Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Bill

Debated in Parliament on 14 Jan 2019.

Summary written by AI (learn more)

The bill seeks to regulate businesses and intermediaries dealing in precious stones and metals to prevent money laundering and terrorism financing.
It introduces licensing and compliance requirements for persons engaged in regulated dealing, aligning with international standards.
The bill also makes consequential amendments to other existing laws to ensure coherence and effectiveness in enforcement.
It was presented by the Senior Minister of State for Law on behalf of the Minister for Law and read for the first time, with the second reading scheduled for the next sitting.

Questions identified by AI (learn more)

No questions identified

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Full Transcript

"to regulate persons who carry on a business of regulated dealing or as intermediaries for regulated dealing, so as to prevent money laundering and terrorism financing, and to make consequential and related amendments to certain other Acts",

presented by the Senior Minister of State for Law (Mr Edwin Tong Chun Fai) on behalf of the Minister for Law; read the First time; to be read a Second time on the next available Sitting of Parliament, and to be printed.

Summary written by AI (learn more)

The bill seeks to regulate businesses and intermediaries dealing in precious stones and metals to prevent money laundering and terrorism financing.
It introduces licensing and compliance requirements for persons engaged in regulated dealing, aligning with international standards.
The bill also makes consequential amendments to other existing laws to ensure coherence and effectiveness in enforcement.
It was presented by the Senior Minister of State for Law on behalf of the Minister for Law and read for the first time, with the second reading scheduled for the next sitting.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Bill | PAPERCUTS

Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Bill

Debated in Parliament on 14 Jan 2019.

Summary written by AI (learn more)

The bill seeks to regulate businesses and intermediaries dealing in precious stones and metals to prevent money laundering and terrorism financing.
It introduces licensing and compliance requirements for persons engaged in regulated dealing, aligning with international standards.
The bill also makes consequential amendments to other existing laws to ensure coherence and effectiveness in enforcement.
It was presented by the Senior Minister of State for Law on behalf of the Minister for Law and read for the first time, with the second reading scheduled for the next sitting.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Full Transcript

Summary written by AI (learn more)

The bill seeks to regulate businesses and intermediaries dealing in precious stones and metals to prevent money laundering and terrorism financing.
It introduces licensing and compliance requirements for persons engaged in regulated dealing, aligning with international standards.
The bill also makes consequential amendments to other existing laws to ensure coherence and effectiveness in enforcement.
It was presented by the Senior Minister of State for Law on behalf of the Minister for Law and read for the first time, with the second reading scheduled for the next sitting.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Bill

Summary

Questions Identified

Full Transcript

Summary

Questions Identified

Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Bill

Summary

Questions Identified

Full Transcript

Summary

Questions Identified