Core Viewpoint - The new regulation by Chinese financial authorities aims to shift from a rigid "one-size-fits-all" approach to a more risk-based management model, enhancing service efficiency while maintaining effective monitoring of high-risk transactions [1][2]. Group 1: Policy Changes - The new rule eliminates the mandatory requirement for individuals to register the source of funds when withdrawing or depositing cash exceeding 50,000 yuan, reflecting a significant shift in financial regulation [1]. - This change is expected to reduce operational costs for financial institutions and alleviate inconveniences for the public, aligning with global trends in anti-money laundering regulations [1][2]. Group 2: Implementation and Impact - Financial institutions will adopt a risk-based principle for due diligence, allowing normal financial activities to proceed without excessive inquiries, while focusing on monitoring suspicious transactions more effectively [2]. - The regulation is set to take effect on January 1, providing financial institutions with adequate time to prepare for the transition, ensuring a smooth implementation of the new policy [3].