Do banks also need large anti-money laundering declarations for their own loans?
According to the relevant provisions of the Anti-Money Laundering Law of People's Republic of China (PRC), large-value anti-money laundering transactions must be reported, whether it is loans lent by banks themselves or loans lent to banks by customers. After all, the ultimate goal of anti-money laundering is to control and understand the specific flow of funds. Once the funds flow, of course, they should be monitored.