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ICBC customer identification requirements for cross-border remittance transactions
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As per the latest Chinese regulatory requirements on customer identification for cross-border transfer business, please note that swift messages for remittance transactions on behalf of clients via your good bank’s vostro accounts opened with ICBC should include the following detailed information:
(1) Account numbers of both ordering and beneficiary customers. Messages with no account number, or simply the number zero (“0”) or other invalid input are not acceptable.
(2) Full names of both ordering and beneficiary customers. Corporate customers should use their registered name; while for individual customers, the full name should be consistent with his/her name printed on a valid ID document.
(3) Detailed addresses of both ordering and beneficiary customers. The address should contain the following information in order – unit number, street, city, country and zip code. The address cannot be a PO Box number. Corporate customers should provide the address of their operation location and/(or) permanent premise. Individual customers who have no residential address can provide the address as printed on valid ID documents.
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（2018-12-10）
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