Days ago, the 2009 Work Conference on Anti-Money Laundering (AML) of the People s Bank of China (PBC) was convened in Hangzhou. The meeting summarized the work in 2008 and made arrangements for AML in 2009. Deputy Governor Su Ning of the PBC addressed the conference.
Su acknowledged the achievements made in AML in 2008, including more effective regulatory policies and measures, improved information system and data analysis, success in cracking money laundering cases and launching two dedicated AML campaigns, as well as closer international cooperation. In sum, the AML agencies have played an important role in preventing and cracking crimes, assisting in the disposal of major emergency events and maintaining social and economic stability.
Su outlined the major tasks on AML in 2009 as follows: 1. Develop anti-money laundering in a more scientific manner with enhanced recognition of the importance of AML work; 2. Improve the AML framework, including the legal, institutional and organizational systems; 3. Promote the development of the monitoring and analysis system to better facilitate AML investigation and monitoring, and to prevent and crack down on money laundering cases more effectively; 4.
Strengthen cooperation with domestic agencies and foreign AML institutions; 5. Put the role of branch offices into full play; 6. Advance AML training and confidentiality education to produce a high-caliber AML team.
Representatives from the PBC Headquarters and branch offices attended the conference.
