According to online reports, recently, the People's Bank of China issued a notice on the issuance of the "Anti-Money Laundering and Anti-Terrorist Financing Management Measures for Precious Metals and Gemstone Practitioners", clearly setting out the following requirements: "Institutions conducting more than RMB 100,000 (including 100,000) or equivalent foreign currency cash transactions shall fulfill anti-money laundering obligations in accordance with the provisions of these Measures." "If a customer conducts a single or daily cumulative cash transaction of more than RMB 100,000 (including RMB 100,000) or equivalent foreign currency, the practicing institution shall submit a large-value transaction report to China Anti-Money Laundering Monitoring and Analysis Center within 5 working days from the date of the transaction in accordance with regulations." The above-mentioned "Measures" will be officially implemented from August 1, 2025, aiming to prevent money laundering and terrorist financing risks in the field of precious metals and gemstone transactions by establishing a systematic regulatory framework.