#Central Bank Responds to New Regulations on Personal Cash Deposit and Withdrawal # Withdrawing more than 50,000 cash needs to explain the reasons, fill in identity information, etc., in order to curb and combat money laundering, but also to prevent corruption and other illegal and disorderly behaviors.
It should be known that some criminals, in order to avoid being discovered by the relevant departments through bank transfers and other means, evade supervision by withdrawing cash, and then achieve the purpose of money laundering and bribery. Among other things, after some corrupt officials are investigated and punished, a large amount of cash can be found in the family, which is a very typical phenomenon. There are also criminals who launder money and transfer assets by withdrawing cash through underground money banks.
Therefore, the central bank's move is to curb illegal acts such as money laundering and bribery. The new rules have no impact on ordinary residents. Under normal circumstances, residents will not withdraw large amounts of cash to avoid losses. Therefore, it will not have any impact on the lives of residents. Headlines hit list
