Hong Kong Customs detects case of non-registered precious metals and stones dealer carrying out specified transactions
Hong Kong Customs yesterday (June 11) detected a case involving a local company that conducted transactions of jewellery containing gold and silver 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), 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. 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.
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
Public engagement exercise for feasibility study on proposed Coastal Protection Park at Tsim Bei Tsui, Lau Fau Shan and Pak Nai launched
The Government launched today (June 12) a dedicated webpage for the public engagement exercise on the feasibility study on the proposed Coastal Protection Park (CPP) at Tsim Bei Tsui, Lau Fau Shan and Pak Nai, inviting views from the public and various sectors of the community.
The main functions of the proposed CPP are to conserve the natural coastline and the nearshore mangrove and marsh habitats in these areas; to protect the important coastal ecosystem and biodiversity to serve as the feeding, roosting and breeding habitats for waterbirds and other wetland wildlife; to preserve the natural landscape of Deep Bay coastal areas; to provide opportunities for eco-recreation; and to support the existing pond fish culture and oyster farming.
The Agriculture, Fisheries and Conservation Department commissioned a consultant to take forward the feasibility study on the proposed CPP in December 2024. The feasibility study covers recommendations of the CPP boundaries, baseline reviews, proposed usages, management strategies, conceptual plans and relevant technical feasibility assessments. The feasibility study is expected to be completed by the end of 2026. The consultant will take into account views collected during the public engagement exercise when preparing the final recommendations for submission to the Government.
The public engagement exercise will end on July 31, 2026. During this period, the relevant departments will conduct briefing sessions and meetings with relevant stakeholders to seek their views. Members of the public are welcome to visit the dedicated webpage for the public engagement exercise (www.afcd.gov.hk/english/conservation/con_mar/con_mar_cpp/con_mar_cpp.html) to review the preliminary recommendations under the feasibility study and submit their views by email (myviews_cpp@afcd.gov.hk).
Public engagement exercise for feasibility study on proposed Coastal Protection Park at Tsim Bei Tsui, Lau Fau Shan and Pak Nai launched Source: HKSAR Government Press Releases
