Personal deposits and withdrawals of more than 50,000 yuan in cash will be registered, and it will be implemented in March. "Personal deposits and withdrawals of more than 50,000 yuan in cash need to register the source of funds" was posted on Weibo Hot Search, which attracted the attention of netizens. Individuals who deposit and withdraw cash of more than 50,000 yuan will be registered and will be implemented in March.
Personal deposit and withdrawal of cash above 50,000 yuan will be registered, and it will be implemented in March. 1 It has always been very convenient for everyone to go to the bank to deposit and withdraw money. You can deposit and withdraw money within 50,000 yuan at any time without any restrictions.
However, after March 1 day, 2022, if the deposit and withdrawal amount exceeds 50,000 yuan, some obvious changes will occur, so real-name registration must be carried out.
The central bank requires: after March 20 12, the limited amount exceeds 50,000 yuan and needs to be registered.
On 26/2022 1 month, the central bank issued document No.2022 1 "Administrative Measures for Customer Due Diligence Investigation and Customer Identity Data and Transaction Records of Financial Institutions" in official website, which came into effect on March 1 day, 2022.
This document has made very detailed provisions on the transaction records of customers of financial institutions, among which Article 10 explicitly mentions:
Commercial banks, rural cooperative banks, rural credit cooperatives, rural banks and other financial institutions shall identify and verify the identity of customers, and know and register the source or use of funds when handling cash deposit and withdrawal business of RMB 50,000 yuan or more or foreign currency equivalent of 1 10,000 dollars or more for natural person customers.
This means that after March 1 day, 2022, you need to fill in detailed information when you go to the bank to deposit or withdraw more than 50,000 yuan.
According to the information disclosed by the media, the registration content of large cash withdrawal mainly includes name, card number, amount, industry category and withdrawal purpose, and it also needs to be reviewed and signed by the person in charge of the outlet.
There is a very detailed content in it, that is, the purpose of withdrawal. Although the registration content of the purpose is different for public customers and individual users, there are several main types of withdrawal purposes registered by individual users:
Food, tobacco and alcohol outlets; Clothing; Living; Daily necessities and services; Transportation and communication; Education, culture and entertainment; Medical care; Personal collection transaction; Operating expenses; Consumption abroad; Overseas investment; Overseas trade; Others.
The content of deposit registration is similar to that of withdrawal, but it is different among the sources of individual users' deposits. There are several options for the main sources:
Income from wages and salaries; Income from production and operation of individual industrial and commercial households; Income from contracted operation and leased operation of enterprises and institutions; Income from labor remuneration; Income from remuneration; Income from royalties; Income from interest, dividends and bonuses; Income from property lease; Income from property transfer; Personal collection transaction; Operational income; Withdrawal from overseas financial institutions; Exchange by overseas exchange institutions; Carrying the surplus out of the country in the early stage; Others.
Judging from the contents of these registrations, the contents of the registration are still very detailed, and everyone must fill them out truthfully, otherwise they may be targeted by the regulatory authorities at any time.
In fact, the real-name registration of large cash withdrawals is not just now. As early as 2020, the central bank began to register large cash in some provinces and cities.
In 2020, the People's Bank of China issued the Notice on Launching the Pilot Project of Large Cash Management, and decided to launch the pilot project of large cash management in Hebei Province, Zhejiang Province and Shenzhen City from July 1 2020, with a pilot period of 2 years.
Among them, Hebei Province began to implement deposit and withdrawal from July 1 day, 2020. If the deposit and withdrawal amount exceeds 100,000 yuan, it needs to be registered, and Zhejiang Province and Shenzhen City will start to implement it from July10/0, 2020, in which Shenzhen needs to register if the deposit and withdrawal amount exceeds 200,000 yuan, and Zhejiang needs to register if it exceeds 300,000 yuan.
Why does the central bank have to register its real name when it requires cash deposits and withdrawals of more than 50,000 yuan?
Some netizens may be curious, why should the regulatory authorities implement real-name registration of large cash deposits and withdrawals?
In fact, the most fundamental reason is to combat money laundering and prevent financial risks.
In the past few decades, with the continuous development of China's economy and society, money laundering activities have become more and more frequent, and the behavior of money laundering has become more and more hidden.
However, with the continuous development of science and technology, there are more and more means of backwashing Q in China, and online money laundering activities have basically been blocked. Under this background, many criminals take money laundering offline and achieve the purpose of money laundering by depositing and withdrawing cash.
In order to crack down on this kind of offline money laundering, China's regulatory authorities and banks have been cracking down on money laundering very hard. For example, the Measures for the Administration of Reporting Large-value Transactions and Suspicious Transactions of Financial Institutions were introduced a long time ago. If users withdraw cash or transfer money to meet a certain amount, they will be reported as large-value suspicious transactions.
Although banks have been very strict in monitoring large suspicious transactions in recent years, there are still many people who use some more subtle means to achieve the purpose of money laundering, especially through small scattered cash deposits and withdrawals, which makes supervision difficult to trace back.
