The NBFI Sub-Working Group is pleased to invite you to its next working group meeting, “Interpretation of Key Points in the Newly Revised Anti-Money Laundering Law and its Impact on EU Enterprises in China.” It will be held on Wednesday, 4^th December 10:00 – 11:30 at the European Chamber Shanghai and Beijing offices, and online.

On 8^th November, Chinese lawmakers voted to adopt a revised Anti-Money Laundering (AML) Law after several rounds of public consultations. The new law, which will take effect on 1^st January 2025, aims to strengthen financial and non-financial institutions’ AML obligations, allow China to introduce its own high-risk country list and increase breach penalties. In addition, the legislation aims to strike a better balance between personal privacy protection and anti-money laundering work.

Prior to the latest adoption of the law, European Chamber members actively participated in both rounds of public consultations. At this meeting, Yuan Juanbin and Qu Yingying of AllBright Law Offices will deliver a bilingual presentation on the key revisions in the Anti-Money Laundering Law and their potential impact on European enterprises in China, with a particular focus on financial institutions.

If you would like to attend this meeting, please feel free to register at the top of this page or contact Ms Kalina Pateva at kpateva@europeanchamber.com.cn indicating your attendance offline in Shanghai/Beijing or online. If you have any questions you would like to pose to the speakers in advance, please feel free to send an email to the same address.

Tentative Agenda

• 9:30 – 10:00 Arrival and registration
• 10:00 – 10:05 Opening Remarks by Frank Pan, Chair of the NBFI Sub-Working Group
• 10:05 – 11:00 Presentation on the New AML by Yuan Juanbin and Qu Yingying, AllBright Law Offices
• 11:00 – 11:20 Discussion and Q and A
• 11:20 – 11:25 Closing remarks 

Speakers

Ms. Juanbin Yuan

Senior Partner

Ms. Juanbin Yuan

Senior Partner

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Yuan Juanbin has extensive experience in the provision of consulting services in the areas of compliance management in Anti-Money Laundering and Counter-terrorism financing for financial institutions and cross-border investors. She also provides various anti-money laundering and counter-terrorism financing compliance services to financial institutions, including daily consultation on AML compliance as well as AML compliance trainings, audits, risk assessments, and more.
In addition, Ms Yuan has participated in the research seminar on the revised draft of the new AML Law hosted by the Legislative Working Committee of the National People’s Congress, and has many well-regarded publications, many of which aim to clarify and interpret the regulatory requirements for financial institutions within China’s current AML framework.

Ms. Yingying Qu

Senior Counsel

Ms. Yingying Qu

Senior Counsel

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Qu Yingying has considerable experience representing multinational and domestic enterprises in project investment, financing, and cross-border transactions. This has included the organisation and implementation of overseas investment transactions, cross-border M&A transactions for domestic companies, and domestic restructuring and handover deals. She has also assisted in the establishment of foreign direct investment projects for wholly foreign-owned enterprises and Sino-foreign joint ventures, as well as with the listing of multiple enterprises domestically and abroad. Her areas of expertise include M&A, capital markets, overseas investments, corporate restructuring, project financing and more, and she has represented clients from various industries, including healthcare, retail, technology, manufacturing, automotive, communication, logistics and real estate.

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