Government and Policy

China's anti-money laundering strategy launched

By Zhao Chunzhe (
Updated: 2009-12-30 17:47
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China's first anti-money laundering strategy was released today by the Central Bank and anti-money laundering departments, reported.

The strategy focuses on the anti-terrorism financing network, which will supervise the lottery and payment system. Any funds transferred overseas that are deemed criminal will be claimed.

The Central Bank, the top monetary authority in China, has punished more than 500 finance agencies this year for violating rules.