The global body for professional accountants

Apply now
MyACCA
Global

23 February 2026

Precious metals trade under scrutiny

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. Transactions exceeding what amount require enhanced due diligence under the new AML rules?

  2. When did the Chinese mainland’s new gold market tax policies take effect?

  3. For how long must dealers in precious metals and stones retain transaction records and customer identity information?

  4. Which of the following statements is true? Statement 1, Shanghai Gold Exchange members must now report transactions to the financial crime watchdog, or statement 2, Shanghai Gold Exchange members must now report transactions to the central bank

  5. How much gold was withdrawn from the Shanghai Gold Exchange in January 2026?

  6. What challenge do smaller traders face under the new AML rules?

  7. Which of the following statements is true? Statement 1, Under new VAT rules, a distinction is made between investment gold and consumption gold, or statement 2, Shaped bars of gold are always treated as investment gold

  8. Which international standards are the new AML rules designed to align with?

  9. When did the Shanghai Gold Exchange expand into Hong Kong SAR of China?

  10. What major event occurred in Shenzhen in late January 2026?

1 Unit

Our sites

Useful links

Using this site