The People's Republic of China: Financial Sector Assessment Program; Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)-Technical Note
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Summary:
This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for China in the areas of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT). The Chinese authorities have taken significant measures to enhance the AML/CFT legislative and regulatory framework since the 2007 Mutual Evaluation Report and have continued after the completion of the 2012 Mutual Evaluation follow-up report to take additional steps to bring the AML/CFT regime in line with the revised Financial Action Task Force standard. Continuing to implement these initiatives will strengthen the AML/CFT regime going forward. The authorities should also prioritize the completion of the National Risk Assessment.
Series:
Country Report No. 2018/191
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Corruption Crime Financial institutions Insurance companies Terrorism financing
English
Publication Date:
June 26, 2018
ISBN/ISSN:
9781484363799/1934-7685
Stock No:
1CHNEA2018002
Pages:
27
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