Abstract : The People’s Bank of China,China Bank Insurance Regulatory Commission and China Securities Regulatory Commission jointly released the Administrative Measures of Anti-Money Laundering and Anti-Terrorist Financing for Internet Finance Entities (for Trial Implementation).

China’s three top regulators-the People’s Bank of China (PBoC), China Bank Insurance Regulatory Commission (CBIRC) and China Securities Regulatory Commission (CSRC) jointly released the Administrative Measures of Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) for Internet Finance Entities (for Trial Implementation) (“Measures”) , which comes into effect since 1st January 2019.

The Measures aim to establish an AML regulatory mechanism combining the regulator’s supervision and self-regulatory…

Jag DeSaint

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store