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China Fights Money Laundering
2005-02-17

 

Deputy Governor of the People's Bank of China, Li Ruogu, says China has become an important country in fighting money laundering and terrorist financing.

Speaking at an international conference entitled "Creating Global Partnership and Synergy in the Fight Against Money Laundering," Li Ruogu says China will become a full member of the Financial Action Task Force on Money Laundering, by the middle of this year.

The task force is the most influential international anti-money laundering organization.

He says in today's open and global financial world, the fight against money laundering and terrorist financing must reach beyond national boundaries.

China has engaged in a joint effort with international organizations, in particular, the United States, and signed a series of treaties on anti-money laundering and countering terrorist financing, including the UN Convention Against Transnational Organized Crimes and the UN Convention Against Corruption.

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