1. Which businesses need to evaluate Hong Kong DPMS registration
jewelry、Diamond and Gemstone Retail
Selling or acquiring diamonds、sapphire、ruby、Emerald、jade、Pearls and Related Jewelry，and receive or pay amounts reaching the legal threshold in Hong Kong，Typically required to assess DPMS registration。
gold、Silver and Precious Metals Trading
Operating funds、silver、Platinum and Iridium、osmium、palladium、rhodium、Trading of precious metals such as ruthenium、wholesale、import、exit、Refining or value-added processing，may fall within the regulatory scope。
Precious metal jewelry and watch dealers
Made of precious metals or gemstones、Jewelry and timepieces containing or containing precious metals or gemstones are valuable products；physical store、Exhibition、Both appointment sales and online transactions should review the transaction threshold。
manufacture、Refining and processing companies
jewelry manufacturing、Precious metal refining、mosaic、Change model、Polishing and other value-added work，As long as it is conducted in a business manner and involves transactions that meet the threshold，Registration may also be required。
wholesale、Import, export and intermediary
Precious metals and gemstone wholesalers、importer、exporter、Broker、Auction or trading agency，and issuance、Businesses that redeem or buy or sell valuable asset-backed instruments，All must be judged based on actual trading patterns。
2. How to choose between DPMS Class A and Class B registration
| Compare items | Class A registration | Class B registration |
|---|---|---|
| Applicable transactions | Only conduct specified non-cash transactions with a total value of HK$120,000 or above | Intending to conduct cash transactions with a total value of HK$120,000 or above，And can conduct non-cash transactions that meet the threshold at the same time |
| Payment method | bank transfer、credit card、Cheque、Non-cash methods such as e-wallets | Involving cash receipts or payments；Non-cash transactions that meet the threshold are also possible |
| Fit and proper review | Category B fitness and fitness test generally does not apply | sole proprietor、Partner、Relevant persons such as directors and ultimate owners must undergo a fit and proper review |
| AML/CFT supervision | Not authorized to carry out specified cash transactions，Still subject to applicable sanctions and general legal obligations such as suspicious transaction reporting | Customer due diligence subject to Schedule 2 of the Anti-Money Laundering Ordinance、Continuous monitoring、Recordkeeping and other AML/CFT requirements |
| Registration fee | Application fee HK$260；HKD 195 per year thereafter to maintain registration | Application fee HK$1,970，In addition, HKD 650 will be charged to each person subject to the fit and proper examination. |
| Validity period and renewal | Pay annual fees on time and continue to meet conditions | Generally valid for three years；Renewal fee HK$1,060，An additional HKD 650 will be charged for each person subject to the fit and proper examination. |
3. regulated items、Transactions and the HKD 120,000 threshold
Regulated precious metals
Includes gold in finished or unfinished state、silver、Platinum，and iridium、osmium、palladium、Rhodium or ruthenium。bullion、silver bullion、Raw materials and precious metal products that meet the definition must be judged based on actual business。
regulated gemstones
including diamonds、sapphire、ruby、Emerald、jade or pearls，natural or not。Lab-grown diamonds and man-made gemstones cannot be excluded simply because they are not naturally formed.。
Valuable products and support tools
Made of precious metals or gemstones、Jewelry or timepieces containing or accompanied by related materials are valuable products；Certificates or instruments that entitle the holder to acquire valuable assets may also be regulated，However, there are other exclusions in the law。
Combined calculation of single and related transactions
12The HKD 10,000 threshold applies to both single transactions，Also applies to multiple operations that are related or appear to be related.。Split the order、installment、Payment from different stores or payment from related parties，None of them circumvent the registration requirement。
Both payments and collections must be considered
Thresholds apply to payments made or received by traders in Hong Kong，and include equivalent amounts in other currencies。Is it cash?、Non-cash or mixed payment，Should be judged based on the complete capital flow of each transaction。
4. Hong Kong DPMS registration application process
Business and transaction threshold assessment
Sort out product categories、Trading and processing activities、Payment method、Customer type、trading place、Amount of single and related transactions，Determine whether registration is required and whether you should apply for Category A or Category B。
Prepare Hong Kong application body
Confirm that the applicant holds a valid Hong Kong Business Registration Certificate or applicable hawker license，Organize company registration、Charter、Equity、director、Ultimate owner and all business premises information。
Planning venues and branch arrangements
