China’s measures to combat money laundering and terrorist financing

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The International Monetary Fund staff-led assessment comprehensively reviews the effectiveness of China’s measures and their level of compliance with the FATF Recommendations.   The FATF adopted this report at its February 2019 Plenary meeting.

Overall, China has a strong understanding of the money laundering and terrorist financing risks it faces, but it should focus more on the laundering of proceeds of crime and increase the range of sources used for its national risk assessment.