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Hong Kong Customs Investigates Unregistered HK$120,000 Gold Transaction Amid New Regulatory Regime Enforcement.

HK

Hong Kong Customs Investigates Unregistered HK$120,000 Gold Transaction Amid New Regulatory Regime Enforcement.
HK

HK

Hong Kong Customs Investigates Unregistered HK$120,000 Gold Transaction Amid New Regulatory Regime Enforcement.

2024-12-05 15:00 Last Updated At:15:08

Hong Kong Customs detects case of precious metals and stones dealer carrying out specified transaction without registration

Hong Kong Customs yesterday (December 4) detected a case involving a local company that conducted a gold transaction valued at over HK$120,000 without registration under the Dealers in Precious Metals and Stones Regulatory Regime. The investigation is ongoing.

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 to a maximum fine of HK$100,000 and imprisonment for six months upon conviction.

Hong Kong Customs reminds all dealers that the transitional period for registration under the Regime has ended. Any dealers in precious metals and stones must 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 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

Education Bureau and Hong Kong Geographical Association co-organise National Geography Fun Fair

The Education Bureau held the National Geography Fun Fair today (February 15). The Under Secretary for Education, Dr Sze Chun-fai, officiated at the opening ceremony and presented awards to schools and students who actively participated in the Geography Online Game Platform for Understanding Our Motherland developed by the Education Bureau.

The fun fair was co-organised by the Education Bureau and the Hong Kong Geographical Association, and supported by the Department of Social Sciences and Policy Studies of the Education University of Hong Kong, the Department of Geography of the University of Hong Kong, the Department of Geography and Resource Management of the Chinese University of Hong Kong, and the Department of Geography of the Hong Kong Baptist University.

The fun fair, held at Lok Fu Place, aims to enhance students' and the public's understanding of national geography, as well as the developments and achievements of the country through display boards and booth games, thereby heightening the sense of national identity and national pride.

Speaking at the opening ceremony of the fun fair, Dr Sze pointed out that national geography education is an important element of national education. The study of national geography can help students understand the various geographical situations currently faced by the country and the world, the uniqueness of different regions in the country, and the interrelationships between the country and other nations. It can also assist students to extend their concern for geographical situations from a local and national scale to a global scale, enabling them to become responsible citizens with a global perspective. The opening ceremony also showcased the Education Bureau's continued support and promotion of national geography education.

There were eight booth games and display boards in the fun fair to let students and the public understand the country's administrative divisions, natural environment, the relationship between climate and daily life, exotic animals, tourist attractions, historical sites, energy and sustainable development, etc. The participants were engaged and excited. They said they felt that it was easier to learn about national geography through interaction and games, and that their impressions were more profound.

The Education Bureau will continue to develop learning and teaching resources and organise teacher training and student activities to enhance students' understanding of the country, thereby fostering their sense of belonging, national identification and responsibility towards it.

Education Bureau and Hong Kong Geographical Association co-organise National Geography Fun Fair  Source: HKSAR Government Press Releases

Education Bureau and Hong Kong Geographical Association co-organise National Geography Fun Fair Source: HKSAR Government Press Releases

Education Bureau and Hong Kong Geographical Association co-organise National Geography Fun Fair  Source: HKSAR Government Press Releases

Education Bureau and Hong Kong Geographical Association co-organise National Geography Fun Fair Source: HKSAR Government Press Releases

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