Identify face-to-face transactions、business management、The location where transactions are processed and files or data are stored；The same legal entity generally applies for one registration，And declare all business premises and branches。
Establish a Class B AML/CFT system
If you apply for Category B，Complete organizational risk assessment、Customer due diligence、Continuous monitoring、Sanctions Screening、suspicious transaction report、record keeping、Staff training and independent review system。
Complete appropriate candidate materials
Be a sole proprietor subject to review、Partner、director、Preparation of identity of ultimate owners and relevant corporations、Resume、Integrity、financial condition、Statements and certifications such as criminal and disciplinary records。
Submit application and pay fees
Submit the form through the Precious Metals and Gemstone Dealers Registration System or a method accepted by Customs、Business description、Premises and Controller Documents，And pay application and suitable candidate review fees according to category。
Respond to customs inquiries and reviews
Supplementary business、trade、Personnel and AML/CFT Evidence；Category B applicants should be prepared to describe the client process、risk score、Cash transaction control、Reporting mechanism and actual execution capabilities。
Approved Displays and Ongoing Compliance
Prominently display the certificate at main business locations and face-to-face trading branches，Online operators provide registration status verification methods specified by the customs，and pay on time、Renewal and change of application information。
5. DPMS registration application document list
| File category | main information | Prepare key points |
|---|---|---|
| Application main document | Certificate of company registration、Business registration certificate、Articles of association or valid hawker license | Applicant name、registration number、Business activities and addresses remain consistent |
| Equity and Control Structure | Group structure chart、Register of shareholders、Information on ultimate owners and intermediate holding entities | traceable to the ultimate natural owner，and explain control and funding sources. |
| Directors and officers | Proof of identity、Proof of address、Resume、Position、Authorization and Responsibilities Statement | Category B must identify all suitable candidates for review and fully disclose their backgrounds |
| Description of business activities | Product Category、supply chain、client、sales channels、import and export、Manufacturing or intermediary arrangements | Specify regulated items、Transaction process and revenue model |
| Transactions and Fund Flow | Order、Collection and payment process、Account、cash policy、Refund and related transaction identification methods | Prove that Category A does not conduct specified cash transactions，or Category B has established cash transaction controls |
| Business premises information | principal place of business、branch、office、warehousing、Record keeping and online business information | List the purpose of each location、Occupancy rights and whether to conduct face-to-face transactions |
| AML/CFT files | Institutional Risk Assessment、Compliance Manual、CDD、Continuous monitoring、STR and Recording Policy | Type B system must correspond to precious metals、gem、cash、Cross-border、Trading and high-value customer risks |
| System and execution evidence | customer form、risk score、Screening records、Transaction monitoring、Training and management report samples | policy and practical systems、Personnel responsibilities and business processes should be consistent with each other |
6. DPMS registration fee、Deadlines and legal obligations
| project | Current requirements | Compliance Tips |
|---|---|---|
| Class A first registration | Application fee HK$260 | Fees are generally non-refundable；After approval, annual fees must be paid on time |
| Class A annual fee | HKD 195 per year | Pay attention to customs payment notices and deadlines，Avoid affecting registration status |
| Class B first registration | Application fee HK$1,970，In addition, HKD 650 will be charged to each person subject to the fit and proper examination. | The number of people examined depends on the applicant’s legal form、director、Partner and ultimate owner structure |
| Class B validity period | The registration certificate is generally valid for three years | Time should be reserved before expiry to prepare for renewal、Suitable candidates and latest AML/CFT information |
| Class B renewal | Renewal fee HK$1,060，In addition, HKD 650 will be charged to each person subject to the fit and proper examination. | All application and related fees are generally non-refundable regardless of the outcome. |
| Certificate display | The corresponding certificates must be prominently displayed at the main business locations and face-to-face trading branches. | Online or electronic channel operators must provide registration status verification methods specified by the customs |
