On November 4, according to China News Network, the draft revision of the Anti-Money Laundering Law was submitted to the Standing Committee of the 14th National People's Congress for three reviews on the 4th. The third review draft further clarifies the conditions for financial institutions to adopt money laundering risk management measures to avoid affecting customers 'normal financial activities. The third review draft of the draft clearly states that if it is found that the transactions conducted by the customer are inconsistent with the customer identity and risk status known by the financial institution, the relevant information of the customer and the transaction shall be further verified; if there is a high risk of money laundering, restrictions on transactions may be taken when necessary. Money laundering risk management measures such as method, amount or frequency, restriction of business types, refusal to handle business, and termination of business relationships. At the same time, the third draft review of the draft improves the mechanism for handling objections to money laundering risk management measures, and adds provisions that financial institutions should handle objections involving customers 'basic and necessary financial services in a timely manner. In addition, the third review draft of the draft stipulates the legal responsibilities of units and individuals for failing to adopt special anti-money laundering preventive measures in accordance with regulations, and stipulates corresponding legal responsibilities for specific non-financial institutions and related practitioners.