The authenticity audit of the bank includes the rationality of the transaction. The authenticity audit of banks can not be limited to the superficial authenticity of vouchers and commercial documents, but also needs the transaction itself to be true and compliant, consistent and reasonable with foreign exchange receipts and payments.
In fact, it is to understand customers and business and do due diligence. This is the trump card of the bank. Due diligence is not only the requirement of regulatory authorities, but also the criterion of self-discipline. In order to strengthen the authenticity and compliance audit, banks should do the following:
Foreign exchange receipts and payments and foreign exchange settlement and sale business information, whether under current account or capital account, such as customer identity information, transaction information, foreign exchange business information, etc. , we must adhere to the authenticity and compliance audit, authenticity and compliance itself include the factors of transaction rationality.
The authenticity and compliance audit cannot be limited to the superficial authenticity of vouchers and commercial documents (such as whether contracts, bills of lading and warehouse receipts are true and valid, etc.). ), and the transaction itself needs to be true and compliant, consistent with foreign exchange receipts and payments.