DPMS Registration in Hong Kong: Complete Guide for Precious Metals and Stones Dealers

Hong Kong introduced a new mandatory registration regime for dealers in precious metals and stones (DPMS) as part of its ongoing efforts to strengthen its anti-money laundering and counter-terrorist financing framework. The regime was introduced under Part 5C of the Anti Money Laundering and Counter Terrorist Financing Ordinance (Cap. 615 of the Laws of Hong Kong) (“AMLO”) and came into effect on 1 April 2023, marking a significant step in enhancing regulatory oversight of the sector.

The legislative amendments were designed to align Hong Kong’s framework with the requirements of the Financial Action Task Force (FATF), ensuring that DPMS are subject to anti-money laundering and counter-terrorist financing obligations comparable to those imposed on designated non-financial businesses and professions (DNFBPs). These changes followed a public consultation conducted by the Financial Services and the Treasury Bureau (FSTB), which concluded in May 2021.

In this article, we provide a comprehensive step-by-step guide on how to obtain a DPMS registration in Hong Kong.

What Is a Dealer in Precious Metals and Stones (DPMS) in Hong Kong?

A dealer in precious metals and stones (DPMS) refers to any person who carries on a business in Hong Kong involving specified precious metals, precious stones, or related products, and who engages in transactions meeting the statutory thresholds prescribed under the AMLO. The determination of whether a business falls within the scope of the DPMS regime depends on both the type of products involved and the nature of the business activities carried out.

Which Products Fall Within the Scope of DPMS Registration in Hong Kong?

The DPMS registration regime applies to business activities involving the following categories of articles:

• Precious metals: gold, silver, platinum, iridium, osmium, palladium, rhodium, or ruthenium, whether manufactured or unmanufactured.
• Precious stones: diamond, sapphire, ruby, emerald, jade, or pearl, whether natural or otherwise.
• Precious products: jewellery and watches made up of, containing, or having attached to them precious metals or precious stones, or both.
• Precious asset backed instruments: certificates or instruments backed by precious metals, precious stones, or precious products that entitle the holder to those assets, in whole or in part, subject to statutory exceptions as set out in Part 5C of the AMLO.

What is a “precious metals and stones business” under the DPMS registration regime?

A person is regarded as carrying on a precious metals and stones business if, by way of business, they engage in any of the following activities:

• Trading in, importing, or exporting precious metals, precious stones, or precious products.
• Manufacturing, refining, or carrying out value adding work on precious metals, precious stones, or precious products.
• Issuing, redeeming, or trading in precious asset backed instruments.
• Acting as an intermediary in respect of any of the above activities.

A person who provides logistics services only, and who merely imports or exports precious metals, precious stones, or precious products in the ordinary course of that logistics business, is not regarded as a DPMS for the purposes of the registration regime.

Which Types of Businesses Are Required to Register as a DPMS in Hong Kong?

The following types of businesses typically fall within the scope of the DPMS registration regime when operating by way of business in Hong Kong:

• Jewellery retailers and wholesalers dealing in precious metal or gemstone jewellery.
• Watch dealers trading in high value watches containing precious metals or precious stones.
• Precious metal traders, refiners, and bullion dealers.
• Importers and exporters of precious metals, precious stones, or precious products.
• Manufacturers and processors engaged in cutting, polishing, refining, or other value adding activities.
• Dealers in precious asset backed instruments.
• Intermediaries or agents facilitating transactions involving precious metals or stones.

What is DPMS Registration in Hong Kong?

A DPMS Registration, also commonly known as a DPMS licence, is a statutory authorisation issued by the Commissioner of Customs and Excise that permits a person to carry on a business of dealing in precious metals and stones in Hong Kong. The registration regime was introduced under Part 5C of the AMLO and has been in effect since 1 April 2023.

