Hong Kong Registration Regime for Dealers in Precious Metals and Stones (DPMS)

HK-Registration-Regime-Dealers-in-Precious-Metals-and-Stones

On 24 June 2022, the Hong Kong Government gazetted the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022, to introduce a registration regime for Dealers in Precious Metals and Stones (DPMS), so as to impose statutory anti-money laundering and counter-terrorist financing (AML/CTF) obligations on DPMS sector.  Following the imposition of AML/CTF regulations on Financial Institutions […]