Financial institutions shall, within several working days after the occurrence of large-value transactions, pass

A financial institution shall, within 5 working days after the occurrence of a large-value transaction, submit a large-value transaction report to China Anti-Money Laundering Monitoring and Analysis Center by electronic means in time through its headquarters or an institution designated by the headquarters.

if there is no headquarters or it is impossible to submit large-value transactions to China Anti-Money Laundering Monitoring and Analysis Center through the headquarters and the institutions designated by the headquarters, the reporting method shall be separately determined by the People's Bank of China.

Extended information

The Measures for the Administration of Reports on Large Transactions and Suspicious Transactions of Financial Institutions stipulates

Article 11 If a financial institution discovers or has reasonable reasons to suspect that clients, clients' funds or other assets, clients' transactions or attempted transactions are related to criminal activities such as money laundering and terrorist financing, it shall submit a suspicious transaction report regardless of the amount of funds involved or the value of assets.

Article 12 A financial institution shall formulate its own transaction monitoring standards and be responsible for their effectiveness. Transaction monitoring standards include, but are not limited to, the identity and behavior of customers, and the abnormal source, amount, frequency, flow direction and nature of transaction funds, and should refer to the following factors:

(1) Anti-money laundering and anti-terrorist financing regulations and guidelines, risk tips, money laundering type analysis reports and risk assessment reports issued by the People's Bank of China and its branches.

(2) analysis of crime situation, risk warning, crime type report and work report issued by public security organs and judicial organs.

(3) the asset scale, geographical distribution, business characteristics, customer groups and transaction characteristics of the institution, and the risk assessment conclusions of money laundering and terrorist financing.

(4) Anti-money laundering supervision opinions issued by the People's Bank of China and its branches.

(5) Other factors required by the People's Bank of China.

Baidu Encyclopedia-Measures for the Administration of Large Transaction and Suspicious Transaction Reports of Financial Institutions