Legislation roundup: Online loans, reputational risk and anti-money laundering

Commercial 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.

3 minute readFebruary 26, 2021 at 03:16 AM

Susan Mok

Banking and Finance

General Office of the China Banking and Insurance Regulatory Commission, Circular on Further Regulating the Online Lending Business of Commercial Banks

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