The Measures for the Administration of Customer Identification and Customer Identity Data and Transaction Records of Financial Institutions proposes that financial institutions should properly keep customer identity data and transaction records to ensure that each transaction can be fully copied, so as to provide information needed for customer identification, transaction monitoring and analysis, suspicious transaction investigation and money laundering case investigation.
The Administrative Measures require that when commercial banks and other financial institutions handle a single large amount of RMB cash deposit and withdrawal business for natural person customers, they should check the valid identity documents or other identity documents of the customers.
Relevant regulations
The Administrative Measures pointed out that financial institutions should establish and improve internal operating procedures in terms of customer identification, customer identity information and transaction record keeping in accordance with anti-money laundering and anti-terrorist financing laws and regulations. Designate a special person to be responsible for the compliance management of anti-money laundering and anti-terrorist financing, rationally design business processes and operating norms, conduct internal audits on a regular basis, assess whether the internal operating rules are sound and effective, and revise and improve relevant systems in a timely manner.
The management measures point out that when securities companies, futures companies, fund management companies and other institutions engaged in fund sales handle the opening, closing, change and deposit and withdrawal of fund accounts; Open a fund account. When signing futures brokerage contracts and other 12 businesses with customers, you should check the valid identity documents or other identity documents of customers, register the basic information of customer identity, and keep a copy or photocopy of the valid identity documents or other identity documents.