Any person who carries on a precious metals and stones business and engages in transactions with a total value of HK$120,000 or more, whether in a single transaction or a series of linked transactions, must be registered unless a specific statutory exemption applies. Such exemptions include, for example, persons acting as pawnbrokers, licensed corporations, or licensed insurance broker companies or agents, as defined under the AMLO.

This requirement applies to both Hong Kong based businesses and overseas dealers when the relevant activities are carried on in Hong Kong.

Registration is administered and enforced by the Hong Kong Customs and Excise Department (“C&ED”), which also supervises compliance with anti-money laundering and counter-financing of terrorism obligations under the AMLO and the “Guideline on Anti-Money Laundering and Counter- Financing of Terrorism (For Category B Registrants Dealing in Precious Metals and Stones)” issued by the C&ED (“AML/CFT Guideline”).

According to the “Registration Guide for Dealers in Precious Metals and Stones” published by the CEE in March 2026 (“Registration Guide”), a person who carry out transaction(s) with value below HKD120,000 in total, regardless of in cash or non-cash, shall not be required to register under the DPMS registration regime.

Two categories of DPMS Registration

The DPMS regime operates on a two-tier registration system, based on the type of transactions a dealer intends to carry out:

• Category A registration applies to dealers who intend to engage only in non-cash transactions with a total value of HK$120,000 or more. Category A registrants are subject to general statutory obligations but are not subject to AML/CFT requirements under Schedule 2 of the AMLO.
• Category B registration applies to dealers who intend to engage in cash transactions with a total value of HK$120,000 or more, whether alone or together with non-cash transactions. Category B registrants are subject to fit and proper requirements, ongoing regulatory supervision, and mandatory AML/CFT obligations under Schedule 2 of the AMLO.

A cash transaction threshold of HK$120,000 applies regardless of whether the amount is paid in a single operation or through multiple linked payments.

What Are the General Requirements to Register as a DPMS in Hong Kong?

Any person seeking DPMS registration must meet the general statutory requirements prescribed under the AMLO and administered by the C&ED. These requirements apply regardless of whether the applicant seeks Category A or Category B registration.

In general, an applicant must:

• Hold a valid Hong Kong business registration certificate or, where applicable, a hawker licence.
• Provide the address of each business premise in Hong Kong, including any branch locations, together with a correspondence address.
• Display the certificate of registration and any branch certificates in a conspicuous place at the principal place of business and each branch, or on the website where the business is carried on online.
• Notify the C&ED of any changes in registration particulars within one month of the change.

Failure to comply with these general requirements may result in criminal liability or regulatory action, depending on the nature of the breach.

What Is Category A DPMS Registration in Hong Kong?

Category A registration applies to dealers who intend to engage only in non-cash transactions with a total value of HK$120,000 or more in the course of their business.

Category A registrants are not subject to AML/CFT obligations under Schedule 2 of the AMLO. However, they remain subject to general statutory obligations, including certificate display and notification requirements.

What Is Category B DPMS Registration in Hong Kong?

Category B registration applies to dealers who intend to engage in cash transactions with a total value of HK$120,000 or more, whether alone or together with non-cash transactions.

Category B registrants are subject to enhanced regulatory requirements, including:

• A fit and proper test for the applicant and relevant individuals, including partners, directors, and ultimate owners.
• Ongoing supervision by the C&ED.
• Full compliance with AML/CFT obligations under Schedule 2 of the AMLO.

Category B registration is valid for three years and must be renewed prior to expiry. Registrants who fail to comply with AML/CFT requirements may be subject to disciplinary action, including fines, suspension, or cancellation of registration.

Who Is Exempt from DPMS Registration in Hong Kong?

Not all persons who deal with precious metals and stones are required to obtain a DPMS registration. The AMLO provides for specific statutory exemptions, primarily where the risks are already regulated under other supervisory regimes or where the activity is limited in scope.

