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

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

Topic |  
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
READ FULL ARTICLE