["The Regulation Requiring 'Individuals to Register the Source of Funds for Cash Withdrawals Exceeding 50,000 Yuan' Has Been Canceled"] According to a report by Caixin, three departments (the People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission) jointly issued the "Administrative Measures for Financial Institutions on Customer Due Diligence and Preservation of Customer Identity Information and Transaction Records" yesterday. Among them, the regulation requiring "individuals to register the source of funds for cash withdrawals exceeding 50,000 yuan" has been canceled, consistent with the previous draft for public consultation. According to the new regulations, banks will no longer adopt a "one-size-fits-all" approach by questioning everyone during withdrawals. Instead, they will decide whether to "ask more questions" based on the risk level: in cases of higher money laundering risks, banks will "strengthen investigations" to understand the source and purpose of funds; for low-risk situations, simplified measures will be implemented.