ChainCatcher news, according to the announcement of the State Administration of Foreign Exchange, the "Measures for the Administration of Bank Foreign Exchange Risk Transaction Report (Trial)" has been issued and will be implemented from now on. The "Measures" is a supporting document for the "Measures for the Administration of Bank Foreign Exchange Business (Trial)", which aims to strengthen the bank's foreign exchange risk management and conduct early identification, early warning and early disposal of high-risk transactions such as suspected false trade, underground banks, and illegal cross-border financial activities of virtual currencies.

The main contents include: clarifying the bank's foreign exchange risk transaction reporting responsibilities, requiring the establishment of a monitoring system and submitting reports; stipulating the scope of information reporting, including activities suspected of illegal and irregular cross-border capital flows; clarifying the content of the report, such as basic information and measures to be taken; strengthening internal management measures, including internal control systems and data confidentiality management.