国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Central bank set to flush out money laundering

(China Daily)
Updated: 2006-11-16 08:41

China is tightening the screw on money laundering by requiring its financial bodies to report any large or suspicious transactions.

According to new rules released by the People's Bank of China on Tuesday, financial institutions such as banks and insurers will be required to report large and suspect transactions to anti-money laundering authorities.

The new rules, which come into effect next March, came on the heels of the country's first anti-money laundering law, which was passed last month and is effective in January.

The new rules set out specific definitions of large and suspect transactions that must be reported to the Anti-Money Laundering Monitoring and Analysis Centre, an office under the central bank.

A single transaction exceeding 200,000 yuan (US$25,400) or a transaction with accumulated value of 200,000 yuan within a day are defined as large transactions.

For foreign currency, the sum is US$10,000.

As for suspicious transactions, securities dealers, futures brokers and fund management companies should report if they notice idle accounts being suddenly reactivated and large transactions taking place over a short period, Xinhua News Agency reported.

Also, commercial banks, credit unions, postal savings institutions and trust companies have also been warned to look out for sudden closure of accounts following large transfers, loans paid back ahead of schedule and transactions that do not tally with clients' financial status.
12  

(For more biz stories, please visit Industry Updates)



Related Stories  
建德市| 奇台县| 大关县| 铜川市| 宽城| 开阳县| 华容县| 三亚市| 潜江市| 宝山区| 广宗县| 仁怀市| 获嘉县| 唐山市| 巴中市| 鄄城县| 财经| 都江堰市| 绵阳市| 新沂市| 班戈县| 新乡市| 崇信县| 衡南县| 新河县| 景德镇市| 新宾| 定南县| 富源县| 容城县| 云梦县| 墨竹工卡县| 两当县| 和林格尔县| 独山县| 舟山市| 喜德县| 屏边| 定陶县| 晴隆县| 城固县|