The People's Bank of China held its 2026 Anti-Money Laundering Work Conference, reviewing 2025 anti-money laundering (AML) work and setting out the key areas of focus for 2026, including orderly implementation of the newly revised Anti-Money Laundering Law of the People's Republic of China and preparations for the fifth round of international AML assessment. The conference assessed 2025 progress as including improvements to the AML framework, stronger supervision of financial institutions, advances in beneficial owner information management, and strengthened AML supervision of specific non-financial institutions, alongside continued enforcement, monitoring and analysis, and deeper international cooperation. For 2026, priorities include leveraging the inter-ministerial joint conference mechanism, improving supervisory capabilities across financial institutions and specific non-financial institutions, raising the quality of beneficial owner information, and establishing a normalized working mechanism to crack down on money laundering violations and crimes, with the meeting chaired at senior level by Vice Governor Xuan Changneng.
Central Bank of the Republic of China 2026-01-27
People's Bank of China sets 2026 anti-money laundering priorities centred on revised AML law implementation and the fifth round international assessment
The People's Bank of China held its 2026 Anti-Money Laundering Work Conference, reviewing 2025 progress and setting 2026 priorities, including implementing the revised Anti-Money Laundering Law and preparing for the fifth international AML assessment. Key focuses are enhancing supervisory capabilities, improving beneficial owner information, and establishing mechanisms to combat money laundering, with Vice Governor Xuan Changneng chairing.