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BREAKING NEWS

China central bank to strengthen anti-money laundering cooperation overseas

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BEIJING (Reuters) – China’s central bank said on Wednesday it would strengthen cooperation with countries including European nations to curb cross-border money laundering activities.

The People’s Bank of China (PBOC) said in a statement that cross-border cooperation would focus on anti-money laundering regulation, financial information exchange, and asset recovery among other areas.

The statement, sent to Reuters via email, was given in response to a Reuters story last week in which a senior official at the European police agency Europol warned that the Baltic states were at risk from “huge inflows of criminal money” from Russia and China.

(Reporting by Yawen Chen and Ryan Woo; Editing by Simon Cameron-Moore)

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