| Data changes | Notify Hong Kong Customs in writing within one month after any change in registration information | director、ultimate owner、address、Changes in branch and business information should be evaluated in a timely manner |
| Penalties for operating without registration | The maximum penalty is a fine of HK$100,000 and imprisonment for six months. | Before obtaining the corresponding registration，You should not engage in or claim to be authorized to engage in transactions that meet the thresholds |
Fees and regulatory arrangements may be adjusted，Before formal submission, please refer to the Hong Kong Customs and current laws and regulations.。
7. AML/CFT core regime for Class B DPMS
Assess customers based on risk、product、Country or region、Delivery channel、cash、trading、Agent and gem source risks，and have senior management approve and regularly update the organization's risk assessment。
Before establishing a business relationship involving specified cash transactions or conducting incidental specified cash transactions，Identify and verify customers、Identity of beneficial owner and representative，and understand the purpose and nature of the relationship。
Continuously monitor clients and transactions，Identify split orders、Third party payment、Abnormal discount、high risk countries、Assets of unknown origin、Frequent repurchases and trading patterns inconsistent with customer background。
to politicians、high risk customers、complex ownership、Non-face-to-face transactions and high-risk countries or regions adopt enhanced due diligence，And record the judgment on the source of funds and wealth。
impose United Nations sanctions、terrorist、Proliferation Financing and Other Applicable List Screening，Create hit upgrade、Freeze or reject transactions、Legal evaluation and management approval process。
Centralized evaluation of internal suspicious activity reports by the Money Laundering Reporting Officer，and submit a suspicious transaction report to the Joint Financial Intelligence Unit as soon as possible if there is reasonable suspicion，Avoid tipping off customers。
Customer due diligence and transaction records are generally kept for at least five years，Ensure that every transaction can be reconstructed in a timely manner during customs inspection、Payment、assets、Customers and Approval Process。
Designation of management-level compliance officers and senior staff as money laundering reporting officers，Conduct employee screening、Regular training、independent review、Defect rectification and board supervision。
8. Ongoing compliance and change management after approval
Prominently display the registration certificate or branch certificate at the main business location and each face-to-face trading branch，and ensure that the website or electronic channel can verify the registration status。
Establish a Class A annual payment and Class B three-year renewal calendar，Update business in advance、Equity、personnel、place、Transaction and AML/CFT information，Avoid rushing to replace parts before expiration。
Pre-assessment declaration and branch certificate arrangement for new branches or temporary booths；Although the same company only holds one registration，All business premises information must still be provided to Customs。
Notify the Customs in writing within one month after the registration information changes；Plan to suspend business、When cessation of specified transactions or cessation of specified cash transactions，Notification should be completed before the scheduled date。
Category A traders are not allowed to receive or pay cash that meets the threshold。If the business plan introduces large cash transactions，Class B registration and AML/CFT preparation should be completed first。
Category B traders should continue to conduct customer reviews、Transaction monitoring、Sanctions Screening、STR、training、Record keeping and independent review，and retain evidence of management oversight。
Business adds valuable asset support tools、auction、intermediary、online sales、When cross-border settlement or new payment methods，Reassessing DPMS and other financial regulatory boundaries。
9. DPMS registration services provided by Hong Kong Huitong
Registration scope and category judgment
Analyze products、trade、Payment method、Related operations and cross-border arrangements，Determine whether the threshold of HK$120,000 is triggered，and form category A、Category B or exemption path recommendations。
Hong Kong entities and business premises
Assistance in setting up or organizing a Hong Kong company、Business registration、Equity and ultimate owner structure，Plan your main business location、branch、warehousing、Backend and online business information。
Appropriate person review materials
Identifying directors involved in Category B applications、Partner、ultimate owner and corporation，Prepare resume、Integrity、Financial and background statements，Create a consistent catalog of evidence。
AML/CFT systems and forms
By precious metals、gem、jewelry、Cash and trade risk preparation organizational risk assessment、Compliance Manual、CDD form、Transaction Monitoring Rules、STR and record keeping procedures。
Submit application and communicate with customs
