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PBOC Mandates Reporting for Gold Purchases Over RMB 100,000 in Cash from August 1
1 week ago /
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Author：小编
The People's Bank of China (PBOC) has issued new regulations, requiring that, effective August 1, 2025, institutions must comply with anti-money laundering obligations whenever a customer's single or daily cumulative transaction for the purchase of gold in cash reaches or exceeds RMB 100,000, or its foreign currency equivalent. This entails conducting thorough customer due diligence and submitting large-value transaction reports to the China Anti-Money Laundering Monitoring and Analysis Center within five working days of the transaction. These measures are designed to prevent money laundering and terrorist financing activities, thereby strengthening oversight in the realm of precious metals and gemstone transactions.
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