New China data law threatens KYC efforts

Local banks will need permission to export any data that could end up in the hands of foreign law enforcement bodies


A new Chinese data protection law that will come into effect in September threatens to make it harder for the offshore know-your-customer (KYC) functions of global banks to meet risk management and regulatory obligations.

While personal data laws are not new to China – and have been gradually tightened in recent years – the new requirements add a fresh twist by preventing domestic organisations and individuals from providing data stored onshore “to foreign justice or law enforcement bodies

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here