Monday, October 26, 2020

China issues rules for online financial bodies to battle money laundering

China issues rules for online financial bodies to battle money laundering 1
By Olaalpha

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China issues rules for online financial bodies to battle money laundering 2

China’s central bank on Wednesday issued anti-money laundering and counter-terrorism financing regulations for online financial institutions, as part of Beijing’s efforts to rein in financial risks. The institutions must set up internal control mechanisms for combating money laundering and terrorism financing, follow “know your customer” (KYC) […]

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