大额现金存取拟“松绑”？央行等三部门征言 个人存取款超5万元或将不再登记 但“批量开户”可能被拒

Core Viewpoint - The People's Bank of China, along with other regulatory bodies, has drafted a new set of guidelines for customer due diligence and record-keeping, which reflects significant changes from the previous regulations implemented in March 2022 [1][3]. Group 1: Changes in Customer Due Diligence Requirements - The new draft removes the requirement for financial institutions to verify customer identity and understand the source or purpose of funds for cash transactions exceeding 50,000 RMB or equivalent to 10,000 USD [1][4]. - Financial institutions are now required to adapt their customer due diligence measures according to the risk level associated with the customer, ensuring that measures taken are proportionate to the identified risks [3][4]. Group 2: Record-Keeping and Duration - The duration for which customer identity information and transaction records must be retained has been increased from a minimum of 5 years to at least 10 years [5]. Group 3: Measures Against High-Risk Activities - Financial institutions have the authority to refuse account openings if there is suspicion of customers engaging in activities such as opening multiple accounts or other actions indicative of money laundering [6][7]. - The draft emphasizes stricter measures for financial institutions operating in or dealing with high-risk countries, including enhanced social audits and careful consideration before establishing relationships with such entities [6][7]. Group 4: Digital Currency Considerations - The new draft explicitly states that customer due diligence and record-keeping for digital RMB transactions will follow the relevant regulations, which were not previously covered [4].