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 Viewpoint - The new regulations from the People's Bank of China and other financial authorities aim to balance anti-money laundering measures with customer service, emphasizing a risk-based approach to customer due diligence and transaction monitoring [4][5][7]. Regulatory Changes - The new "Customer Due Diligence and Customer Identity Data and Transaction Record Management Measures" will take effect on January 1, 2026, and eliminate the requirement for customers withdrawing cash over 50,000 yuan to declare the source of funds [2][4]. - Banks will no longer apply a uniform questioning policy for all customers but will assess the risk level to determine the necessity of further inquiries [3][5]. Risk-Based Approach - Financial institutions are required to conduct customer due diligence based on the risk profile of the customer and the nature of the transactions, allowing for simplified measures for low-risk situations and enhanced scrutiny for high-risk cases [5][7]. - Examples include treating pension withdrawals as low-risk transactions, while sudden large transfers from a student’s account would trigger enhanced investigation protocols [6][7]. Industry Perspectives - The concept of "withdrawal freedom" is framed as a relative freedom constrained by financial regulatory obligations, emphasizing that banks must ensure the legality and compliance of transactions before allowing withdrawals [10][11]. - Industry experts suggest that a balance between risk prevention and service optimization requires collaboration among financial institutions, regulatory bodies, and customers [13].