On December 19, the People's Bank of China issued the “Administrative Measures on the Identification of Beneficial Owners of Financial Institutions Customers”, which emphasizes that financial institutions should identify and take reasonable measures to verify customer beneficial owners when carrying out customer due diligence investigations. The measures will be implemented from January 20, 2026. The method clarifies the basic requirements and principles for financial institutions to identify and verify beneficial owners, and stipulates identification standards, verification procedures and requirements for beneficial owners. In order to effectively implement the relevant requirements of the Anti-Money Laundering Law, the measures also require financial institutions to establish and improve differential feedback systems to effectively handle and provide feedback on beneficiary owners' information inquiries and verification results. According to reports, the “Administrative Measures on the Identification of Beneficial Owners of Financial Institutions Customers” provide financial institutions with more clear institutional guidelines, help implement due diligence requirements for financial institution customers, standardize the identification and verification of beneficial owners, and further prevent and curb money laundering and terrorist financing activities.

On December 19, the People's Bank of China issued the “Administrative Measures on the Identification of Beneficial Owners of Financial Institutions Customers”, which emphasizes that financial institutions should identify and take reasonable measures to verify customer beneficial owners when carrying out customer due diligence investigations. The measures will be implemented from January 20, 2026. The method clarifies the basic requirements and principles for financial institutions to identify and verify beneficial owners, and stipulates identification standards, verification procedures and requirements for beneficial owners. In order to effectively implement the relevant requirements of the Anti-Money Laundering Law, the measures also require financial institutions to establish and improve differential feedback systems to effectively handle and provide feedback on beneficiary owners' information inquiries and verification results. According to reports, the “Administrative Measures on the Identification of Beneficial Owners of Financial Institutions Customers” provide financial institutions with more clear institutional guidelines, help implement due diligence requirements for financial institution customers, standardize the identification and verification of beneficial owners, and further prevent and curb money laundering and terrorist financing activities.