Draft of anti-money laundering law on agenda
Updated: 2006-04-18 08:43
The 21st Session of the Standing Committee of the 10th National People's
Congress (NPC) of China will review the draft of the anti-money laundering law
for the first time on April 25.
The Budgetary Work Committee of the NPC Standing Committee said on Monday
that with economic globalization and frequent transnational capital flow, money
laundering is not only prevalent in developed countries but also in developing
The international society has realized that fighting money laundering crimes
relies on international cooperation based on domestic and international
legislation, it added.
The coming session of the 10th NPC Standing Committee will continue to
deliberate drafts of the Law on Quality Safety of Agricultural Products,
Passport Law and an amendment to Compulsory Education Law.
The draft amendment to Partnership Law will be submitted to the coming
session for first deliberation.
The legislative session will also deliberate the motion on acceding to the
Joint Convention on the Safety of Spent Fuel Management and on the Safety of
Radioactive Waste Management, the motion on ratifying the extradition treaty
between China and Brazil, the motion on ratifying the Treaty on Criminal
Judicial Assistance between China and Spain, the motion on ratifying the
Extradition Treaty between China and Spain and the motion on ratifying the
Treaty on Criminal Judicial Assistance between China and