【Kuwait City,】Kuwait: No more buying gold and jewellery using cash
Editor’s NoteKuwait has banned cash transactions for gold, jewellery, and precious metals, mandating electronic payments to enhance financial…
Anti-Money Laundering
【Kuwait City,】Kuwait Bans Cash Transactions for Gold and Jewelry Purchases
Editor’s NoteThis article outlines a new ministerial resolution in Kuwait mandating digital payments for certain business sectors to improve…
【Mexico】SAT Strengthens Its Anti-Money Laundering Campaign
Editor’s NoteThis article outlines the Mexican Tax Administration Service’s (SAT) latest efforts to combat money laundering, focusing on enhanced…
【Australia】Aussie Jewellers Unprepared for Tough New Laws
Editor’s NoteThis article highlights a critical compliance gap in Australia’s jewellery sector, as new anti-money laundering regulations take effect….
【Colombo, Sri】Sri Lanka Urges Gem and Jewellery Dealers to Appoint Compliance Officers
Editor’s NoteThis directive from Sri Lanka’s central bank and the National Gem & Jewellery Authority mandates all dealers in the sector to appoint a…
【Hong Kong】Hong Kong Customs Holds Inauguration Ceremony for Second Term of “Precious Metals and Stones Dealers Industry Advisory Group” (with Photos)
Editor’s NoteHong Kong Customs has inaugurated the second term of its Precious Metals and Stones Dealers Industry Advisory Group, appointing…
【Mexico】Beyond the Threshold: How to Mitigate Risks After the Reform? Reform to the Mexican Anti-money Laundering Law
Editor’s NoteThis article outlines key changes introduced by Article 17 of Mexico’s financial reform, which expands and clarifies the catalogue of…
【Shenzhen, Ch】Follow-up on the Shenzhen Shuibei Gold Material Suppliers’ “Runaway” Incident
Editor’s NoteRecent reports of abnormal operations among gold suppliers in Shenzhen highlight the risks of unregulated “gold investment” schemes….
【Cairo, Egypt】Dahab Masr Becomes North Africa’s First RJC-Certified Gold Trader
Editor’s NoteDahab Masr has achieved a significant first, becoming the inaugural gold and silver bullion specialist in Egypt and North Africa to earn…
【Vancouver, C】Vancouver-based Diamond Jeweller Fined $264K for ‘Very Serious’ Violations
Editor’s NoteThis article details a significant compliance penalty levied against a major Canadian jeweller, highlighting the serious financial…