ICLG Anti-Money Laundering 2018: Guide to Australian, Hong Kong and PRC law
This chapter represents detail knowledge of the crime of money laundering and criminal enforcement. Then the anti-money laundering regulatory with administrative requirements and enforcement is analyzed, which will have significant effects on financial institutions and other designated businesses. Financial institutions and other businesses are subject to anti-money laundering requirements, and some of them should maintain compliance programs and report cross-border transaction according to certain laws and regulations. This chapter also introduces other anti-money laundering knowledge of public concern.