Others News
- Anti-money laundering efforts
Date: 12-Nov-2007 Sources: (Shenzhen Daily)
THE government will strengthen anti-money laundering checks and monitoring at the securities and insurance companies to safeguard financial security, Central Bank Governor Zhou Xiaochuan said Friday.
China's anti-money laundering efforts were in the initial stage and needed further improvement, Zhou told the fourth trans-ministerial meeting on anti-money laundering in Beijing. The government would work to amend the Criminal Law to improve the efficiency of anti-money laundering investigations, indictments and trials, he said. The government planned to clamp down on the money laundering and money-raising activities by terrorists at the non-financial sectors, including property, lottery and law offices.
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