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Decree of the President of the People's Republic
of China
No. 56
"Anti-Money Laundering Law of the People's Republic
of China" has been on the 24th Meeting of the Standing Committee of the Tenth
NPC on October 31, 2006. It is now promulgated and shall come into force as of
January 1, 2007.
Hu Jintao, President of the People's Republic of
China
October 31, 2006
Anti-Money Laundering Law of the People's Republic
of China
(Approved on the 24th Meeting of the Standing Committee of the Tenth
NPC on October 31, 2006 )
CONTENTS
Chapter I General Provisions
Chapter II
Anti-money Laundering Supervision and Administration
Chapter III Anti-money
Laundering Obligations of Financial Institutions
Chapter IV Anti-money
Laundering Investigation
Chapter V International Anti-money Laundering
Cooperation
Chapter VI Legal Liabilities
Chapter VII Supplementary
Provisions
Chapter I General Provisions
Article 1 This Law is formulated for the purpose of
preventing money-laundering, safeguarding the financial order and cracking down
on the crime of money-laundering as well as other relevant crimes.
Article 2 The term "anti-money laundering" as
mentioned in this Law refers to an act of adopting the relevant measures
according to the provisions of this Law to prevent any money laundering activity
for the purpose of concealing or disguising, by all means, the sources and
nature of criminal proceeds generated from any drug-related crime,
organizational crime of any gangland, terrorist crime, crime of smuggling, crime
of corruption or bribery, crime of disrupting the financial management order,
crime of financial fraud, etc. | 
