The time limit for reporting large transactions is 5 working days after the transaction occurs.

Large-value transaction report:

Large-value transaction report is a large-value transaction that occurs through an account or bank card opened by a domestic financial institution. It is prepared by the financial institution that opened the account. Reports shall be made by institutions or card-issuing banks; large-value transactions made by customers through overseas bank cards shall be reported by the acquiring bank; large-value transactions made by customers not through accounts or bank cards shall be reported by the financial institution handling the business.

From January 1, 2019, the central bank’s new regulations on large-value transaction reporting by non-bank payment institutions will be implemented. Large-value transactions of more than 50,000 yuan in accounts such as Alipay, WeChat Pay, Alipay, and WeChat Pay will be Accept the supervision and management of the central bank.

Financial institutions shall report the following large-value transactions to the China Anti-Money Laundering Monitoring and Analysis Center:

(1) A single or cumulative RMB transaction of more than 200,000 yuan on the same day or a foreign currency transaction equivalent to 1 Cash deposits, cash withdrawals, cash foreign exchange settlements and sales, cash exchanges, cash remittances, cash bill payments and other forms of cash receipts and payments of more than 10,000 US dollars.

(2) A single transfer or a daily cumulative transfer of more than 2 million yuan or a foreign currency equivalent of more than 200,000 US dollars between the bank accounts of legal persons, other organizations and individual industrial and commercial households.

(3) Between the bank accounts of natural persons, and between the bank accounts of natural persons and legal persons, other organizations and individual industrial and commercial households, a single transaction or a cumulative total of more than 500,000 yuan or a foreign currency equivalent of more than 100,000 US dollars on the same day Money transfer.

(4) One party to the transaction is a natural person, and the cross-border transaction is worth more than US$10,000 in a single transaction or on a cumulative basis on that day.

The cumulative transaction amount is based on a single customer, and is calculated and reported unilaterally based on the income or payment of funds, unless otherwise specified by the People's Bank of China.

Customers and securities companies, futures brokerage companies, fund management companies, insurance companies, insurance asset management companies, trust investment companies, financial asset management companies, finance companies, financial leasing companies, auto finance companies, currency brokers Where companies, etc. conduct financial transactions and transfer funds through bank accounts, commercial banks, urban credit cooperatives, rural credit cooperatives, postal savings and remittance institutions, and policy banks shall comply with paragraphs (2), (3), and (4) of paragraph 1. Submit large-value transaction reports to the China Anti-Money Laundering Monitoring and Analysis Center in accordance with the provisions of the item.

The People's Bank of China may adjust the large-amount transaction standards specified in paragraph 1 as necessary.