【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…
Compliance
【Vancouver, C】Jeweller Failed to Report Suspicious Transactions, Will Pay $264K Penalty, FINTRAC Says
Editor’s NoteThis report highlights the significant financial and legal consequences for businesses that fail to comply with anti-money laundering…
【Shenzhen, Ch】Shenzhen Shuibei Rocked by “Gold Heist” as Material Supplier Flees, Involving Over 10 Million Yuan
Editor’s NoteThis report highlights a serious breach of trust in the supply chain, where a supplier’s disappearance has caused significant financial…
【Hong Kong】Hong Kong Customs Reminds Non-Local Exhibitors at Jewelry Fair of Statutory Requirement to Submit Cash Transaction Reports under Precious Metals and Stones Dealers Regulatory Regime
Editor’s NoteThis article serves as a timely regulatory reminder for participants at the Hong Kong Jewellery & Gem Fair. It highlights the…
【Ecuador】Which Financial Institution Guarantees Quality and Ethics with International Certifications?
Editor’s NoteBanco Bolivariano has secured recertification of two critical international standards—ISO 9001 for quality management and ISO 37001 for…
【Dubai, UAE /】Rough-Polished: The Shifting Dynamics of Global Diamond Hubs
Editor’s NoteThis chart illustrates a significant shift in the global rough diamond trade over the past decade. While market shares among the top…
【Singapore】Billion-dollar money laundering case: Luxury handbags and 58 gold bars among items handed to Deloitte for liquidation
Editor’s NoteThis article details the latest procedural step in Singapore’s landmark S$3 billion money laundering case, where police have transferred…
【China】Anti-Money Laundering Supervision Upgraded: New Regulations for Financial Institution Customer Due Diligence Imminent
Editor’s NoteChina’s financial regulators have proposed new draft measures to strengthen customer due diligence and record-keeping requirements for…
【Coquitlam, B】Hells Angels-linked B.C. Jeweller Loses Appeal Against $66K Money Laundering Penalties
Editor’s NoteThis article details a recent court decision upholding significant fines against a British Columbia jeweller for violations of Canada’s…
【China】Starting Next Month, Precious Metal Cash Transactions of 100,000 Yuan or More Must Be Reported
Editor’s NoteThis article outlines new anti-money laundering regulations from China’s central bank, requiring precious metals and jewelry businesses…