Financial Services Working Group and Fashion and Leather Desk Provide Input on the Revised Anti-Money Laundering Law

2024-05-24 | All chapters

On 24th May, the Financial Services Working Group and the Fashion and Leather Desk provided feedback on the National People's Congress' Anti-Money Laundering Law (Revised Draft for Comments). Members made recommendations on clarifying the role of financial institutions and raised questions regarding applicability of the regulations to certain non-financial institutions such as operators of gemstone processing products.