and 23 with the theme of "Connect, Create, Engage: Bridging Cultures for all". Miss Law thanked Mr Gao for taking the time to lead the delegation to Hong Kong to participate and was very encouraged by the support of the Ministry of Culture and Tourism and hoped that the forum would become an important platform for promoting cultural co-operation in the Asian regions. Miss Law also said that the National Museum of China showed an example of how to enrich the content of Hong Kong's museums and enhance the museum experience for citizens and visitors to Hong Kong. Mr Gao said that the National Museum of China will fully support and provide professional guidance for the Government of the Hong Kong Special Administrative Region to establish a museum to introduce the country's development and achievements and to prepare exhibitions related to the 80th anniversary of the victory of the Anti-Japanese War.
In the afternoon, Miss Law met with the Executive Deputy Director-General of the China Film Administration Mr Mao Yu. She sincerely thanked the Central Government for its strong support to Hong Kong and expanded the liberalisation measures to Hong Kong's film industry under the framework of the Agreement on Trade in Services of Mainland and Hong Kong Closer Economic Partnership Arrangement, which has facilitated the Hong Kong film industry entering into the Mainland market. Mr Mao said that there are many outstanding young film talents in Hong Kong, and they can be given more opportunities to develop and participate in film-related activities in the Mainland to broaden their horizons. Miss Law hoped to work with the China Film Administration in the future to promote in-depth exchanges between the film industries of the two places, and jointly foster the high-quality development of Hong Kong and Chinese film industries.
Miss Law also visited the Hall of Honor of the Training Center of the General Administration of Sport of China and was briefed by the Director of the Training Center of the General Administration of Sport of China, Mr Yang Xinli. Through introducing the stories behind the photos and exhibits, Miss Law learnt about the spirit of resilience and perseverance of the national athletes, as well as their struggles to win honours for the country. Miss Law said these touching stories not only demonstrated the country's significant achievements in sports, but also embodied the national spirit of unity and progress, which are good examples for Hong Kong athletes to learn from.
Miss Law will return to Hong Kong tomorrow (April 4) noon.
SCST continues visit to Beijing Source: HKSAR Government Press Releases
SCST continues visit to Beijing Source: HKSAR Government Press Releases
SCST continues visit to Beijing Source: HKSAR Government Press Releases
SCST continues visit to Beijing Source: HKSAR Government Press Releases
