Hong Kong Customs enforces the Dealers in Precious Metals and Stones Registration Regime and supervises the anti-money laundering and counter-terrorist financing (AML/CTF) conduct of registrants. Meanwhile, Customs strives to create a favourable environment for industry development. To forge closer ties with relevant stakeholders, Hong Kong Customs established the Dealers in Precious Metals and Stones Sector Advisory Group. The inaugural ceremony of the first term of the Advisory Group was held on 6 October 2023, with the presentation of appointment certificates to 18 non-official members from the sector.
The Advisory Group serves as a platform for Hong Kong Customs and the industry to exchange views on the regulatory regime for precious metals and stone dealers. Customs can also keep better tabs on the industry to push ahead with the work of AML/CTF. With the concerted efforts of the Advisory Group members, the implementation of the regime will be smoother, reducing the risk of money laundering and terrorist financing in Hong Kong, thereby strengthening Hong Kong's status as an international financial centre and promoting industry development.
■The Commissioner of Customs and Excise, Ms Louise Ho (front row, centre) pictures with members of the Dealers in Precious Metals and Stones Sector Advisory Group.
