Two departments issued the "Management Entity Registration Application and Agency Behavior Management Measures"

The General Administration of Market Supervision and the People's Bank of China have issued the "Management Measures for Registration Application and Agency Behavior of Operators." It is mentioned that the registration agent should conduct risk classification management of money laundering for the principal based on the information obtained from due diligence. For principals with long-term business relationships or multiple transactions, the registration agent should continuously monitor and evaluate the principal's risk status, transaction situation, and changes in identity information, promptly update or supplement the client's valid identity documents or other identity verification documents, identity information, or other information, conduct continuous due diligence to confirm that the relevant business and transactions comply with the understanding of the client's identity background, business needs, and risk status.