The People’s Bank of China (PBOC), the National Financial Regulatory Administration (NFRA), and the China Securities Regulatory Commission (CSRC) have jointly issued the Measures for the Management of Customer Due Diligence and Customer Identity Information and Transaction Record Retention by Financial Institutions. Effective January 1, 2026, cross‑border outward remittances exceeding RMB 5,000 or the equivalent of USD 1,000 per transaction must undergo accuracy checks on the remitter’s information.
When financial institutions and institutions engaged in remittance services remit funds abroad on behalf of clients, they shall register the remitter’s name or entity name, account number, and address, as well as the recipient’s name or entity name and account number, retain such information on the remittance voucher or in relevant information systems, and provide the receiving overseas institution with the remitter’s name or entity name, account number, address, and other information.If the remitter does not hold an account with the institution and the financial institution is unable to register the remitter’s account number, it may register and provide other relevant information to the receiving overseas institution to ensure that the transaction can be traced and audited.
第三十四条 金融机构和从事汇兑业务的机构为客户向境外汇出资金时，应当登记汇款人的姓名或者名称、账号、住所和收款人的姓名或者名称、账号等信息，在汇兑凭证或者相关信息系统中留存上述信息，并向接收汇款的境外机构提供汇款人的姓名或者名称、账号、住所等信息。汇款人未在本机构开户，金融机构无法登记汇款人账号的，可以登记并向接收汇款的境外机构提供其他相关信息，确保该笔交易可跟踪稽核。
Where the amount of funds remitted abroad by a financial institution or an institution engaged in remittance services is RMB 5,000 or more per transaction, or the equivalent of USD 1,000 or more in foreign currency, the accuracy of the remitter’s information shall be verified. Where there are reasonable grounds to suspect that a client is involved in money laundering or terrorist financing, financial institutions shall take reasonable measures to verify the remitter’s information regardless of the amount remitted.
金融机构和从事汇兑业务的机构为客户向境外汇出资金金额为单笔人民币5000元或者外币等值1000美元以上的，应当核实汇款人信息的准确性。有合理理由怀疑客户涉嫌洗钱或者恐怖融资的，无论汇出资金金额大小，金融机构都应当采取合理措施核实汇款人信息。
When acting as an intermediary institution in cross-border remittance transactions, financial institutions shall fully transmit the remitter and recipient information attached to the remittance, take reasonable measures to identify any missing required remitter or recipient information, and, based on the risk profile, clearly specify the applicable circumstances for executing, rejecting, or suspending such remittance transactions, as well as the corresponding follow-up handling measures.
金融机构作为跨境汇款业务的中间机构时，应当完整传递汇款业务所附的汇款人和收款人信息，采取合理措施识别是否缺少汇款人和收款人必要信息，并根据风险状况，明确执行、拒绝或者暂停上述汇款业务的适用情形及相应的后续处理措施。
Where a financial institution receiving inbound remittances from abroad discovers that information such as the remitter’s name or entity name, account number, or address is missing, it shall require the overseas institution to supplement such information. If the remitter does not hold an account with the overseas institution handling the outbound remittance and the domestic receiving financial institution is unable to register the remitter’s account number, it may register other relevant information to ensure that the transaction can be traced and audited.
接收境外汇入款的金融机构，发现汇款人姓名或者名称、账号、住所等信息缺失的，应当要求境外机构补充。如汇款人未在办理汇出业务的境外机构开立账户，接收汇款的境内金融机构无法登记汇款人账号的，可以登记其他相关信息，确保该笔交易可跟踪稽核。
