Hong Kong Customs detects case of non-registered precious metals and stones dealer carrying out specified transactions
Hong Kong Customs yesterday (September 10) detected a case involving a local company that conducted transactions of gold 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).
Source: AI-found images
Proposed land resumption for URA development project at Ma Tau Wai Road/Lok Shan Road, Kowloon City, gazetted
The Lands Department (LandsD) today (September 11) announced the proposal for resumption of land for the implementation of the development project by the Urban Renewal Authority at Ma Tau Wai Road/Lok Shan Road, Kowloon City, under the Lands Resumption Ordinance (Chapter 124).
The proposal involves the resumption of 16 private lots with an area of about 1 350 square metres. Details were published in the notice gazetted today. The notice is affixed in a conspicuous place on or near the land proposed to be resumed. A copy of the notice and resumption plan are also available on the LandsD's website (www.landsd.gov.hk/en/resources/gov-notices/acq.html). Members of the public may also inspect the above-mentioned documents at the following government offices during office hours:
- Central and Western Home Affairs Enquiry Centre, G/F, Harbour Building, 38 Pier Road, Central, Hong Kong;
- Kowloon City Home Affairs Enquiry Centre, LG/F, Kowloon City Government Offices, 42 Bailey Street, Hung Hom, Kowloon; and
- District Lands Office, Kowloon West, 4/F, South Tower, West Kowloon Government Offices, 11 Hoi Ting Road, Yau Ma Tei, Kowloon.
The owner, occupier of the land or any person having any right in relation to the land to be resumed, who wishes to object to the proposed resumption, is required to submit a written objection to the Director of Lands. The written objection must sufficiently identify the aforementioned identity of the objector and describe how the objector will be affected by the proposal. Objectors are requested to provide contact details and deliver written objections to the Director of Lands on or before November 10, via one of the following means:
- by post or by hand to the Urban Renewal Section, Lands Department, 15/F, China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong;
- by fax to 2834 0716; or
- by email to KC-020@landsd.gov.hk.
Source: AI-found images
