Via Ifeng:
April 20 evening, the People’s Bank of China Business Management Department (equivalent to the Beijing Branch) in its official website, and Beijing Construction Committee, the Beijing Banking Regulatory Bureau jointly announced an important document: “on real estate development enterprises real estate brokerage agencies to implement anti-money laundering Obligations of the notice “.
This document in the name of “anti-money laundering” to show us the future of the country can take a control of the property market killer!
Let’s take a look at the core of the document:
1, follow the “understanding of your customers” principle, real estate development enterprises in the sale of housing, real estate brokerage agencies in the provision of second – hand housing transactions brokerage services, housing transactions should be the identity of the parties to check information, registration, and in the housing sales contract online link, Ask the transaction party to fill in the confirmation of the relevant identification form, upload a valid identity document, business license or other identification documents copy or photocopy information.
2, the real estate development enterprises in the sale of housing, real estate brokerage institutions in the provision of second – hand housing transactions brokerage services, the parties should be asked to buy housing transactions in the form of bank transfer to pay, and must use the seller and the buyer ‘s bank account, Sale funds, stock exchange transaction funds to monitor the special account for funds to pay; if a refund occurs, should be the original payment method, the funds returned to the seller and the buyer’s bank account. If you need to use cash to pay, you need to complete the bank account through the buyers and sellers, the business of the commercial banks to be in accordance with the relevant provisions of anti-money laundering, the day single or cumulative transaction of 50,000 yuan (including 50,000 yuan) in cash Report large transactions.
3, real estate development enterprises, real estate brokerage agencies in the sale, to provide brokerage services, have to bear the obligation to identify suspicious transactions and responsibilities. The suspicious transaction shall be reported to the administrative department of anti – money laundering or the public security organ.
4, this notice since May 1, 2017 trial.
For the impact of this document, so far the media are not fully seen through. We only noted that the second point, that is, “housing transactions parties to purchase money to pay the way to bank transfer, and must use the seller and the buyer’s bank account.”
Bluntly, is to prohibit the use of cash to buy a house to prevent money laundering. In the past we often see such a report: Wenzhou or where the real estate group, the Hawker drove with a few sacks of cash to buy a house. In this cash transaction, one may be tax evasion, but there may be money laundering.
By buying a house, those who do not pay the cash income, or corruption and bribery of the property, it becomes a legitimate property. The future in the sale of time, the funds can openly into the banking system, was completely washed white.
Beijing after the introduction of this practice, the direct impact is: corrupt officials with money to buy a house is not convenient, and some tax evasion of the business owner to buy a house is not convenient. The direct impact is that the property market turnover will decline, is conducive to urban regulation and lower prices.
In fact, when buying a house must go through the bank account, and must be paid from the homeowners account to pay the first payment, purchase money, in Shenzhen and other cities have already been implemented, it is estimated that Beijing has also been implemented. This time, but the official further reiterated, strictly only.
Therefore, the lethality of this measure is not only to set an example for the country, blocking the way to wash money. More importantly, it shows us a way: the state at any time to ask buyers to provide more stringent proof of income, or proof of the source of the first payment.
Some immigrant immigrants are aware that more and more countries are asking for immigrants from China to provide legal evidence of their sources of income. You through the underground bank down to Hong Kong money, remitted to the target country is not acceptable. The other party even asked you the source of income and exchange certificate, that your money is how to produce in China, and ultimately how to leave China.
In the future, the property market regulation can also require each homebuyer to provide the first payment source, when the time can check your money from wages or bonuses, or parents to provide assistance, or from the down payment or private lending. You suddenly deposited into their account of large amounts of cash, when the time must account for the source, or even check you have no tax.
When the bank is serious, through the way through the supervision of “know the customer”, you are basically placed under the microscope. By then, buying a house is a very risky thing. Well, the Inland Revenue Department will know that you are tax evasion, the central bank know you money laundering, the Commission for Discipline Inspection know you bribe, the bank know you use the first mortgage.
Buy a house before you need to first reflect on three days to see if their money is clean or not, is there a loophole. At that time, if you hate who, to persuade him to buy a house, to the eyes!
To that time, if your funds have the slightest flaws, but also dare to buy it? As for the real estate, it is even more clearly seen.
When the government really want to control the price when the real estate speculators are no way to escape!
I can’t see how that is going to boost property demand.
At least, not in China. The corrupt are welcome in Australia.
