China new Anti-Money Laundering Law: Major Changes & Impact Go back »

2025-02-07 | All chapters

Starting from January 1, 2025, the revised Anti Money Laundering Law of the People’s Republic of China (“AML Law”) will officially come into effect, reflecting the evolving landscape of global finance, the rise in the use of digital assets, and increasing concerns about illicit use of financial systems and national security.

The changes aim to strengthen China’s efforts to prevent money laundering, terrorist financing, and other illegal activities while aligning the country with global regulatory standards. The updated law builds on the original 2007 Anti-Money Laundering Law, to enhance the compliance requirements of financial institutions and expand the scope of regulatory oversight.

Please view the full article from D'Andrea & Partners here for an analysis of the key changes and their impacts on businesses and the regulatory environment in China.

Source: D'Andrea & Partners