Latest Updates on Hong Kong Anti-Money Laundering Regulations
Updated on 2023/07/20 The Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 was passed by the Legislative Council of Hong Kong in December 2022. The new legislation, including the establishment of a registration regime for Dealers in Precious Metals and Stones (“DPMS”) and a licensing regime for Virtual Asset Services Providers (“VASP”), as well as […]
Guide for HK DPMS: Registration Process, How to Do AML and Useful AML Tools (With Tips on Waiver of Registration Fee)
updated on 30/01/2024 The Hong Kong Legislative Council passed the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 on 7 December 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.The new DPMS registration regime is […]
Hong Kong Registration Regime for Dealers in Precious Metals and Stones (DPMS)
updated on 30/01/2024 On 7 December 2022, Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 in Hong Kong was passed by the Legislative Council, 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 […]
Quick Guide for Filing Semi-annual Return for Precious Stones and Precious Metals Dealers (PSMD) in Singapore
As a regulated Precious Stones and Precious Metals Dealer (PSMD) in Singapore, every six month, you are required to submit semi-annual returns related to your business and transactions. The reporting is due 1 month after the reporting period as follows: Reporting Period Submission Period 1 January to 30 June 1 July to 30 July 1 July to 31 December 1 January to […]