1. Exempted persons and entities

The DPMS registration requirements do not apply to the following categories of persons when they carry on a precious metals and stones business that falls within the scope of the exemption:

• The Government.
• Authorised institutions, including banks, that are governed by the Banking Ordinance (Cap. 155 of the Laws of Hong Kong).
• Licensed pawnbrokers regulated under the Pawnbrokers Ordinance (Cap. 166).
• Securities and Futures Commission licensed corporations, where the dealing in precious metals and stones is ancillary to a regulated activity for which they are licensed.
• Authorised insurers and licensed insurance intermediaries, where the precious metals and stones business is ancillary to their principal regulated business.
• Licensed stored value facility operators, designated retail payment system operators, and settlement institutions, where applicable and ancillary to their principal business.

2. Overseas dealers precious metals and stones dealers operating in Hong Kong

Certain overseas dealers in precious metals and stones are exempt from DPMS registration where all of the following conditions are met:

• The dealer does not ordinarily reside in Hong Kong, or is incorporated outside Hong Kong and is not registered as a non Hong Kong company.
• The dealer does not have a place of business in Hong Kong.
• The dealer carries on a precious metals and stones business in Hong Kong for no more than 60 days in a calendar year.

Overseas dealers who rely on this exemption are not required to register as DPMS in Hong Kong. However, where they engage in a cash transaction of HK$120,000 or more in Hong Kong, they must submit a cash transaction report to the C&ED within the prescribed timeframe.

3. Logistics service providers

A person who carries on a logistics service business and merely imports or exports precious metals, precious stones, or precious products in the ordinary course of that logistics business is not regarded as a DPMS for the purposes of the registration regime.

What Are the Penalties for Operating Without a DPMS Registration in Hong Kong?

The AMLO imposes criminal and regulatory penalties on persons who carry on a precious metals and stones business in Hong Kong without the required DPMS registration.

Operating without DPMS registration

Any person who, without being a registered DPMS, carries on a precious metals and stones business in Hong Kong and engages in transactions with a total value of HK$120,000 or more commits an offence. This includes:

On conviction, the offender is liable to a maximum fine of HK$100,000 and imprisonment for six months.

What Are the Penalties for Breaching Statutory Obligations By the Registrants?

Even where a person is properly registered, failure to comply with statutory obligations may also result in penalties. In particular:

• Failure to display the certificate of registration in the prescribed manner is an offence punishable by a maximum fine of HK$50,000, and possible disciplinary actions.
• Failure to notify the C&ED of changes in registration particulars, or an intention to cease business as a DPMS, may result in a maximum fine of HK$50,000, and possible disciplinary actions.

AML/CFT related sanctions for Category B registrants

Category B registrants who fail to comply with AML/CFT requirements under Schedule 2 of the AMLO may be subject to disciplinary proceedings by the C&ED. Available sanctions include:

• Public or private reprimand.
• Orders requiring remedial action.
• Pecuniary penalties of up to HK$500,000.
• Suspension or cancellation of DPMS registration.

In serious cases, continued non compliance with remedial orders may result in daily fines of up to HKD 10,000 until the breach is rectified.

How Do You Apply for Category A DPMS Registration in Hong Kong?

Category A registration applies to dealers who intend to engage only in non-cash transactions with a total value of HK$120,000 or more in the course of their business.

An applicant for Category A registration is required to provide to the C&ED the following documents:

• a completed application form, i.e. Form 1A(BR) or Form 1A(H), either in paper or in electronic data through the DPMS Registration System (“DRS”);

Form 1A(BR) is for applicants holding a valid Business Registration Certificate, whereas Form 1A(H) is for applicants holding a valid licence issued under Part 2 of the Hawker Regulation (Cap. 132 sub. Leg. AI) (“Hawker Regulation”).

• an application for registration fee specified in Schedule 3K of the AMLO;
• a copy of valid business registration certificate or a valid licence issued under Part 2 of the Hawker Regulation;
• addresses of all business premises and correspondence address;
• a declaration by the applicant that the applicant’s precious metals and stones business has been carried on and will be carried on for a lawful purpose; and
• supporting documents as listed in Chapter 12 of the Registration Guide, such as copies of identity and address proof.

