央行等三部门重磅发布：取消“个人存取现金超5万元需登记”规定，银行取钱不再一刀切式询问，明年1月1日起施行

Core Points - The People's Bank of China, along with the National Financial Regulatory Administration and the China Securities Regulatory Commission, has officially released the "Measures for Customer Due Diligence and Customer Identity Information and Transaction Record Keeping Management" which will take effect on January 1, 2026 [4][6] - The new regulation eliminates the requirement for customers to register the source of funds for cash withdrawals exceeding 50,000 yuan, aligning with the previous draft [2][3] - Financial institutions are now required to conduct customer due diligence based on risk, allowing for simplified measures for low-risk situations while implementing enhanced scrutiny for high-risk cases [4][5] Summary by Sections Regulation Changes - The new regulation allows banks to determine the necessity of inquiries based on the risk profile of the transaction rather than applying a blanket approach [3][4] - The principle of "risk-based" customer due diligence is emphasized, requiring financial institutions to balance anti-money laundering measures with the optimization of financial services [4][6] Practical Examples - For low-risk transactions, such as pension withdrawals by elderly customers, banks will only need to verify identity without requiring additional documentation [5][6] - Conversely, if a university student suddenly receives multiple large transfers inconsistent with their usual transaction patterns, banks must initiate enhanced investigations to verify the source and purpose of the funds [6][7] Industry Perspectives - The recent changes have sparked discussions about the balance between "withdrawal freedom" and "fund security," highlighting the need for clearer regulations to address these concerns [7][8] - Industry experts suggest that achieving a balance between risk prevention and service optimization requires collaboration among financial institutions, regulatory bodies, and customers [10]