The People's Bank of China issues the anti money laundering supervision notice for comments

Foresight News reported that the People's Bank of China issued the Notice on the Implementation of the Measures for the Supervision and Administration of Anti money Laundering and Anti terrorist Financing of Financial Institutions (Draft for Comments) before July 18 to solicit public opinions. The deadline for feedback is July 30. This draft for soliciting opinions is a revision of the "Notice on the Implementation of the Measures for the Supervision and Administration of Anti Money Laundering in Financial Institutions (Trial)" (Yin Ban Fa [2014] No. 263). The main content of the revised draft for soliciting opinions includes clarifying the regulatory division of labor for corporate financial institutions and refining the anti money laundering regulatory requirements for non corporate financial institutions; Improve the requirements for risk-based anti money laundering supervision work; Adjust the anti money laundering information reporting requirements for financial institutions. In terms of regulatory division of labor, compared with the 2014 version of the Notice, the list of corporate financial institutions responsible for anti money laundering supervision by the head office of the People's Bank of China in the draft for soliciting opinions has been expanded from 23 to 27. Specifically, Alipay and Tenpay, two third-party payment institutions, and Netlink Clearing Co., Ltd. are newly added to the list. At the same time, the original list of UnionPay was subdivided into two independent legal entities, China UnionPay and UnionPay International.