Hong Kong Customs reminds non-local jewellery exhibitors about statutory requirement to submit cash transaction report under Dealers in Precious Metals and Stones Regulatory Regime
The Hong Kong International Diamond, Gem & Pearl Show is being held at AsiaWorld-Expo from today (March 2) 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 webpage atwww.drs.customs.gov.hkby accessing the Dealers in Precious Metals and Stones Registration System. Details of the submission procedures are set out in the Annex.
Non-Hong Kong dealers can also download the related form atwww.drs.customs.gov.hk/download/drsform/CED418_Form%208_Cash%20transaction%20report.pdfand then submit the completed report by fax at (852) 3568 4395 or in person at the office of the 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 the website (www.customs.gov.hk/en/service-enforcement-information/anti-money-laundering/supervision-of-dealers-in-precious-metals-and-ston/index.html) for more information about the Regime.
Hong Kong Customs, Photo source: reference image
Sydney ETO promotes Hong Kong's energy and cultural vitality at Sydney Lunar New Year Dragon Boat Festival
The Hong Kong Economic and Trade Office, Sydney (Sydney ETO) promoted Hong Kong's energy and cultural vitality at the Sydney Lunar New Year Dragon Boat Festival held in Sydney, Australia, from February 28 to March 1.
Over 2 000 paddlers powered through the waters in thrilling races during the two-day event in Darling Harbour. The Sydney ETO organised a Hong Kong team to compete in the Corporate Category and the Government Industry Challenge on March 1. This year's marquee races included the Hong Kong Talent Cup, Hong Kong Opportunity Cup, Hong Kong Dynamic Cup, and Hong Kong Connect Cup, with medals presented by the Director of the Sydney ETO, Mr Ricky Chong.
During the awards presentation, Mr Chong highlighted the significance of the Sydney Lunar New Year Dragon Boat Festival as a vibrant cultural event in Sydney. He noted that dragon boat racing is a Chinese tradition and sporting event with over 2 000 years of history, which has developed into an international sport that represents teamwork, endurance, and community spirit. He further emphasised the importance of community gatherings during Chinese New Year and the positive role such events play in strengthening Hong Kong-Australia relations.
The Sydney ETO set up a marquee during the Dragon Boat Festival to showcase Hong Kong’s latest developments, major city events, and talent-attraction initiatives, giving visitors a firsthand experience of the city's innovation, culture, and excitement. Souvenirs distributed at the marquee and Hong Kong-themed banners added to the festive atmosphere, highlighting the city's dynamic culture and celebratory spirit.
The Sydney Lunar Festival, organised by the City of Sydney, is one of the largest celebrations of Chinese New Year outside Asia. This year the festival is held from February 14 to March 1, featuring an array of programmes including lion dancing, lantern displays, and cultural performances, as well as jet pack and firework shows.
The Sydney Lunar New Year Dragon Boat Festival, the biggest event of its kind in the southern hemisphere, was a highlight of the Sydney Lunar Festival, attracting tens of thousands of spectators.
The Sydney ETO also displayed Hong Kong-themed street banners with Chinese New Year greetings at major locations across Sydney during the festive period.
Sydney ETO promotes Hong Kong's energy and cultural vitality at Sydney Lunar New Year Dragon Boat Festival Source: HKSAR Government Press Releases
Sydney ETO promotes Hong Kong's energy and cultural vitality at Sydney Lunar New Year Dragon Boat Festival Source: HKSAR Government Press Releases
Sydney ETO promotes Hong Kong's energy and cultural vitality at Sydney Lunar New Year Dragon Boat Festival Source: HKSAR Government Press Releases
Sydney ETO promotes Hong Kong's energy and cultural vitality at Sydney Lunar New Year Dragon Boat Festival Source: HKSAR Government Press Releases
Sydney ETO promotes Hong Kong's energy and cultural vitality at Sydney Lunar New Year Dragon Boat Festival Source: HKSAR Government Press Releases
Sydney ETO promotes Hong Kong's energy and cultural vitality at Sydney Lunar New Year Dragon Boat Festival Source: HKSAR Government Press Releases
Sydney ETO promotes Hong Kong's energy and cultural vitality at Sydney Lunar New Year Dragon Boat Festival Source: HKSAR Government Press Releases