If money laundering can't stop some criminal activities, it can't be stopped. For example, telecom fraud has been rampant in recent years, and these telecom fraud proceeds legalize the fraud income through various hidden means of money laundering, which has caused many victims to suffer huge losses.
In order to further crack down on this money laundering and prevent some criminal activities, in early 2022, the People's Bank of China, the Ministry of Public Security, the National Supervisory Commission (NSC), the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of National Security, the General Administration of Customs, State Taxation Administration of The People's Republic of China, China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange jointly issued the Three-year Action Plan for Combating and Governing Money Laundering Crimes (2022-2024). It is decided to launch a nationwide three-year campaign to crack down on money laundering crimes from October, 2022 to February, 2024, with the People's Bank of China and the Ministry of Public Security as the lead units.
Immediately after the issuance of this document, the People's Bank of China promulgated the Administrative Measures for Customer Due Diligence Investigation and Customer Identity Data and Transaction Records of Financial Institutions, requiring users to register their real names when they deposit or withdraw cash of more than 50,000 yuan (equivalent to foreign currency 1 10,000 US dollars).
What impact will the real-name registration of large cash have on everyone? Can I still withdraw money normally?
Seeing that after March 2022, the cash deposit and withdrawal will reach more than 50,000 yuan, and real-name registration must be carried out. Many friends may be worried about whether this will affect their normal deposit and withdrawal.
First of all, I will give you a reassurance. The fundamental purpose of the central bank's policy is to crack down on some money laundering and illegal and criminal activities. If everyone deposits and withdraws cash legally and reasonably, it will have no impact, at most, it is just one more procedure.
The central bank should register the deposits and withdrawals of more than 50,000 yuan in real name, which can further trace the flow of cash and give a great shock to those money laundering activities.
Once you deposit and withdraw more than 50,000 yuan in cash, you need to register with your real name. Those illegal and criminal gains will not dare to deposit and withdraw cash through the bank to launder money, because when you fill in the information, the bank will match it according to the information in the system. If you find that the information you fill in is untrue and is very different from your trading habits and trading history, the bank will report the money to the central bank's backwashing Q center at any time, and the relevant accounts may be frozen at any time.
However, if everyone's money is obtained through their own efforts, it is legal and reasonable, and there is no violation of laws and regulations. Even if it is registered, it will have no impact on everyone, and everyone will deposit and withdraw money as usual.
However, we need to remind everyone that when filling in the purpose or source of cash deposit and withdrawal, we must fill it in truthfully. Don't be too careful and check a false reason. In case the banking system finds that the content you check is very different from daily transactions and historical records, you may become the focus of backwashing Q.
In short, as long as everyone's income is legal and reasonable, and real information is filled in when depositing and withdrawing cash, it won't have any influence.
Personal cash deposits and withdrawals of more than 50,000 yuan will be registered, and will be implemented in March. Since March, cash deposits and withdrawals will usher in new regulations.
From March 1 2022, the Administrative Measures on Customer Due Diligence and Customer Identity Data and Transaction Records of Financial Institutions issued by the central bank and other three departments will be formally implemented.
The measures stipulate that commercial banks, rural cooperative banks, rural credit cooperatives, rural banks and other financial institutions should identify and verify the identity of customers, and understand and register the source or use of funds if they handle cash deposit and withdrawal business of RMB 50,000 yuan or more or foreign currency equivalent of 1 10,000 US dollars or more for natural person customers.
Subsequently, "individuals need to register the source of funds when they deposit and withdraw cash exceeding 50,000 yuan" boarded a hot search in Weibo, causing concern.
Data map of RMB. Photo by Zhang Yun
Why do you want to introduce such a method?
In a word, it is to backwash Q.
In response to a reporter's question, the person in charge of relevant departments pointed out that in recent years, with the changes in financial products and business models, there have been some new challenges in the backwashing Q work in the financial industry. In order to enhance China's ability to prevent money laundering and terrorist financing risks, it is necessary to further improve the backwashing Q supervision system and strengthen the backwashing Q supervision by formulating the Measures.
The reporter of Zhongxin Finance noted that on the same day when the Measures were promulgated, the People's Bank of China, the Ministry of Public Security and other 1 1 departments announced that they would launch a nationwide three-year campaign to crack down on money laundering crimes from 2022 1 month to 20241February, and resolutely curb the spread of money laundering and related crimes.
Previously, the central bank began to carry out large-sum cash management in Hebei Province from July 1 day, and in Zhejiang Province and Shenzhen from July 10/day. Personal deposits and withdrawals of Hebei100000 yuan or more, Shenzhen's personal deposits and withdrawals of 200000 yuan or more, and Zhejiang's personal deposits and withdrawals of 300000 yuan or more should be registered. The pilot period is 2 years.
There is no doubt that the backwashing Q is escalating.
Dong Ximiao, chief researcher of Zhaolian Finance, told Zhongxin Finance that cash is anonymous and untraceable, and large amounts of cash are often used for illegal activities such as money laundering and tax evasion, which endangers the national economic and financial order. Especially in today's environment where non-cash payment methods are very convenient, the proportion of cash use is declining, and it is rare for ordinary depositors to use large amounts of cash.
