Large-value transaction reports are based on the "Administrative Measures for Reporting of Large-value Transactions and Suspicious Transactions of Financial Institutions": Financial institutions shall, within 5 working days after the occurrence of large-value transactions, report them through their headquarters or a person designated by the headquarters. An institution that submits large transaction reports electronically to the China Anti-Money Laundering Monitoring and Analysis Center in a timely manner. If there is no headquarters or it is impossible to report large-value transactions to the China Anti-Money Laundering Monitoring and Analysis Center through the headquarters and the institution designated by the headquarters, the reporting method shall be determined separately by the People's Bank of China. Large-value transactions that customers have through accounts or bank cards opened at domestic financial institutions will be reported by the financial institution that opened the account or the card-issuing bank; large-value transactions that customers have through overseas bank cards will be reported by the acquiring bank; customers Large-value transactions that do not occur through accounts or bank cards shall be reported by the financial institutions handling the business. The scope of the large-value transaction report includes Article 9. Financial institutions shall report the following large-value transactions to the China Anti-Money Laundering Monitoring and Analysis Center: (1) Single transaction Or cash deposits, cash withdrawals, cash foreign exchange settlements and sales, cash exchanges, cash remittances, cash bill settlements and other forms of cash receipts and payments on the same day with accumulated RMB transactions of more than 200,000 yuan or foreign currency transactions equivalent to 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) A single transfer of more than 500,000 yuan or a foreign currency equivalent of more than 100,000 US dollars between the bank accounts of natural persons, as well as between the bank accounts of natural persons and legal persons, other organizations and individual industrial and commercial households. (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 the same day. The cumulative transaction amount is based on a single customer and is calculated and reported unilaterally based on the status of fund receipts or payments, unless otherwise stipulated by the People's Bank of China. Customers conduct financial transactions with 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, automobile finance companies, currency brokerage companies, etc., through For transfers of funds from bank accounts, commercial banks, urban credit cooperatives, rural credit cooperatives, postal savings and remittance institutions, and policy banks shall report money laundering to China in accordance with the provisions of Items (2), (3), and (4) of Paragraph 1. The monitoring and analysis center submits large transaction reports. The People's Bank of China may adjust the large-amount transaction standards specified in paragraph 1 as necessary. Article 10 For large-amount transactions that meet one of the following conditions, if the transaction is not found to be suspicious, the financial institution may not report it: (1) After the time deposit expires, it will not be directly withdrawn or transferred, but the principal or capital will be transferred. All or part of the interest plus the funds will be renewed and deposited into another account under the same account name opened at the same financial institution. The principal of a demand deposit or the principal plus all or part of the interest is converted into a time deposit in another account under the same account name opened at the same financial institution. The principal of a time deposit or the principal plus all or part of the interest is converted into a demand deposit in another account under the same name opened at the same financial institution. (2) Conversion between different foreign currencies during the actual foreign exchange purchase and sale transactions of natural persons. (3) One party to the transaction is party agencies, state power agencies, administrative agencies, judicial agencies, military agencies, People's Political Consultative Conference agencies and the People's Liberation Army and armed police forces at all levels, but does not include various enterprises and institutions under them. (4) Inter-bank lending by financial institutions and bond transactions in the inter-bank bond market. (5) Gold transactions conducted by financial institutions on gold exchanges. (6) Internal allocation of funds by financial institutions. (7) Transactions under the loan on-lending business of international financial organizations and foreign governments. (8) Debt swap transactions under loans from international financial organizations and foreign governments. (9) Taxation, correction of wrong accounts, and interest payments initiated by commercial banks, urban credit cooperatives, rural credit cooperatives, postal savings and remittance institutions, and policy banks. (10) Other circumstances determined by the People's Bank of China.
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