Breaking News Breaking News Starting from 5000 yuan, it must be verified!
The People's Bank of China and three other departments have issued new regulations: starting from January 1, 2026, any single overseas remittance exceeding 5000 yuan or 1000 US dollars must verify the identity of the remitter; suspicious transactions can be intercepted regardless of the amount.
Experts say that splitting remittances, underground banks, and other illegal methods will basically become ineffective, and accounts may face freezing and accountability. The new regulations will significantly enhance the transparency of cross-border funds.