Workflow
5万以上现金存取不再问来源或用途?反洗钱新规征求意见
Nan Fang Du Shi Bao·2025-08-08 12:25

Core Viewpoint - The People's Bank of China, along with financial regulatory authorities, has released a draft for public consultation regarding the management of customer due diligence and identity verification for financial institutions, simplifying previous cash withdrawal requirements [2][3]. Group 1: Regulatory Changes - The new draft eliminates the requirement for financial institutions to understand and record the source and purpose of cash withdrawals exceeding 50,000 RMB or equivalent in foreign currency, which was a point of contention in the previous regulations [4][5]. - The draft specifies that for transactions involving cash remittances, cash exchanges, and other financial services exceeding 50,000 RMB or equivalent in foreign currency, institutions only need to conduct customer due diligence and retain basic identity information [5][6]. Group 2: Background and Context - The previous regulation, which mandated identification and verification for cash transactions above 50,000 RMB, sparked significant public debate and concern regarding privacy and the handling of personal funds [5][6]. - The initial implementation of the previous management measures was postponed due to technical reasons, indicating a responsive regulatory environment [5][6]. - The new draft reflects ongoing adjustments by regulatory bodies in response to market feedback and aims to balance anti-money laundering efforts with customer convenience [6].