The processing time for Category A registration may vary depending on the circumstances of each individual case, including the time required by the applicant to compile and submit the necessary supporting documents. Once all required information and documentation have been received, applications are generally processed within 12 working days.

A Category A licence remains valid provided that the registrant continues to pay the prescribed annual fee and complies with any applicable registration conditions (if any), as well as all other requirements set out under the AMLO.

How Do You Apply for Category B DPMS Registration in Hong Kong?

Category B registration applies to dealers who intend to carry out cash transactions with a total value of HK$120,000 or more, whether in a single transaction or in linked transactions. Applications are administered by the C&ED under Part 5C of the AMLO.

1. Timeline

There is no fixed statutory processing period for Category B applications. In practice, the processing time may vary depending on the circumstances of each case, including factors such as the time required by the applicant to gather the necessary supporting documents and the time needed to obtain records from relevant authorities for the purpose of conducting fit and proper assessments.

Once all required documents and information have been submitted, applications are generally processed within 33 working days.

2. Application process

An application for Category B registration involves the following steps:

1. Submission of Application: The applicant submits the Category B DPMS application, together with all the required supporting documents, to the C&ED via the DRS, or alternatively in person or by post.
2. Payment of Prescribed Fees: The applicant pays the applicable registration fee and the fit and proper test fee for each relevant individual.
3. Document Verification, Fit and Proper Assessment and Interviews: The C&ED will notify the applicant to nominate a member of the senior management, such as the sole proprietor, partner or director of the applicant, to attend the interview.
   
   During the interview, original documents and proof of payment will be verified, and the applicant will be required to sign the Category B registration application in the presence of Customs officers. The applicant may also be asked to clarify or provide further details on the information submitted in support of the application.
4. Notification of Outcome: The applicant is notified of the outcome. Where registration is granted, the certificate of registration and branch certificates become available for download.

Upon successful registration, applicants may download the certificate of registration and any branch certificates from the DRS system. These certificates must be prominently displayed at the principal place of business, at each branch location, at any temporary booths, and on the business’s website.

3. Assessment criteria

In determining whether to grant Category B registration, the C&ED considers whether the applicant is suitable to carry on a precious metals and stones business that involves specified cash transactions. The assessment focuses on the applicant’s integrity, business arrangements, and ability to comply with AML/CFT obligations.

Key areas of assessment include:

• The applicant’s business structure, proposed activities and location of the business premises.
• The adequacy of internal controls and AML/CFT policies.
•  Whether the applicant, and, where applicable, its ultimate beneficial owner(s), director(s), and partner(s), can demonstrate to the satisfaction of the C&ED that they are fit and proper persons to carry on a precious metals and stones business.

Fit and proper test

Category B applicants and the following persons are subject to a fit and proper test:

• Individual applicants or sole proprietors.
• Partners in a partnership.
• Directors of a corporation.
• Ultimate owners, generally those exercising more than 25 percent ownership or control.

In assessing whether a person is fit and proper, the C&ED considers factors including:

• Whether the person has been convicted of money laundering, terrorist financing, or other offences involving fraud, dishonesty, or corruption.
• Whether the person has failed to comply with regulatory requirements under the AMLO.
• The person’s financial soundness, including history of bankruptcy, liquidation, or winding up.

Any change in partners, directors, or ultimate owners of a Category B registrant requires prior written approval from the C&ED.

4. Checklist of Supporting Documents for Category B DPMS Registration in Hong Kong

A Category B DPMS application typically requires the following documents:

• a completed application form, i.e. Form 1B(BR) or Form 1B(H), either in paper or in electronic data through the DRS;

Form 1B(BR) is for applicants holding a valid Business Registration Certificate, whereas Form 1B(H) is for applicants holding a valid licence issued under Part 2 of the Hawker Regulation.

