The People's Bank of China convened the 12th plenary meeting of the Inter-ministerial Joint Conference on Anti-Money Laundering and set out the next phase of national priorities, including preparations for a forthcoming international anti-money laundering assessment and steps to lift the overall effectiveness of China’s anti-money laundering, counter-terrorist financing and counter-proliferation financing framework. People's Bank of China Governor Pan Gongsheng, as convener of the mechanism, delivered remarks and Deputy Governor Xuan Changneng chaired. The meeting reviewed progress since the previous plenary, citing strengthened legal and institutional arrangements, improved supervisory effectiveness, stronger enforcement outcomes against money laundering and related crimes, expanded international cooperation, and continued work on assessment preparations. Member agencies were tasked with coordinating on key assessment deliverables, advancing implementation of the national anti-money laundering strategy, further developing risk-based supervision, improving obliged institutions’ compliance effectiveness, sustaining a high-pressure approach to money laundering and predicate offences, and strengthening public communication to build social consensus.
Central Bank of the Republic of China 2025-12-24
People's Bank of China convenes inter-ministerial anti-money laundering plenary and sets priorities for international assessment preparations
The People's Bank of China held the 12th plenary meeting of the Inter-ministerial Joint Conference on Anti-Money Laundering, outlining national priorities for an international assessment and enhancing anti-money laundering, counter-terrorist financing, and counter-proliferation financing frameworks. The meeting highlighted progress in legal and institutional arrangements, enforcement, and international cooperation, with member agencies tasked to coordinate on key deliverables and improve compliance and communication.