Coordination form、Business description、place、People and systems certification，Assist in responding to Hong Kong Customs' supplementary documents、Inquiry、Interview or compliance competency review。
approved、Renewal and ongoing maintenance
Support certificate display、annual fee、Class B renewal、Data changes、branch、training、independent review、Regulatory inspections and annual updates to the AML/CFT system。
10. Common misunderstandings and risk reminders about DPMS registration
DPMS is the statutory registration system of Hong Kong Customs，It should not be generally called a general commercial license。Company Registration Certificate or Business Registration Certificate cannot replace Type A or Type B DPMS registration。
12The HKD 10,000 threshold does not only depend on a single invoice。Multiple transactions that are related or appear to be related must be judged together.，Deliberate splitting of orders cannot circumvent registration and customer due diligence obligations。
Class A is not a simplified cash license for Class B。Category A registrants are not allowed to conduct cash transactions exceeding the threshold of HK$120,000；Companies that are ready to accept large amounts of cash should first apply for Category B。
online store、Door-to-door sales or no physical stores are not exempt from registration.。As long as you operate relevant businesses in Hong Kong and conduct transactions that meet the threshold，Still need to be evaluated based on actual circumstances。
Category B applications cannot submit only one general AML manual。The system must correspond to the company’s products、cash、client、nation、Channels and deal flow，and demonstrate that people and systems can actually perform。
Some financial institutions regulated by the Anti-Money Laundering Regulations、Statutory exemptions may apply to authorized institutions and pawnbrokers，However, group subsidiaries or non-incidental businesses will not automatically inherit the exemption.。
11. Hong Kong Precious Metals and Gemstone Dealer Registration Frequently Asked Questions
DPMS is the abbreviation of Dealers in Precious Metals and Stones。Hong Kong will implement a precious metals and gemstone dealer registration system in accordance with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615) from April 1, 2023，Registration is carried out by Hong Kong Customs and Excise Department、Enforce and monitor AML/CFT compliance of Class B registrants。
Unless a statutory exemption applies，Any person who carries on business in precious metals in Hong Kong、gem、Valuable products or valuable asset support tools，and conduct specified transactions or specified cash transactions with a total value of HK$120,000 or more，Appropriate registration must be obtained before trading。Thresholds include equivalent amounts in other currencies。
Category A is for traders who only conduct non-cash transactions reaching a threshold of HK$120,000。Category B is for traders who intend to conduct cash transactions that meet the threshold，And can conduct non-cash transactions that meet the threshold at the same time；Category B is subject to fit and proper review and customer due diligence、AML/CFT obligations such as ongoing monitoring and record keeping。
The threshold applies both to a single operation，Also applies to multiple operations that are related or appear to be related.；Paying or receiving money is included in the judgment。Legal definitions of cash transactions and non-cash transactions are different，Should be analyzed in conjunction with the entire transaction and payment mix，Instead of just looking at a single receipt。
Hong Kong Customs FAQ on Credit Cards、bank transfer、Checks and e-wallets are listed as examples of non-cash payments。Only non-cash transactions that meet the threshold can be considered Category A；As long as a cash transaction is proposed that meets the threshold，You must apply for Category B。
precious metals including gold、silver、Platinum、iridium、osmium、palladium、Rhodium and Ruthenium；gemstones including diamonds、sapphire、ruby、Emerald、Jade and Pearls，natural or not。Made of related precious metals or gemstones、Jewelry or timepieces containing or accompanied by related materials，and valuable asset-backed instruments that meet the definition may also be subject to regulation。
may be needed。Hong Kong Customs clearly stated that，Door-to-door sales or purely online stores even physical stores without face-to-face transactions，As long as you hold a valid business registration and operate relevant business in Hong Kong、Make transactions that meet the threshold，You should still apply for the corresponding registration。After being approved, online operators must also provide specified registration status verification methods.。
The same legal entity generally applies for one registration，However, all precious metal and gemstone business premises must be declared to the Customs。Display of registration certificate at principal place of business，Branches conducting face-to-face transactions must display the corresponding branch certificate；Applicable notices should be completed before adding a new branch or temporary booth.。
