The People's Republic of China : Financial Sector Assessment Program; Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)-Technical Note

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

June 26, 2018

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for China in the Anti–Money Laundering and Combating the Financing of Terrorism (AML/CFT) areas. 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. 18/191

Subject:

English

Publication Date:

June 26, 2018

ISBN/ISSN:

9781484363799/1934-7685

Stock No:

1CHNEA2018002

Format:

Paper

Pages:

27

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