The People's Bank of China released the "Regulations on the Identification Management of Beneficial Owners of Financial Institution Customers".

On December 19, the People's Bank of China issued the "Management Measures for Identification of Beneficial Owners of Financial Institution Customers", emphasizing that financial institutions should identify and take reasonable measures to verify the beneficial owners of customers when conducting customer due diligence. The measures will be implemented from January 20, 2026. The measures clearly define the basic requirements and principles for financial institutions to identify and verify beneficial owners, and provide regulations on the identification standards, verification processes, and requirements for beneficial owners. In order to effectively implement the requirements of anti-money laundering laws, the measures also require financial institutions to establish a sound feedback mechanism to effectively handle and provide feedback on the results of beneficial owner information queries and verification. According to the introduction, the "Management Measures for Identification of Beneficial Owners of Financial Institution Customers" provides financial institutions with clearer institutional guidance, helps implement the requirements of customer due diligence by financial institutions, standardizes the identification and verification of beneficial owners, and further prevents and combats money laundering and terrorist financing activities.