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China tightens anti-money laundering rules for banks

Saturday, December 31, 2016 - 05:50

Beijing

CHINA'S central bank said it has tightened requirements for len-ders to report cross-border transactions by customers as part of stepped-up efforts to curb money laundering.

The People's Bank of China (PBOC) will require financial institutions to report any cross-border

sentifi.com

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