PANews June 25 news, Deputy Governor of the People’s Bank of China Xuan Changneng stated that since the “14th Five-Year Plan,” China has established risk-based anti-money laundering principles by revising the Anti-Money Laundering Law, improving the Criminal Law and judicial interpretations, and has imposed higher regulatory requirements on money laundering risks arising from new technologies and new business models. The central bank, together with multiple departments, has built an anti-money laundering regulatory system covering financial institutions and designated non-financial sectors, and has advanced the implementation of centralized registration and differentiated reporting systems for beneficial owner information. Since 2022, 11 departments including the central bank and the Ministry of Public Security have carried out a three-year campaign against money laundering, stepping up law enforcement targeting professional money laundering, virtual currency money laundering, and cross-border money laundering. The number of cases convicted of money laundering nationwide exceeded 2,000 in 2025. During the “15th Five-Year Plan” period, China will continue to strengthen domestic regulatory coordination and international cooperation to combat money laundering crimes on a regular basis.