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China's securities regulator to enhance crackdown on money laundering

(Xinhua)    14:48, June 03, 2019

BEIJING, June 2 (Xinhua) -- China's securities regulator will enhance its crackdown on money laundering, with a string of concrete measures.

Anti-money laundering will be further prioritized as it bears much importance for the stable and healthy development of the capital markets, the China Securities Regulatory Commission (CSRC) said in a statement.

The CSRC will enhance regulation cooperation and information sharing with the country's central bank, while the regulatory mechanism for anti-money laundering will be improved.

Supervision will be increased in terms of market access, anti-money laundering checks and punishment, and efforts will be made to train more experts in the field, the CSRC said.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Xian Jiangnan, Bianji)

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