Hong Kong Customs busts unregistered precious metals dealer
Hong Kong Customs has cracked a case involving an unregistered precious metals and stones dealer conducting transactions of HK$120,000 or more. Under anti-money laundering rules, dealers must register with Customs; violations carry penalties of up to HK$100,000 and six months in jail.
Hong Kong Customs has detected a case in which an unregistered dealer in precious metals and stones allegedly carried out specified transactions, the government announced on 30 October 2026.
Under the city's Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615), anyone who intends to engage in a precious metals and stones business in Hong Kong and conduct transactions of HK$120,000 or more — whether receiving or paying funds — must register with Customs. Exempted persons are not subject to this requirement.
Apart from registered persons, any dealer who claims to be registered, claims to be authorised, or conducts any cash or non-cash transaction with a total value of HK$120,000 or more commits an offence. Upon conviction, the maximum penalty is a fine of HK$100,000 and imprisonment for six months.
Customs reminded all precious metals and stones dealers that they must obtain the relevant registration before carrying out any cash or non-cash transaction worth HK$120,000 or more.
Application forms, procedures, and guidance for registration are available on the Dealers in Precious Metals and Stones Registration System website (www.drs.customs.gov.hk) or the Customs website (www.customs.gov.hk).
Members of the public can report suspected unregistered transactions of HK$120,000 or more by calling the Customs 24-hour hotline 182 8080, emailing [email protected], or using the online form at eform.cefs.gov.hk/form/ced002.
