Customs arrests director for unregistered precious metals and gemstones transactions

Customs arrested a company director for conducting unregistered cash transactions exceeding HK$120,000 involving precious metals and gemstones. The company was not registered as a Type B dealer under the Precious Metals and Stones Dealers (Registration) Regulation, which mandates registration for cash transactions of HK$120,000 or more. The arrested individual has been released on bail, and investigations are ongoing. The public can report suspicious activities to Customs.