China’s central bank to intensify anti-money laundering efforts

会计考友

　　BEIJING, Feb. 18 (Xinhua) -- China's central bank said in a report released Friday that it would intensify efforts to prevent money laundering over the next five years.
　　The People's Bank of China (PBOC) said it had penalized more than 1,900 financial institutions for violating money laundering regulations from 2006 to 2010.
4 d5 J. Y+ u+ w3 z7 z, E. s0 |. Q+ Y/ Y　　The anti-money laundering capabilities of financial institutions had been greatly improved, said the report.
* |" u# v' x8 t$ X　　The central bank also established a system requiring financial institutions to report suspicious transactions to the PBOC.
, B% s; ]0 M' v3 Q　　The PBOC actively participated in international and regional anti-money laundering organizations.
　　In June 2007, China became a member of the Financial Action Task Force (FATF), an inter-governmental body to promote government policies to combat money laundering.
" \" U4 B4 h8 k$ m6 t8 B! d　　The report said the central bank would further improve the laws and regulations and supervise financial institutions to guard against money laundering.
　　It would also enhance cooperation with other countries to monitor cross-border capital flows in order to effectively prevent money laundering.