Odaily News Recently, the People's Bank of China issued the "Notice of the People's Bank of China on Issuing the "Anti-Money Laundering and Anti-Terrorist Financing Management Measures for Precious Metals and Gemstones Institutions" (Yinfa [2025] No. 124)". It mentioned that if an institution conducts cash transactions of RMB 100,000 or more (including RMB 100,000) or equivalent foreign currency, it shall perform anti-money laundering obligations in accordance with the provisions of the "Measures". For customers' single or daily cumulative cash transactions of RMB 100,000 or more (including RMB 100,000) or equivalent foreign currency, the institution shall be diligent and responsible, follow the KYC principles, and conduct customer due diligence based on customer characteristics, the nature of the transaction activities, and the money laundering risk situation. For customers' single or daily cumulative cash transactions of RMB 100,000 or more (including RMB 100,000) or equivalent foreign currency, the institution shall submit a large transaction report to the China Anti-Money Laundering Monitoring and Analysis Center within 5 working days from the date of the transaction in accordance with regulations. The "Measures" will come into effect on August 1, 2025. (CCTV News)