STATUTORY AML PRECIOUS METALS REGULATION & SEARCH GUIDE
Hong Kong Customs DPMS Dealers in Precious Metals & Stones Compliance Guide
Authoritative statutory guidance grounded in the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) Part 5B.
01.
Statutory DPMS Registration Framework (Category A vs Category B Classification)
#DPMS
#Precious Metals
#Category A
#Category B
#Cash Threshold
#Cap 615
Under Part 5B of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), any business dealing in precious metals, stones, or jewelry must register with the Commissioner of Customs and Excise. The regime establishes two categories: ① Category A Registration (for dealers carrying out cash transactions under HK$120,000); and ② Category B Registration (authorizing cash transactions of HK$120,000 or above, subject to full AML/CFT supervision and fit and proper vetting). 86hc.com verifies DPMS registration numbers, categories, and validity.
02.
HK$120,000 Cash Transaction Threshold & AML/CFT Compliance Mandates
#HK$120,000
#Cash Transaction
#Customer Due Diligence
#CDD
#Suspicious Transaction
Category B registrants conducting cash transactions of HK$120,000 (~US$15,000) or more must carry out strict Customer Due Diligence (CDD), establish beneficial ownership, maintain transaction records for at least 5 years, and submit Suspicious Transaction Reports (STRs) to the JFIU. Carrying out high-value cash transactions without Category B registration is a criminal offence. 86hc.com provides cross-checks against registered standing.
03.
Customs Enforcement, Unregistered Trading Penalties & Forfeiture Proceedings
#Customs Prosecution
#Unregistered Trading
#Fines
#Forfeiture
#Magistrate Court
Carrying on a precious metals and stones business without registration carries a fine of HK$100,000 and 6 months imprisonment under Section 53ZUD. In cases involving deliberate money laundering, precious stones and bullion are subject to court forfeiture orders. 86hc.com synchronizes Customs prosecution dockets to flag non-compliant dealers.
04.
Companies Registry Official Document Retrieval (Form NAR1 / ND2A Director Filings)
#Company Search
#NAR1
#ND2A
#Annual Return
#CR Filings
#Beneficial Ownership
The corporate constitution, shareholding distribution, and registered addresses of a DPMS dealer are officially recorded with the Hong Kong Companies Registry. 86hc.com provides expedited 15–30 minute retrieval of official registry filings (Form NAR1, Form NNC1, Form ND2A) bearing official receipt stamps and ICRIS anti-counterfeiting barcodes.
05.
Wholesale Bullion Trading, Bank Account Opening & Practising CPA CTC Certification
#Bullion Trading
#Bank Account Opening
#Certified True Copy
#CTC
#Trade Compliance
Wholesale bullion dealers, diamond merchants, and international luxury jewellers require certified proof of DPMS registration for bank account maintenance and customs clearance. 86hc.com coordinates with Hong Kong Practising CPAs to issue Certified True Copies (CTC) recognized by commercial banks and international trade bodies.