Hong Kong Customs detects case involving precious metals and stones dealer carrying out specified cash transaction without Category B registration
Hong Kong Customs yesterday (May 20) detected a case involving a local company that conducted a cash transaction of gold jewellery valued at over HK$120,000, while not being a Category B registrant under the Dealers in Precious Metals and Stones Regulatory Regime. An investigation is ongoing.
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.
In particular, no person other than a Category B registrant may carry out a cash transaction with a total value at or above HK$120,000 in the course of business of dealing in precious metals and stones. Any dealer who is not a Category B registrant but who claims to be a Category B registrant, claims to be authorised to carry out, or carries out any cash transaction(s) with a total value at or above HK$120,000, commits an offence and is liable on conviction to a maximum fine of HK$100,000 and imprisonment for six months.
Customs reminds dealers in precious metals and stones that they 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 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).
Hong Kong Customs, Photo source: reference image
Mainland, Hong Kong and Macao hold 2026 civil aviation high-level air traffic management meeting in Xi'an
The Director-General of Civil Aviation of Hong Kong, Mr Victor Liu, together with the President of the Civil Aviation Authority of the Macao Special Administrative Region, Mr Stanley Pun, attended the Mainland, Hong Kong and Macao 2026 civil aviation high-level air traffic management meeting in Xi'an yesterday (May 20). The Director-General of the Air Traffic Management Bureau (ATMB) of the Civil Aviation Administration of China (CAAC), Mr Miao Xuan, joined the meeting via video conferencing.
The senior management of the three parties reviewed the overall progress and work plan of the Airspace Management Technical Sub-group and the Air Traffic Flow Management (ATFM) Technical Sub-group, including work progress and achievements in airspace optimisation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the ATFM in the Asia-Pacific region.
With regard to airspace management, the Tripartite Working Group (TWG) discussed and agreed that the results of the airspace simulation model would be conducive to the implementation of various airspace optimisation plans to enhance the operational efficiency of flights operating in the GBA airspace.
For the ATFM, the TWG continued to strengthen its collaboration on information exchanges. Amongst other matters, the TWG is proactively working on the establishment and connection of air traffic flow management systems to further improve the efficiency of information exchanges towards an intelligent and granular air traffic flow management.
To enhance flight safety, the TWG also explored and agreed to share the signals of various ground navigation infrastructure facilities in the GBA. With the additional ground signal sources, even in the event of global satellite navigation system interference, reliable navigation signal coverage could still be ascertained through ground navigation facilities to assist flight navigation.
Mr Liu said at the meeting that the TWG was advancing various enhancement measures in phases. With the full support of the ATMB of the CAAC, the Civil Aviation Department will continue to actively promote these works to fully seize the valuable opportunities brought by the National 15th Five-Year Plan to maintain Hong Kong's world-class air transport system and enhance Hong Kong's status as an international aviation hub.
Mr Liu continued his itinerary in Xi'an today (May 21). He paid a visit to Xi'an Xianyang International Airport in the morning before departing for Hong Kong in the afternoon.
The Mainland, Hong Kong and Macao 2026 civil aviation high-level air traffic management meeting was held in Xi'an yesterday (May 20). Source: HKSAR Government Press Releases
