Legislation roundup: Anti-money laundering, entertainment venues and data privacy

June 04, 2021 | BY

Susan Mok

Specific non-financial organizations are also subject to anti-money laundering obligations. Restrictions on establishment of entertainment venues are relaxed for foreign investment. Shenzhen imposes heavy penalties to protect data privacy.

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Banking and Finance

PRC Anti-Money Laundering Law (Revised Draft for Public Comments)

中华人民共和国反洗钱法 (修订草案公开征求意见稿)

For the purposes of this Law, the term "specific non-financial organization" means:

(1) a real estate developer or