People's Bank of China, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission, Measures for the Administration of Anti-money Laundering and Anti-terrorist Financing by Institutions Engaging in Internet Financing (Trial Implementation)

中国人民银行、中国银行保险监督管理委员会、中国证券监督管理委员会互联网金融从业机构反洗钱和反恐怖融资管理办法 (试行)

November 14, 2018 | BY

Susan Mok

Internet financing institutions are required to guard against anti-money laundering and anti-terrorist financing

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Promulgated: October 11, 2018

Effective: January 1, 2019

Applicability: These Measures shall govern institutions the establishment in the People's Republic of China of which has been approved by, or placed on the record with, the competent authority and that lawfully engage in internet financing business (an Institution).

The anti-money laundering and anti-terrorist financing work associated with internet finance business includes but is not limited to online payment,