China’s securities regulator to enhance crackdown on money laundering
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.