The People's Republic of China: Financial Sector Assessment Program; Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)-Technical Note
IMF Staff Country Reports, June 26, 2018
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- 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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Bibliographic details
- Published: June 26, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484363799.002
Executive summary and key findings
- The Technical Note discusses findings and recommendations from 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.
- Additional steps were taken after the completion of the 2012 Mutual Evaluation follow-up report 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 prioritize the completion of the National Risk Assessment.
Subjects and keywords (as listed in the source)
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Corruption, Crime, Financial institutions, Insurance companies, Terrorism financing
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), asset disclosure regime, CFT obligation, CFT supervision, Corruption, CR, government, Insurance companies, ISCR, law enforcement authority, PBC HQ, procuratorial authorities, sector supervisor, Shanghai PBC branch, Terrorism financing
Publication metadata and document specifics
- Pages: 27
- Volume: 2018
- DOI: https://doi.org/10.5089/9781484363799.002
- Issue: 191
- Series: Country Report No. 2018/191
- Stock No: 1CHNEA2018002
- ISBN: 9781484363799
- ISSN: 1934-7685
International Monetary Fund. Monetary and Capital Markets Department "The People's Republic of China: Financial Sector Assessment Program; Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)-Technical Note", IMF Staff Country Reports 2018, 191 (2018), accessed 9/10/2026, https://doi.org/10.5089/9781484363799.002
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- Country Report