存取逾5万不查资金来源用途 反洗钱如何“动态平衡”

Core Viewpoint - The new draft regulation on anti-money laundering (AML) by Chinese financial authorities aims to balance personal privacy protection with the need for effective financial activity oversight, enhancing the overall AML management standards in China [4][11]. Summary by Relevant Sections Regulatory Changes - The draft regulation removes the requirement for banks to verify the identity of clients making cash deposits or withdrawals over 50,000 RMB, which was part of the previous regulation that was postponed [2][5]. - New measures include stricter AML protocols for high-risk scenarios, sensitive individuals, and high-risk regions, ensuring that financial institutions cannot simplify due diligence in suspected cases of money laundering or terrorist financing [3][10]. Implementation and Training - Financial institutions are initiating internal training to adapt to the new draft regulation, focusing on identifying high-risk scenarios and enhancing due diligence processes [3][8]. - The draft regulation emphasizes continuous customer due diligence and the need for financial institutions to maintain updated knowledge of high-risk countries and regions [12][13]. International Standards Alignment - The draft regulation signifies a move towards aligning China's AML practices with international standards set by the Financial Action Task Force (FATF), following previous evaluations that highlighted areas for improvement [11][13]. - The upcoming FATF evaluation will assess China's progress in AML efforts, prompting institutions to enhance their compliance and risk management capabilities [11][13].