Legislation roundup: Online loans, reputational risk and anti-money laundering
February 26, 2021 | BY
Susan MokCommercial banks are not allowed to engage in cross-region online lending. CBIRC strengthens regulation of reputational risk, as well as anti-money laundering and anti-terrorist work of commercial banks.
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Banking and Finance
General Office of the China Banking and Insurance Regulatory Commission, Circular on Further Regulating the Online Lending Business of Commercial Banks