China News Service, June 24, according to the central bank's website, the central bank governor Yi Gang addressed the 31st 3rd plenary session of the Financial Action Task Force (FATF) on the 24th, saying that China has significantly increased its national anti-money laundering and anti-money laundering measures. Terrorist financing efforts, continue to strengthen the national anti-money laundering and anti-terrorist financing coordination mechanism, broaden the scope of anti-money laundering supervision, enhance the effectiveness of anti-money laundering supervision, and increase anti-money laundering penalties.
When talking about China's progress in increasing national anti-money laundering and anti-terrorist financing efforts, Yi Gang made the above statement. "We have initiated the revision of the "Anti-Money Laundering Law" to further improve the legal system and study and solve the main problems pointed out in the mutual evaluation report." He said.
Yi Gang introduced that China continued to strengthen the national anti-money laundering and anti-terrorist financing coordination mechanism, and included anti-money laundering and anti-terrorist financing work on the agenda of the State Council’s Financial Stability Development Committee. In addition, it has further consolidated the legal foundation for international cooperation.
In addition, Yi Gang pointed out that in response to the epidemic, China has launched a series of powerful monetary policy tools and related measures, including providing liquidity support for the banking industry, and strengthening the market players such as health care and other key areas and small and micro enterprises. Credit support, reduce financing costs, and introduce credit support plans for small and micro enterprises. In May, the broad money M2 growth rate was 11.1%, a high level in the past three years. The above comprehensive measures have achieved good results. Since the second quarter, my country's main economic indicators have shown good signs of recovery. In the area of anti-money laundering and anti-terrorist financing, the People’s Bank of China attaches great importance to preventing new crime risks related to the epidemic, and issued guidelines in a timely manner to guide them to take appropriate flexible measures in accordance with FATF risk-based principles.
"FATF leads the world in combating illegal financial activities and maintaining a sound financial system. We are honored to be able to serve as the FATF chairmanship and play a constructive role in promoting the implementation of the FATF mission." Yi Gang pointed out that all parties have strong support and joint efforts Next, during the presidency of China, FATF completed a series of achievements, including the prevention and control of virtual assets and the risk of “stable currency”, issued digital identity guidelines, improved regulatory effectiveness, cracked down on illegal wildlife transactions, strengthened the FATF global network, and contributed to the FATF strategy Review the significant progress made.