Dong Ximiao said, therefore, the introduction of new regulations by the three departments to further supplement and improve the relevant requirements of customer due diligence with reference to internationally accepted standards will help improve the supervision system of backwashing Q, crack down on illegal cash use demand, improve the level of backwashing Q, reduce money laundering and other criminal acts, and maintain financial security.
Data map: The bank teller is working. Photo by Ai Qinglong
In this way, will it bring inconvenience to ordinary depositors?
Dong Ximiao believes that the new method has little impact on ordinary customers. First of all, there are really not many cases of personal access to 50,000 yuan in cash. Mobile payment and diversified non-cash payment methods such as digital RMB in the pilot can already meet people's daily needs, and it is not necessary to use cash. Secondly, even if you need to deposit and withdraw more than 50,000 yuan in cash, you only need to fill in a large cash business form, check the purpose of withdrawal and the source of deposit, and do not require proof materials, which has little impact on the convenience of deposit and withdrawal.
"It's fair and square. If you go straight, you are not afraid of the rules. Just fill it out clearly." "What is there to worry about if you don't do something bad? Understand the good intentions of the bank." "Prevent criminals from laundering money and support this decision." Many netizens also expressed their support for the new regulations.
Individuals who deposit or withdraw cash of more than 50,000 yuan will be registered. Three days before the implementation in March, in order to improve the supervision mechanism of backwashing Q and further enhance the risk prevention ability of money laundering and terrorist financing in China, the People's Bank of China, the Insurance Regulatory Commission of the Bank of China and the China Securities Regulatory Commission jointly issued the Administrative Measures on Customer Due Diligence of Financial Institutions and Preservation of Customer Identity Data and Transaction Records (hereinafter referred to as the Measures), which will be implemented on March 1 2022.
Personal access to cash exceeding 50,000 yuan requires registration of the source of funds.
The Measures mentioned that financial institutions will increase control over bank accounts of units and individuals, and conduct due diligence on customer identity data and transaction records. Among them, there are provisions for individuals to deposit and withdraw cash, remittances and other related businesses-that is, individuals need to register the source or use of funds when handling a single deposit and withdrawal business of more than 50,000 yuan.
Specifically, after March 1 day, going to commercial banks, rural cooperative banks, rural credit cooperatives, rural banks and other financial institutions to handle a single cash deposit and withdrawal business of more than RMB 50,000 yuan or foreign currency equivalent to 1 10,000 US dollars for natural person customers will go through three steps: verifying identity information, verifying the source of funds and verifying the use of funds.
The new regulations will not limit the deposit and withdrawal amount of depositors, but when the cash deposit and withdrawal amount exceeds 50,000 yuan or equivalent foreign exchange, an additional procedure is needed to fill in the source or use of funds. The staff of a joint-stock bank said that at present, customers who withdraw 200,000 yuan or more need to contact the account manager for approval to confirm the use of cash, and they need to withdraw 50,000 yuan in March 1 future. The staff of a state-owned bank reminded that it is best to bring your ID card to the bank outlet one day in advance for approval.
Legal sources are not restricted.
"Legal income, including salary bonus, year-end bonus, performance, reasonable financial management income, freelance income or pension and provident fund, etc., are all legal sources. Although they will be reviewed, even if they exceed 50,000, they will not be affected." Banking professionals remind the general public that in the future, they only need to actively cooperate with bank staff to check large deposits and remittances.
The reporter learned that the public has different views on this new regulation issued by the central bank. Xiao Li, a citizen, believes that although the procedures have become more complicated, the access has not been greatly affected. Ms. Zou, who has many years of financial management experience, expressed her full support. The implementation of supporting measures will help protect the property safety of the people and crack down on some illegal and criminal acts.
Curb and crack down on money laundering and other illegal and criminal acts.
The reporter found that the People's Bank of China had issued the Measures for the Administration of Large-value Transactions and Suspicious Transactions Reports of Financial Institutions, which came into effect on July 20 1 July 71day, and the reporting standard of RMB for large-value cash transactions has been adjusted from "200,000 yuan" to "50,000 yuan". The measures stipulate that financial institutions shall submit large transaction reports for cash deposits, cash withdrawals, cash settlement and sale, cash exchange, cash remittance, cash bill payment and other forms of cash receipts and payments with a single or cumulative transaction of more than RMB 50,000 (including RMB 50,000) and a foreign currency equivalent of more than 1 10,000 (including 1 10,000) on the same day.
It is understood that in the demand for large cash deposits and withdrawals, some criminals use the anonymity and untraceability of cash to engage in money laundering, tax evasion, corruption and bribery. Therefore, it is a heavy blow to money laundering and other illegal acts to verify the identity and register the source of funds when a bank deposits or withdraws more than 50,000 yuan, which is basically to safeguard the country's financial security and economic security, as well as tax fairness and social fairness.