BUSINESS China's securities regulator to enhance crackdown on money laundering

BUSINESS

China's securities regulator to enhance crackdown on money laundering

Xinhua

00:57, June 03, 2019

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A bank employee counts RMB bank notes. (Photo: Sohu)

China's securities regulator will enhance its crackdown on money laundering, with a string of concrete measures.

Anti-money laundering will be further prioritized as it bears much importance for the stable and healthy development of the capital markets, the China Securities Regulatory Commission (CSRC) said in a statement.

The CSRC will enhance regulation cooperation and information sharing with the country's central bank, while the regulatory mechanism for anti-money laundering will be improved.

Supervision will be increased in terms of market access, anti-money laundering checks and punishment, and efforts will be made to train more experts in the field, the CSRC said.


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