Publication of the "Management Measures for the Identification of Beneficial Owners of Financial Institution Clients"

The "Measures for the Identification and Verification of Beneficial Owners of Financial Institution Customers" was reviewed and passed at the 18th meeting of the China People's Bank in 2025 on December 12, and is now publicly announced to be implemented from January 20, 2026. Financial institutions should carry out the identification and verification of beneficial owners based on the following principles: the principle of risk. Financial institutions should identify and verify the beneficial owners of customers by taking differentiated measures appropriate to the level of risk based on risk. The principle of reasonableness. Financial institutions should diligently understand the ownership and control structure of customers through reasonable means, identify and take reasonable measures to verify the beneficial owners, and ensure that they understand the identity information and rights status of the beneficial owners of customers. The principle of reliability. Financial institutions should identify and verify beneficial owners through reliable supporting materials, data, or information and should comprehensively consider the overall reliability of these different sources of evidence, data, or information after mutual confirmation.