The basic principle of customer identification is that when financial institutions establish business relations with customers or provide customers with one-time financial services such as cash remittance, cash exchange and bill payment, they require customers to show their real and valid identity documents or other identification documents, and check and register them, and do not provide services to unidentified customers.
Customer identification system is an internationally recognized important principle in the field of anti-money laundering. Together with the reporting system of large-value transactions and suspicious transactions and the system of keeping customer identity data and transaction information, it constitutes three basic systems to prevent money laundering confirmed by international anti-money laundering standards and anti-money laundering legislation in various countries.
As one of the three core anti-money laundering systems, customer identification system is at the first pass of anti-money laundering prevention, and it is also the premise and foundation for the smooth implementation of the other two systems, and plays a vital role in the anti-money laundering prevention process.
Anti-money laundering laws and regulations:
In order to implement the risk-oriented work law and guide the anti-money laundering obligation agencies (hereinafter referred to as the obligation agencies) to further improve the effectiveness of anti-money laundering customer identification, the relevant work on strengthening anti-money laundering customer identification is hereby notified as follows:
1. Obligatory institutions should strengthen the identification of non-natural person customers, and take reasonable measures to understand the business nature, ownership or control structure of non-natural person customers and relevant beneficial owner information when establishing or maintaining business relationships.
2. The obligatory agency shall identify the beneficial owner of the non-natural person customer in a reliable way according to the actual situation and relevant information or data obtained from reliable sources, and continuously pay attention to the information changes of the beneficial owner during the business relationship.
3. For tracing the beneficial owners of non-natural person customers, the voluntary agencies should go deeper and deeper step by step, and finally make it clear that the natural person has control or benefits.