《金融机构客户尽职调查和客户身份资料及交易记录保存管理办法》自2026年起施行

Core Points - The People's Bank of China has announced the implementation of the "Management Measures for Customer Due Diligence and Customer Identity Data and Transaction Record Keeping" effective from January 1, 2026 [1] - Financial institutions are required to adhere to the principle of "Know Your Customer" and must identify and verify the identity of customers and their beneficial owners [1] - Institutions must continuously monitor and assess the overall status and transaction activities of customers to understand risks related to money laundering and terrorist financing [1] Summary by Sections - Regulatory Framework - The new management measures were approved during the 14th executive meeting of the People's Bank of China on October 11, 2025, and have received consent from the National Financial Regulatory Administration and the China Securities Regulatory Commission [1] - Due Diligence Requirements - Financial institutions must take appropriate due diligence measures based on customer characteristics and the nature and risk of transaction activities [1] - Enhanced due diligence measures are required for customers with higher risks of money laundering and terrorist financing, while simplified measures can be applied for lower-risk customers [1] - Record Keeping and Data Management - Institutions are mandated to securely, accurately, completely, and confidentially maintain customer identity data and transaction records [1] - The records must be sufficient to reconstruct each transaction and provide necessary information for due diligence, transaction monitoring, investigation of suspicious activities, and handling of money laundering and terrorist financing cases [1]