Dealers in Precious Metals and Stones Registration System (DRS)
To enhance the regulatory regime for combating money laundering and terrorist financing, the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) has been amended to introduce a registration regime for Dealers in Precious Metals and Stones (DPMS) for commencement on 1 April 2023. Customs and Excise Department (C&ED) takes charge of the regime and the DPMS Registration System to support dealers’ registration.
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Business facilitation measures under the programme would bring benefits in the following areas
Business-friendliness
Efficiency
Transparency
Regulatory review
Be the Smart Regulator Programme
Launched in 2007, the “Be the Smart Regulator” Programme aims to improve the efficiency, transparency and business-friendliness of licensing regime, with a view to relieving the compliance costs and administrative burdens of business sectors.
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