个人取款超5万仍需登记？多家银行问询用途，监管拟取消硬性规定

Core Viewpoint - The People's Bank of China, along with other regulatory bodies, has proposed a draft regulation that removes the requirement for individuals to declare the source or purpose of cash transactions exceeding 50,000 yuan, reflecting a shift towards easing compliance burdens for ordinary depositors while still addressing financial security concerns [1][2][4]. Regulatory Changes - The draft regulation eliminates the previous requirement from the 2022 version that mandated financial institutions to verify and record the source or purpose of cash transactions over 50,000 yuan or equivalent in foreign currency [2][4]. - The 2022 regulation faced significant backlash and was postponed due to its complexity, which posed implementation challenges for smaller financial institutions [2][8]. Industry Impact - Analysts suggest that the removal of the cash declaration requirement is a pragmatic measure that aligns with a risk-based approach, facilitating smoother implementation of the new regulation while improving user experience [2][3][8]. - Financial institutions are still expected to conduct due diligence for high-risk transactions, ensuring that the removal of the requirement does not equate to a relaxation of anti-money laundering measures [4][8]. Customer Experience - The adjustment aims to enhance customer experience by reducing unnecessary compliance burdens for low-risk transactions, while still allowing for stricter scrutiny in high-risk scenarios [8]. - Banks continue to inquire about the source or purpose of cash transactions over 50,000 yuan, primarily as a safeguard against rising telecom fraud, indicating that customer security remains a priority [4][5]. Risk Management - The draft regulation emphasizes a differentiated approach to customer due diligence, allowing for simplified measures for low-risk clients while imposing stricter requirements for high-risk situations [8]. - The regulation aims to balance the need for effective anti-money laundering practices with the necessity of providing accessible financial services to the public [4][8].