Recently, the People's Bank of China issued a notice on the issuance of the "Measures for the Administration of Anti-Money Laundering and Anti-Terrorist Financing of Precious Metals and Gemstones Practitioners", which clearly stated the following requirements: "If a practitioner conducts a cash transaction of RMB 100,000 yuan or more (including 100,000 yuan) or the equivalent foreign currency, it shall fulfill its anti-money laundering obligations in accordance with the provisions of these Measures." "If a customer makes a single or daily accumulated amount of RMB 100,000 yuan or more (including 100,000 yuan) or the equivalent foreign currency cash transaction, the practitioner shall submit a large-value transaction report to the China Anti-Money Laundering Monitoring and Analysis Center within 5 working days from the date of the transaction in accordance with the regulations." The above-mentioned "Measures" will come into effect on August 1, 2025, and aim to prevent money laundering and terrorist financing risks in the field of precious metals and gem