房地产机构将保存客户信息10年以上，9月起实施

Core Viewpoint - The introduction of the "Anti-Money Laundering Work Management Measures for Real Estate Practitioners" marks a significant step in regulating the real estate sector against money laundering activities, aligning with the revised Anti-Money Laundering Law effective from January 1, 2025 [1][9]. Group 1: Regulatory Framework - The new measures consist of 25 articles and will take effect on September 1, 2025, establishing a regulatory framework for the real estate industry in anti-money laundering efforts [1]. - The measures signify the inclusion of the real estate sector in the key regulatory focus for anti-money laundering, creating a collaborative network with financial institutions and other specific non-financial entities [1][9]. Group 2: Money Laundering Risks in Real Estate - The real estate sector has been identified as a potential "hotbed" for money laundering due to its large transaction amounts, complex processes, and extensive industry chain [3]. - Historical practices in the industry included cash transactions and "ant moving" methods to launder money, where companies would pay suppliers in cash and subsequently split the funds into multiple accounts to avoid taxes [3][4]. - Other common laundering techniques involved "yin-yang contracts," where properties were sold at significantly lower prices to facilitate money laundering [3]. Group 3: Core Obligations for Real Estate Institutions - The measures outline three core obligations for real estate institutions: customer identity verification, suspicious transaction reporting, and record-keeping for at least ten years [6]. - Institutions are required to refuse transactions if customers do not provide identity information and must report any suspicious activities to the relevant authorities [6]. - The measures also mandate the establishment of internal controls and regular risk assessments to enhance the effectiveness of anti-money laundering efforts [6]. Group 4: Role of Industry Self-Regulation - The measures define the responsibilities of self-regulatory organizations within the real estate sector, including developing management norms and coordinating suspicious transaction reports [7]. - This approach aims to create a synergy between industry self-regulation and government oversight to strengthen the anti-money laundering framework [7]. Group 5: Compliance with International Standards - The introduction of these measures is a response to the revised Anti-Money Laundering Law and aims to align with international standards set by the Financial Action Task Force (FATF) [9]. - The measures are part of a broader effort to ensure that China meets international standards in the regulation of specific non-financial institutions ahead of the FATF's fifth round of mutual evaluations [9].