三部门重磅发布：取消“个人存取现金超5万元需登记”规定

Core Viewpoint - The People's Bank of China, along with the National Financial Regulatory Administration and the China Securities Regulatory Commission, has announced the cancellation of the requirement for individuals to register the source of cash withdrawals exceeding 50,000 yuan, effective January 1, 2026, allowing banks to adopt a risk-based approach in their inquiries [1][2][3]. Group 1: Regulatory Changes - The new regulation eliminates the blanket requirement for banks to inquire about the purpose of cash withdrawals over 50,000 yuan, aligning with previous drafts [2][3]. - Banks will now assess the risk level of transactions to determine whether to conduct further inquiries, enhancing the balance between anti-money laundering measures and customer service [3][4]. Group 2: Risk-Based Approach - Financial institutions are mandated to conduct customer due diligence based on the risk profile of clients and the nature of transactions, ensuring that measures are proportionate to the identified risks [3][5]. - For low-risk transactions, such as pension withdrawals, banks will only need to verify identity without additional questioning, while higher-risk transactions will trigger enhanced scrutiny [4][5]. Group 3: Industry Reactions - The recent changes come in response to public concerns over excessive questioning by banks, as highlighted by a recent incident involving a lawyer being interrogated about cash withdrawals [6][7]. - Industry experts emphasize the need for clearer regulations to balance customer withdrawal freedoms with the obligations of banks to prevent fraud and money laundering [7][8].