People's Bank of China, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission, Measures for the Administration of Customer Due Diligence and Keeping of Customer Identity Information and Transaction Records by Financial Institutions (Draft Revisions for Comments)

中国人民银行、中国银行保险监督管理委员会、中国证券监督管理委员会金融机构客户尽职调查和客户身份资料及交易记录保存管理办法 (修订草案征求意见稿)

April 09, 2021 | BY

Susan Mok

CBIRC expands the scope of due diligence on banking customers

Issued: March 31, 2021

 

Main contents: The Measures improve the requirements in respect of due diligence on customers of business (stages) that present relatively high risks, such as correspondent banking, exchange business, foreign dignitaries, internet and mobile communications.

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