The People's Bank of China will ask lenders to assess the level of money-laundering or terrorism-funding risk of each customer on a scale of one to 100. Photo: Reuters The People's Bank of China will ask lenders to assess the level of money-laundering or terrorism-funding risk of each customer on a scale of one to 100. Photo: Reuters
The People's Bank of China will ask lenders to assess the level of money-laundering or terrorism-funding risk of each customer on a scale of one to 100. Photo: Reuters
Business /  Banking & Finance

Anti-money laundering crackdown to shift onus to China banks

Mainland central bank set to require domestic lenders to flag more suspicious financial transactions as the anti-graft campaign develops

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Don Weinland

Updated: 4:40am, 15 Sep, 2014

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The People's Bank of China will ask lenders to assess the level of money-laundering or terrorism-funding risk of each customer on a scale of one to 100. Photo: Reuters The People's Bank of China will ask lenders to assess the level of money-laundering or terrorism-funding risk of each customer on a scale of one to 100. Photo: Reuters
The People's Bank of China will ask lenders to assess the level of money-laundering or terrorism-funding risk of each customer on a scale of one to 100. Photo: Reuters
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