• a copy of a valid Hong Kong business registration certificate or hawker licence, where applicable;
• Address details for the principal place of business and any branch locations in Hong Kong;
• fit and proper declaration form(s) for each entity required to be a fit and proper person (i.e. Form 3A with Appendices I & II for individual and Form 3B for corporation as well as the required supporting corporate documents);
  • Appendix I to Form 3A must be signed by the declarant in the presence of a witness who is an authorised officer of the C&ED, a practising professional (e.g. solicitor, accountant or auditor), a notary public, or a Justice of the Peace. The witness must verify the declarant’s identity against original documents and certify that the personal particulars are true and correct. The witness shall also certify that the Appendix I is signed by the declarant in his or her presence.
• the proforma at Annex I of the Registration Guide or the applicant’s own descriptions of precious metals and stones business & AML/CFT measures containing information prescribed in the proforma at Annex I of the Registration Guide;
• Identification documents for the applicant and all relevant individuals subject to the fit and proper test;
• Ownership and control information, including details of ultimate owners;
• A business plan describing the business structure, products and services, payment methods, storage and delivery arrangements, and customer profile;
• An AML/CFT policy covering risk assessment, customer due diligence, record keeping, ongoing monitoring, staff training, and suspicious transaction reporting; and
• Any additional information requested by the C&ED during the assessment process.

What Are the Ongoing Obligations for Category B DPMS Registrants?

Once a Category B DPMS registration is granted, the registrant is subject to continuing statutory and regulatory obligations under the AMLO. Failure to comply may result in criminal liability, disciplinary action, or suspension or cancellation of registration.

1. Ongoing Notification and Reporting Requirements

Category B registrants must keep the C&ED informed of specified changes to their business and registration particulars.

a. Changes that require the C&ED’s prior approval

Certain changes cannot take effect without the prior written approval of the C&ED. These include any proposed change to the following persons of a Category B registrant:

• Partners of a partnership.
• Directors of a corporation.
• Ultimate owners, generally persons who own or control more than 25 percent of the business or voting rights.

A Category B registrant is required to submit an application (Form 4) together with the prescribed application fee. In addition, each proposed partner, director, or ultimate owner must complete and submit the relevant fit and proper person declaration form, namely, Form 3A (with Appendices I and II) for individuals, or Form 3B for corporations.

Any person who becomes a partner, director, or ultimate owner without the C&ED’s prior approval commits an offence and may be liable to a maximum fine of HKD50,000 and imprisonment for 6 months. The C&ED may also take disciplinary actions for such contravention.

b. Notification of changes in particulars

Category B registrants must notify the C&ED in writing within one month of any change to the particulars provided at the time of registration or renewal.

Notifiable changes include, but are not limited to:

• Changes to the business name or correspondence details.
• Addition, deletion or relocation of business premises;
• Change in particulars of the hawker/sole proprietor/partners/ directors/ultimate  owners;

A registrant is required to notify the C&ED of any relevant changes by submitting the prescribed notification form (Form 6B(BR) or Form 6B(H)) within one month from the date on which the change occurs.

Failure to notify changes within the prescribed timeframe is an offence and may result in a fine of HKD50,000. A registrant may also be subject to disciplinary actions.

c. Display of certificates

A Category B registrant must display its certificate of registration and any branch certificates in a conspicuous place at:

• The principal place of business.
• Each branch location where face to face transactions are conducted.
• Any temporary booth or exhibition venue, where applicable.

For a category B registrant carrying on a precious metals and stones business on a business website or other electronic platforms, the registrant is required to display its name as recorded in the register, together with the QR code or registration number issued by the C&ED, in a prominent position on the relevant website or platform (for example, on the homepage or within the user profile section).

