三部门：完善金融机构客户尽职调查，兼顾安全与便利

Core Viewpoint - The newly released "Management Measures for Customer Due Diligence and Customer Identity Information and Transaction Record Retention" by Chinese regulatory authorities aims to enhance anti-money laundering (AML) practices in financial institutions, emphasizing a risk-based approach to customer due diligence, effective from January 1, 2026 [1][2][3]. Group 1: Regulatory Framework - The "Management Measures" were developed after extensive consultation with various stakeholders, including financial institutions, and reference to international AML standards [1]. - The measures require financial institutions to conduct customer due diligence based on the characteristics of customers and the nature of their transactions, avoiding mismatched measures against money laundering risks [3][4]. Group 2: Risk-Based Approach - The core principle of the measures is to balance safety and convenience by implementing a risk-based approach to customer due diligence [2][3]. - Financial institutions are mandated to continuously monitor and assess the overall status and transaction activities of customers, adjusting due diligence measures according to the identified risks [3][6]. Group 3: Implementation Guidelines - For low-risk scenarios, simplified due diligence measures are permitted, while high-risk situations require enhanced due diligence [3][6]. - Specific examples illustrate that routine transactions with clear income sources may not require extensive verification, whereas unusual large transactions necessitate further scrutiny [4][6]. Group 4: Information Security and Privacy - The measures emphasize the importance of information security and personal data protection, mandating confidentiality for customer identity and transaction information obtained during due diligence [8][9]. - The approach aligns with international practices, where customer due diligence is more stringent, particularly in high-risk situations [8][9].