Article 1 In order to prevent and curb money laundering and terrorist financing activities, standardize customer due diligence of financial institutions, keep customer identity data and transaction records, and safeguard national security and financial order, these Measures are formulated in accordance with the provisions of laws and administrative regulations such as the Anti-Money Laundering Law of People's Republic of China (PRC) and the Anti-Terrorism Law of People's Republic of China (PRC).

Article 2 These Measures shall apply to the following financial institutions legally established within the territory of People's Republic of China (PRC):

(1) Development financial institutions, policy banks, commercial banks, rural cooperative banks, rural credit cooperatives and village banks;

(2) Securities companies, futures companies and securities investment fund management companies.

(3) Insurance companies and insurance asset management companies;

(4) Trust companies, financial asset management companies, enterprise group finance companies, financial leasing companies, auto finance companies, consumer finance companies, money brokerage companies, loan companies and wealth management companies;

(5) Other institutions engaged in financial business as determined and announced by the People's Bank of China.

Non-bank payment institutions, bank card clearing institutions, fund settlement centers, and institutions engaged in remittance business, fund sales business, insurance professional agents and insurance brokerage business shall fulfill the obligations of customer due diligence, customer identity information and transaction record keeping, and the provisions of these Measures on financial institutions shall apply.

Article 3 Financial institutions shall be diligent and conscientious, follow the principle of "know your customer", identify and verify the identities of customers and their beneficial owners, and take corresponding due diligence measures for customers, business relationships or transactions with different risk characteristics of money laundering or terrorist financing.