Core Viewpoint - The new regulations aim to reduce the compliance burden on individuals and enhance the efficiency of financial activities, reflecting a commitment to respect private property rights and improve public trust in financial institutions [2][3][5]. Summary by Sections Policy Changes - The newly released "Management Measures for Customer Due Diligence and Customer Identity Information and Transaction Record Keeping" will take effect on January 1, 2026, and will ease the compliance obligations for individuals making cash deposits or withdrawals exceeding 50,000 RMB or equivalent to 10,000 USD [2]. - The previous regulations led to public dissatisfaction due to the cumbersome process of verifying the source of funds, which hindered normal financial activities and support for the real economy [2][3]. Economic Impact - The revised measures are expected to stimulate private sector vitality and lower operational costs in the economy, reinforcing the importance of respecting private property rights [3][5]. - A focus on minimizing economic and social costs in compliance with anti-money laundering laws is essential, ensuring that the burden of compliance does not undermine property rights [3][5]. Governance and Compliance - There is a need for a decision-making risk and cost-sharing mechanism to ensure accountability in legislation and enforcement, which will help establish clear policy boundaries [5]. - The implementation of modern governance principles should prioritize public satisfaction and the reduction of economic and social activity costs [4][5]. Technological Integration - The use of digital technologies and AI can streamline compliance processes, reducing the need for individuals to provide excessive documentation, thus lowering the overall societal costs [4].