China central bank to strengthen anti-money laundering cooperation overseas

China’s central bank said on Wednesday it would strengthen cooperation with countries including European nations to curb cross-border money laundering activities.

The People’s Bank of China (PBOC) said in a statement that cross-border cooperation would focus on anti-money laundering regulation, financial information exchange, and asset recovery among other areas.

The statement, sent to Reuters via email, was given in response to a Reuters story last week in which a senior official at the European police agency Europol warned that the Baltic states were at risk from “huge inflows of criminal money” from Russia and China.

Original article on www.euronews.com