The People's Bank of China convened its 2025 anti-money laundering (AML) work conference, reviewing 2024 progress and setting six priority areas for 2025. The plan centres on implementing the revised PRC Anti-Money Laundering Law, accelerating the shift to risk-based AML supervision across the financial sector, and strengthening beneficial ownership information management and AML work in specific non-financial industries. The conference assessed that in 2024 the central bank, working with the inter-ministerial AML coordination mechanism, advanced AML reforms with the revised AML law and other legal arrangements entering into force and financial-sector AML supervision largely transitioning from a rules-based to a risk-based approach. It also pointed to improvements in AML investigation and monitoring-analysis mechanisms, significant results from a three-year action programme against money-laundering offences, progress on beneficial ownership information management and AML work in certain non-financial sectors, and the full launch of preparations for the fifth round of international AML evaluation. Deputy Governor Xuan Changneng attended and delivered remarks. For 2025, the work programme calls for comprehensive preparations for the fifth-round evaluation against international advanced standards, further refinement of the AML制度体系 and coordination mechanisms, development of financial institutions’ money-laundering risk management systems, stronger beneficial ownership mechanisms, enhanced investigation and monitoring analytics to support enforcement, and deeper participation in international AML governance and cooperation.

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