CHINA: IMF DETAILED AML/CFT ASSESSMENT

On 21 June, the IMF published a report which provides a summary of the AML/CFT measures in place in the People’s Republic of China as at the date of the onsite visit in July 2018.  It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of China’s AML/CFT system and provides recommendations on how the system could be strengthened.  It says that China has undertaken a number of initiatives since 2002 that have contributed positively to its understanding of risks, although some important gaps remain; and that its framework for domestic AML/CFT co-operation and coordination is well established.

https://www.imf.org/~/media/Files/Publications/CR/2019/1CHNEA2019001.ashx


Sketch001

Sketch003Sketch002

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s