金融机构客户尽职调查新规征求意见：建立动态精准洗钱风险防控机制

Core Viewpoint - The People's Bank of China, in collaboration with financial regulatory bodies, has drafted a consultation document for a new management approach to customer due diligence and transaction record-keeping, aimed at enhancing anti-money laundering (AML) measures and aligning with international standards [1][2]. Group 1: Regulatory Framework - The new management approach is a response to the implementation of the revised Anti-Money Laundering Law, which took effect on January 1, 2024, emphasizing risk-based customer due diligence [1][2]. - The approach aims to address the shortcomings in the effectiveness of due diligence practices observed in some financial institutions, which have been criticized for applying uniform measures regardless of varying risk levels [2][3]. Group 2: Risk Management - The management approach emphasizes a risk-based principle, requiring financial institutions to tailor their due diligence measures according to the risk profile of clients, thereby avoiding a one-size-fits-all approach [2][3]. - It introduces simplified measures for low-risk scenarios, enhancing the convenience of normal financial operations while reserving enhanced due diligence for high-risk situations related to money laundering or terrorist financing [2][3]. Group 3: Public Service and Compliance - The management approach aims to balance risk prevention with the need to ensure public access to financial services, avoiding excessive scrutiny of routine transactions, such as cash deposits and withdrawals above 50,000 yuan, unless high risk is identified [3]. - It reiterates existing international rules regarding cross-border remittances, specifically the requirement to provide accurate sender information for transactions exceeding 1,000 USD, reinforcing compliance with global AML obligations [3].