Administrative Measures for the Reporting of Large-value Transactions and Suspicious Transactions by Financial Institutions (Revised in 2025)
Administrative Measures for the Reporting of Large-value Transactions and Suspicious Transactions by Financial Institutions (Revised in 2025)
Administrative Measures for the Reporting of Large-value Transactions and Suspicious Transactions by Financial Institutions (Revised in 2025)
Order of the People's Bank of China [2025] No. 10
September 30, 2025
Chapter I General Provisions
Article 1 These Measures are formulated in accordance with the Anti-Money Laundering Law of the People's Republic of China, the Law of the People's Republic of China on the People's Bank of China, the Counter-Terrorism Law of the People's Republic of China, and other relevant laws and regulations, to regulate the reporting of large-value transactions and suspicious transactions by financial institutions.
Article 2 The following institutions established within the territory of the People's Republic of China shall perform the reporting obligations of financial institutions regarding large-value transactions and suspicious transactions as prescribed in these Measures:
(1) Policy banks, commercial banks, rural cooperative banks, rural credit cooperatives, and village and township 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, finance companies of enterprise groups, financial leasing companies, automobile finance companies, consumer finance companies, money brokerage companies, and wealth management companies;
(5) Non-bank payment institutions; and
(6) Other institutions engaged in financial business as determined and announced by the People's Bank of China (PBC).
Institutions engaged in remittance business, fund distribution business, insurance agency and brokerage business, as well as online micro-lending companies, shall report large-value transactions and suspicious transactions in accordance with these Measures.
Article 3 Financial institutions shall fulfill their obligations to report large-value and suspicious transactions, submit such reports to the China Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC), and be subject to the supervision and inspection of the PBC and its branches.
Article 4 Financial institutions shall submit large-value transaction and suspicious transaction reports through their head offices or an organization designated by the head office, in accordance with the reporting channels and procedures specified in these Measures.
Chapter II Large-value Transaction Reports
Article 5 Financial institutions shall report the following large-value transactions:
(1) Any single or aggregate cash deposit, cash withdrawal, foreign exchange purchase or sale in cash, cash exchange, cash remittance, cash bill settlement, or other forms of cash receipt or payment on the same day amounting to CNY 50,000 or more, or the equivalent of USD 10,000 or more in foreign currency.
(2) Any single or aggregate fund transfer on the same day between a non-natural person customer's bank account and other bank accounts amounting to CNY 2 million or more, or the equivalent of USD 200,000 or more in foreign currency.
(3) Any single or aggregate domestic fund transfer on the same day between a natural person customer's bank account and other bank accounts amounting to CNY 500,000 or more, or the equivalent of USD 100,000 or more in foreign currency.
(4) Any single or aggregate cross-border fund transfer on the same day between a natural person customer's bank account and other bank accounts amounting to CNY 200,000 or more, or the equivalent of USD 10,000 or more in foreign currency.
The aggregate transaction amount shall be calculated on a per-customer basis and reported on a unilateral basis according to the inflow or outflow of funds, unless otherwise specified by the PBC.
The PBC may adjust the reporting thresholds for large-value transactions specified in the first paragraph of this Article as needed.
Article 6 For transactions that simultaneously meet two or more thresholds for reporting large-value transactions, financial institutions shall submit separate large-value transaction reports for each transaction.
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Order of the People's Bank of China [2025] No. 10
September 30, 2025
Chapter I General Provisions
Article 1 These Measures are formulated in accordance with the Anti-Money Laundering Law of the People's Republic of China, the Law of the People's Republic of China on the People's Bank of China, the Counter-Terrorism Law of the People's Republic of China, and other relevant laws and regulations, to regulate the reporting of large-value transactions and suspicious transactions by financial institutions.
Article 2 The following institutions established within the territory of the People's Republic of China shall perform the reporting obligations of financial institutions regarding large-value transactions and suspicious transactions as prescribed in these Measures:
(1) Policy banks, commercial banks, rural cooperative banks, rural credit cooperatives, and village and township 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, finance companies of enterprise groups, financial leasing companies, automobile finance companies, consumer finance companies, money brokerage companies, and wealth management companies;
(5) Non-bank payment institutions; and
(6) Other institutions engaged in financial business as determined and announced by the People's Bank of China (PBC).
Institutions engaged in remittance business, fund distribution business, insurance agency and brokerage business, as well as online micro-lending companies, shall report large-value transactions and suspicious transactions in accordance with these Measures.
Article 3 Financial institutions shall fulfill their obligations to report large-value and suspicious transactions, submit such reports to the China Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC), and be subject to the supervision and inspection of the PBC and its branches.
Article 4 Financial institutions shall submit large-value transaction and suspicious transaction reports through their head offices or an organization designated by the head office, in accordance with the reporting channels and procedures specified in these Measures.
Chapter II Large-value Transaction Reports
Article 5 Financial institutions shall report the following large-value transactions:
(1) Any single or aggregate cash deposit, cash withdrawal, foreign exchange purchase or sale in cash, cash exchange, cash remittance, cash bill settlement, or other forms of cash receipt or payment on the same day amounting to CNY 50,000 or more, or the equivalent of USD 10,000 or more in foreign currency.
(2) Any single or aggregate fund transfer on the same day between a non-natural person customer's bank account and other bank accounts amounting to CNY 2 million or more, or the equivalent of USD 200,000 or more in foreign currency.
(3) Any single or aggregate domestic fund transfer on the same day between a natural person customer's bank account and other bank accounts amounting to CNY 500,000 or more, or the equivalent of USD 100,000 or more in foreign currency.
(4) Any single or aggregate cross-border fund transfer on the same day between a natural person customer's bank account and other bank accounts amounting to CNY 200,000 or more, or the equivalent of USD 10,000 or more in foreign currency.
The aggregate transaction amount shall be calculated on a per-customer basis and reported on a unilateral basis according to the inflow or outflow of funds, unless otherwise specified by the PBC.
The PBC may adjust the reporting thresholds for large-value transactions specified in the first paragraph of this Article as needed.
Article 6 For transactions that simultaneously meet two or more thresholds for reporting large-value transactions, financial institutions shall submit separate large-value transaction reports for each transaction.
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