Specific objects depend on the applicant’s legal form，Generally can include sole proprietors、Partner、Directors and ultimate owners，Corporate partners or corporate directors may also be involved in corresponding reporting。Customs will consider integrity、conviction、discipline、Bankruptcy and other suitability-related information。
Core measures include institutional risk assessment、Customer and beneficial owner identification and verification、Continuous monitoring、Enhance due diligence、Sanctions Screening、suspicious transaction report、record keeping、staff training、independent review，and Designated Compliance Officer and Money Laundering Reporting Officer。The system must match actual cash and valuable asset operations。
Category B registrants should keep customer due diligence and transaction records in accordance with laws and Hong Kong Customs guidelines，Usually at least five years。Records should be sufficient to reconstruct the transaction，And can provide customers with timely information during regulatory inspections、beneficial owner、Payment、goods、Approval and suspicious activity investigation information。
Current information from Hong Kong Customs and Excise Department，The application fee for Category A is HK$260，HKD 195 per year thereafter；The application fee for Category B is HK$1,970，In addition, HKD 650 will be charged to each person subject to the fit and proper examination.。Class B registration is generally valid for three years，Renewal fee HK$1,060，Additional fee for suitability review will be charged。Fees may be adjusted，Please check the latest customs fee schedule before submitting。
Conducted without registration、Claiming to be authorized to carry out specified transactions or specified cash transactions，or claim to be a registrant，constitute a crime，Upon conviction, the maximum penalty is a fine of HK$100,000 and imprisonment for six months.。Category A registrants who conduct cash transactions that meet the threshold also face criminal risks。
Hong Kong Huitong can start with business and transaction threshold assessment，Assistance in determining Class A or B paths，Organize Hong Kong company、Equity、Ultimate owner and business premises information，Prepare fit and proper documents and AML/CFT system，Coordinate customs applications、Supplementary parts、Approved to display、Renewal and continued compliance。The specific registration results will be reviewed and determined by the Hong Kong Customs on a case-by-case basis.。
12. Hong Kong DPMS registration official information and regulatory basis
| official source | Main content | Link |
|---|---|---|
| Hong Kong Customs DPMS supervision page | Registration system、Category A and Category B、sheet、guidelines、iPASS and contact information | Hong Kong Customs and Excise Department：Precious metals and gemstone dealer supervision page |
| Precious Metals and Gemstone Dealers Registration System | Apply online、register、sheet、Circular、Fees and operating information | Enter the DPMS registration system |
| Hong Kong Customs DPMS Frequently Asked Questions | regulated items、transaction definition、12HK$10,000 threshold、exemption、place、Fees and non-Hong Kong traders | Check out the official FAQ |
| DPMS Fee Schedule | Category A、Category B、fit and proper person、Renewal and controller related fees | View current charges |
| Hong Kong Electronics Legislation Chapter 615 | Statutory registration and AML/CFT requirements under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance | Check Hong Kong legislation |
| Public register of registrants | Check dealer name、Registration information such as registration type and public business location | Search DPMS register |
13. Related Hong Kong Services and Compliance Guides
| Related services | Applicable scenarios | Site links |
|---|---|---|
| Hong Kong company registration | Prepare DPMS application body、Business registration and Hong Kong company infrastructure | Learn about Hong Kong company registration |
| KYC and AML systems | Customer due diligence required to establish Class B DPMS、Transaction monitoring、Screening and Recording System | View the KYC and AML system guide |
| Hong Kong company bank account opening | Plan for non-cash receipts and payments、Corporate account and transaction certification documents | Learn about opening a corporate bank account in Hong Kong |
| Hong Kong MSO License | If the business provides currency exchange or cross-border remittance separately，MSO licensing requirements need to be assessed | View Hong Kong MSO license |
| Hong Kong Customs and Excise Department | Understand the supervisory functions of Hong Kong Customs under anti-money laundering systems such as DPMS and MSO | View Hong Kong Customs information |
| Contact Ganghuitong | Evaluate Class A/B paths、Application documents、AML/CFT and ongoing compliance | Make an appointment for DPMS registration consultation |
15. Relevant regulations、Regulatory information and further reading
| Data category | Related information |
|---|---|
| Professional interpretation | |
| Legislation and regulatory guidance | |
| Licensing and regulatory authorities |
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