Failure to display the certificates in the prescribed manner constitutes an offence and is liable on conviction to a maximum fine of HKD50,000. A registrant may also be subject to disciplinary actions.

d. An intention to cease business as a DPMS

Where a Category B registrant intends to cease carrying on a precious metals and stones business, it must notify the C&ED in writing before the expected cessation date.

Failure to give advance notice of cessation may result in a maximum fine of HKD50,000. A registrant may also be subject to disciplinary actions.

2. Comply with AML/CFT requirements

Category B registrants must comply with all the applicable AML/CFT obligations under Schedule 2 of the AMLO. These obligations apply whenever the registrant carries out a specified cash transaction of HK$120,000 or more, unless a statutory exception applies.

The AML regime applies exclusively to Category B registrants, reflecting the higher money laundering and terrorist financing risks associated with large cash transactions.

For Category B registrants, AML/CFT obligations include:

• Adopting a risk-based approach to identify and mitigate money laundering and terrorist financing (ML/TF) risks;
• Developing and maintaining an effective AML Policy to mitigate ML/TF risks;
• Conducting customer due diligence before carrying out specified cash transactions, including obtaining information on the purpose and intended nature of the business relationships;
• Identifying and verifying the identify of the customers, its beneficial owners and representatives, where applicable;
• Where the customer presents high ML/TF risks, conducting appropriate enhanced customer due diligence measures;
• Conducting ongoing monitoring of customer relationships and transactions;
• Maintaining records for at least five years after completion of a transaction or the end of a business relationship;
• Providing AML/CFT training, internal policies and guidelines in relation to conduct of customer due diligence, criteria for identifying suspicious transactions, and relevant AML/CFT measures to staff; and
• Filing suspicious transaction reports with the Joint Financial Intelligence Unit where required.

How Do You Renew a Category B DPMS Registration in Hong Kong?

A Category B DPMS registration is valid for three years and must be renewed to continue carrying on a precious metals and stones business involving specified cash transactions in Hong Kong. The renewal process is administered by the C&ED under Part 5C of the AMLO.

1. When to apply for renewal

A Category B registrant must submit its renewal application at least 60 days before the expiry date of its existing registration.

A reminder email will be issued to the registrant at least 90 days prior to the expiry of the registration. Notwithstanding this, it remains the registrant’s legal obligation to submit a renewal application no later than 60 days before the registration expires.

Failure to apply for renewal in time may result in the registration lapsing, after which the registrant must cease carrying out specified cash transactions unless and until a new Category B registration is granted.

2. Renewal requirements

The C&ED will reassess whether the registrant continues to meet the statutory requirements for Category B registration. In particular, the registrant must:

• Hold a valid business registration certificate;
• Continue to satisfy the fit and proper test for the registrant and all relevant individuals, including partners, directors, and ultimate owners;
• Demonstrate ongoing compliance with AML/CFT obligations under Schedule 2 of the AMLO, including the submission of the proforma at Annex II of the Registration Guide or the registrant’s own descriptions of precious metals and stones business & AML/CTF measures containing information prescribed in the proforma at Annex II of the Registration Guide; and
• Provide any updated information or documents requested by the C&ED.

The Department may conduct further document reviews or interviews as part of the renewal assessment.

3. Renewal outcome and validity period

If the renewal application is approved, the Category B registration will be extended for a further three year period, beginning on the date of expiry of the previous registration.

Where the renewal application is refused, the registrant must cease carrying on a precious metals and stones business involving specified cash transactions upon notification of the refusal. Continuing to operate without a valid Category B registration may expose the registrant to criminal and regulatory penalties.

Disclaimer: This publication is provided for general information and guidance only. The views and comments expressed herein do not constitute, and should not be relied upon as, legal advice or a legal opinion.

AML Screening and Compliance Tools for Precious Metals and Stones Dealers (DPMS)  

How Can KYC Management Help DPMS Meet AML/CFT Requirements?

