Annex I. Main Meetings Held During Visit
Anti-Money Laundering Bureau—People’s Bank of China (Beijing)
Anti-Money Laundering Division —People’s Bank of China (Shanghai Head Office)
Anti-Money Laundering Division —People’s Bank of China (Chengdu Branch)
China Anti-Money Laundering Monitoring and Analysis Center—People’s Bank of China
China Banking Regulatory Commission
China Insurance Regulatory Commission
China Securities Regulatory Commission
Bureau of Cadre Supervision of Organization Department of the Central Committee of the Communist Party of China
Ministry of Finance
Ministry of Public Security
Ministry of Supervision (National Bureau of Corruption Prevention)
Ministry of Justice
State Administration of Industry and Commerce
State Administration of Taxation
Supreme People’s Procuratorate
China Construction Bank (Head Quarter and Sichuan sub-branch)
China Merchants Bank (Head Quarter)
Development Bank of Singapore (China)
This Technical Note was prepared by Ian Carrington, Senior Financial Sector Expert and Yara Esquivel Soto, Senior Financial Expert at the IMF, for the 2017 China FSAP.
Under FSAP policy, every FSAP should incorporate timely and accurate input on AML/CFT issues. Where possible, this input should be based on a comprehensive AML/CFT assessment conducted against the prevailing standard. In instances where a comprehensive assessment against the prevailing standard is not available at the time of the FSAP (as is the case with China), staff may derive key findings on the basis of other sources of information, including already available information or information obtained in the context of the FSAP. See the Acting Chair’s Summing Up—Review of the Fund’s Strategy on Anti-Money Laundering and Combating the Financing of Terrorism—Executive Board Meeting 14/22, March 12, 2014 (http://www.imf.org/en/News/Articles/2015/09/14/01/49/pr14167).
The Amendment (IX) to the Criminal Law of the People’s Republic of China was adopted and issued on August 29, 2015, and came into force on November 1, 2015.
Second amendments to the Criminal Procedure Law. Chapter III “Confiscation Procedures for Illegal Income in Cases Where a Criminal Suspect or Defendant Escapes or Dies,” of March 2012.
The Counterterrorism Law of the People’s Republic of China was adopted and issued on December 27, 2015, and came into force on January 1, 2016.
Steps taken to enhance AML/CFT compliance in the banking sector and transparency of legal persons and arrangements are considered in greater detail in sections III and IV.
Crimes of undermining the order of financial management are contained in Section 4 of the Criminal Law. They include, among others, counterfeiting and dealing currency, unauthorized FIs, forging and dealing with financial instruments or negotiable instruments, and insider trading.
Strengthening the Anti-Money Laundering Work of Financial Institutions (No. 391  of the People’s Bank of China) and article 7 of the Rules for Financial Institutions on Customer Identification and Record Keeping of Customer Identification and Transaction Information (Order of PBC, CBRC, CSRC, and CIRC (No. 2 ) The Identification Rules].
Interpretation of the Supreme People’s Court on Several Issues concerning the Specific Application of Law in the Trial of Money Laundering and Other Criminal Cases (adopted at the 1,474th meeting of the Judicial Committee of the Supreme People’s Court on September 21, 2009).
Crimes of dereliction of duty are contemplated in Chapter IX of the Chinese Criminal Code and generally refer to abuse of power or neglect of duties with a consequence of loss or harm to property or people.
Anyone subject to a warning is not eligible for promotion for one year. Anyone subject to a serious warning is not eligible for promotion for 18 months.
Removal from party position refers to the revocation of a position held but the person subject to removal remains a member of the party.
Deprivation of party position refers to expulsion from the party.
A leading body is a decision-making body comprised of several leading cadres.
Registered stock [bearer shares] are defined by the FATF as negotiable instruments that accord ownership in a legal person to the person who possesses the bearer share certificate.
Trust companies are legal entities licensed by the CBRC as deposit taking institutions.
PBC Guideline for the Assessment of Money Laundering and Terrorism Financing Risks and Categorized Management of Customers of Financial Institutions—Chapter II Risk Assessment Indicator System (i) an Overview of the Indicator System.