Personal deposit and withdrawal of cash over 50,000: to verify identity, register the source of funds or use!

2022-07-11 0 By

The People’s Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission jointly issued the Measures for the Administration of Customer Due Diligence in Financial Institutions and the Preservation of Customer Identity Information and Transaction Records.”Method” mentioned in article 10 of the commercial Banks, rural cooperative Banks, rural credit cooperatives, village Banks and other financial institutions for natural customers deal with single 50000 yuan of above or foreign currency equivalent amount more than $10000 in cash access business shall identify and verify customer identity, understanding and the source of the registered capital or purpose.Central bank officials said, “method” clear all financial industry customer specific requirements for due diligence, emphasis on due diligence measures based on risk and ongoing due diligence measures require financial institutions to strengthen high-risk situations due diligence, allow financial institutions to assess a low risk business, customer, simplified due diligence measures, with reference to international standards,Improve the beneficial owner identification requirements and due diligence requirements for special businesses such as correspondent banks, remittances, due diligence conducted through third parties, high-risk countries or regions, etc.The Measures improve the specific requirements for the retention of customer identity data and transaction records.That’s not a big deal, the bank interest rate is also low netizen comment: divided into two withdrawals, a 40,000 yuan, a 10,000 yuan.Thank you for your patience. What is your opinion on this matter?Feel free to leave a comment in the comments section!(original title: three departments issued a document: since March 1, personal cash deposits and withdrawals over 50,000 yuan need to register capital sources) information source: Flush finance, such as infringement contact delete thank you!Hereby declare: this article is reproduced for the purpose of passing on more information.If there is a wrong source or accidentally violated your legitimate rights and interests, please contact the author with proof, we will make corrections in time, thank you.Email: Editor: ZYR