The DPMS registration regime imposes clear obligations on businesses that deal in precious metals and stones in Hong Kong. Dealers that engage in cash transactions of HK$120,000 or more must obtain Category B registration and comply with ongoing AML/CFT requirements under the AMLO and the AML/CFT Guideline issued by the C&ED. These obligations require the implementation and ongoing maintenance of robust compliance frameworks, particularly in relation to customer due diligence, risk assessment, AML screening and ongoing monitoring, and  record-keeping.

For many Category B registrants, the practical challenge lies not in understanding the legal requirements, but in implementing them consistently and in a way that can withstand regulatory scrutiny. This is where KYC Management can help.

What KYC Management Offers

1. AML Screening Tools for DPMS

DPMS are required to identify politically exposed persons and the persons designated on the terrorist financing and proliferation financing sanctions list during their customer due diligence procedures.

KYC Management simplifies this process with a comprehensive AML screening tool that allows DPMS to screen both individuals and businesses against a wide range of global datasets, including sanctions, PEP, financial regulatory, law enforcement, and adverse media lists covering real-time data from 230+ jurisdictions and 43,000 global sources.

2. Ongoing Monitoring

Minimise your risk exposure and keep your team up-to-date with any new developments of your clients and their associates. Screened Profiles can be added to your Watchlist and monitored on a daily basis. New updates are immediately consolidated on KYC Management and emailed to you, ensuring you always have the most updated information.

3. Customer Due Diligence and Onboarding

KYC Management enables a seamless digital onboarding experience through its CDD Portal, supporting the efficient collection, verification, and ongoing management of customer due diligence information for both individuals and legal entities. The platform facilitates the identification and verification of customers, beneficial owners, and authorized representatives, ensuring compliance with Schedule 2 AMLO requirements.

By leveraging a structured CDD workflow, DPMS can streamline data and document collection, improving efficiency and ensuring all necessary checks are completed prior to conducting specified cash transactions.

4. Assisted Risk Assessment and Risk Scoring

KYC Management supports Category B registrants in adopting a risk-based approach to AML/CFT compliance through its assisted risk assessment and scoring capabilities. Tailored specifically for DPMS Category B requirements, the platform offers a comprehensive framework to evaluate money laundering and terrorist financing risks, with recommended risk ratings and corresponding levels of due diligence aligned with AML/CFT Guidelines issued by the C&ED. In addition, auditable risk assessment reports are automatically generated, ensuring transparency and readiness for regulatory inspections.

5. Record keeping and audit readiness

Under the AMLO, Category B registrants must retain CDD records for at least five years. KYC Management provides a centralised document management system that stores CDD records, screening results, risk assessments, and related documentations in a secure environment.

Seamlessly integrated with the CDD Portal, the platform enables users to generate client due diligence, screening, and risk assessment reports. This structured and centralised approach ensures DPMS Category B registrants are well-prepared to respond efficiently to regulatory enquiries and inspections by the C&ED..

6. Managing ongoing compliance obligations

KYC Management helps registrants stay on top of ongoing compliance obligations through automated reminders for expiring identification documents and key deadlines. These proactive alerts help maintain accurate, up-to-date records and reduce the risk of compliance gaps.

References

For more information about TCSP licensing, compliance obligations, and AML guidelines in Hong Kong, please refer to the following official resources:

1. Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615 of the Laws of Hong Kong)
2. Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Category B Registrants Dealing in Precious Metals and Stones) issued by the Hong Kong Customs and Excise Department in June 2023
3. Registration Regime for Dealers in Precious Metals and Stones
   issued by the Hong Kong Customs and Excise Department in March 2026

Simplify Your AML/CFT Workflow Today

KYC Management enables firms to complete the entire AML/CFT process in minutes - not hours. From customer due diligence and risk assessments to screening and ongoing monitoring, KYC Management expedites traditionally manual and complex AML/CFT processes into a simple and compliant workflow.

Interested in learning more? Let's talk