JGW September (Jewellery & & Gem World Hong Kong September) will be held from tomorrow (September 14) to September 18 at AsiaWorld-Expo and from September 16 to September 20 at Hong Kong Convention and Exhibition Centre. Hong Kong Customs advises exhibitors that according to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), unless excused, anyone who is looking for to continue a company of handling rare-earth elements and stones and take part in any deal(s) (whether making or getting a payment) with an overall worth at or above HK$ 120,000 in Hong Kong is needed to sign up with Hong Kong Customs and satisfy his/her anti-money laundering and counter-terrorist funding statutory commitments as suitable. All dealerships in rare-earth elements and stones should effectively acquire a pertinent registration before they can perform any money or non-cash deal(s) with an overall worth at or above HK$ 120,000.

For non-Hong Kong dealerships in rare-earth elements and stones satisfying the proposed conditions (consisting of those who pertain to Hong Kong to take part in exhibits), although they are exempt from registration, they are needed to send to Hong Kong Customs a money deal report for any money deal(s) (whether making or getting a payment) with an overall worth at or above HK$ 120,000 performed in Hong Kong within one day after the deal, or before the dealership or the individual acting upon behalf of the dealership leaves Hong Kong, whichever is previously.

Non-Hong Kong dealerships can make an online submission of a money deal report by means of the Dealers in Precious Metals and Stones Regulatory Regime’s (the Regime) website at www.drs.customs.gov.hk by accessing the Dealers in Precious Metals and Stones Registration System. For information, please describe appropriate treatments.

Non-Hong Kong dealerships can likewise download the associated kind and after that send the finished report by fax at (852) 3568 4395 or personally at the Dealers in Precious Metals and Stones Supervision Bureau throughout workplace hours (Address: Unit 3501, 35/F, Skyline Tower, 39 Wang Kwong Road, Kowloon Bay, Kowloon).

Dealerships can check out pertinent site to find out more about the Regime.