The Measures for the Administration of Large Amount and Suspicious Transaction Reports of Financial Institutions are applicable to the following financial institutions legally established in People's Republic of China (PRC):
(1) Policy banks, commercial banks, rural cooperative banks, rural credit cooperatives and village banks.
(2) Securities companies, futures companies and fund management companies.
(3) Insurance companies, insurance asset management companies, insurance professional agencies and insurance brokerage companies.
(4) Trust companies, financial asset management companies, enterprise group finance companies, financial leasing companies, auto finance companies, consumer finance companies, money brokerage companies and loan companies.
(5) Other institutions engaged in financial business that should perform anti-money laundering obligations as determined and announced by the People's Bank of China.
Financial institutions shall fulfill the obligation of reporting large transactions and suspicious transactions, submit large transactions and suspicious transactions reports to China Anti-Money Laundering Monitoring and Analysis Center, and accept the supervision and inspection of the People's Bank of China and its branches.
Reference factors of suspicious transaction report
Financial institutions shall formulate their own transaction monitoring standards and be responsible for their effectiveness. Transaction monitoring standards include, but are not limited to, the identity and behavior of customers, as well as the source, amount, frequency, flow direction and nature of transactions, and should refer to the following factors:
(1) Guidelines on anti-money laundering and anti-terrorist financing laws and regulations, risk warnings, analysis reports on money laundering types and risk assessment reports issued by the People's Bank of China and its branches.
(2) analysis of crime situation, risk early warning, crime type report and work report issued by public security organs and judicial organs.
(3) The assets scale, geographical distribution, business characteristics, customer groups and transaction characteristics of the institution, and the risk assessment conclusions of money laundering and terrorist financing.
(4) Anti-money laundering supervision opinions issued by the People's Bank of China and its branches.
(5) Other factors required by the People's Bank of China.
Reference to the above contents: Baidu Encyclopedia-Measures for the Administration of Large and Suspicious Transaction Reports of Financial Institutions