The bank was accused of being involved in money
laundering activities.
这家银行被指控涉及洗钱活动。
The government is cracking down on tax evasion and money
laundering.
政府正在严厉打击逃税和洗钱行为。
The company set up a complex network to conceal the proceeds from drug trafficking and other illegal activities, making it appear as legitimate business transactions, a classic case of money
laundering.
该公司建立了一个复杂的网络来隐瞒贩毒和其他非法活动的收益，使其看起来像是合法的商业交易，这是典型的洗钱案例。
He was arrested for
laundering dirty money through his offshore accounts.
他因通过其海外账户清洗黑钱而被捕。
The new regulations aim to prevent banks from being used for money
laundering.
新的法规旨在防止银行被用于洗钱。
The art market has been identified as a potential channel for money
laundering due to its high-value transactions and the anonymity it offers to buyers.
由于艺术品市场的高价值交易和对买家提供的匿名性，它已被确认为潜在的洗钱渠道。
The accountant was charged with assisting in the
laundering of funds obtained through fraud.
该会计师被控协助清洗通过欺诈获得的资金。
The real estate sector is often exploited for money
laundering because of the large sums of money involved in property transactions.
房地产行业经常被用于洗钱，因为房地产交易涉及大量资金。
The authorities froze the suspect's assets, fearing that they were being used for money
laundering.
当局冻结了嫌疑人的资产，担心它们被用于洗钱。
International cooperation is crucial in combating money
laundering and terrorist financing.
国际合作在打击洗钱和恐怖主义融资方面至关重要。
"The comments came after India's financial crime agency on Tuesday arrested four industry executives, including one Chinese national working for Vivo in India, in a case of alleged money laundering, Reuters reported.
据路透社报道，印度金融犯罪局周二逮捕了四名行业高管，其中包括一名在印度为维梧资本工作的中国公民，涉嫌洗钱。
"It is worth mentioning that although there are differences in compliance requirements in each country and region, the current anti-money laundering risk management and supervision frameworks around the world have a high degree of commonality.
“值得一提的是，尽管每个国家和地区的合规要求存在差异，但目前世界各地的反洗钱风险管理和监管框架具有高度的共性。
With our experience and expertise in B2B cross-border trade, we are able to establish a one-stop anti-money laundering strategy and system that conforms to the requirements of different countries and regions," Deng added.
凭借我们在B2B跨境贸易方面的经验和专业知识，我们能够建立一个符合不同国家和地区要求的一站式反洗钱战略和系统。”邓补充道。
In April, India’s anti-money laundering agency seized assets worth about $725 million from Xiaomi India for allegedly breaching the country’s foreign exchange laws.
今年4月，印度反洗钱机构以涉嫌违反该国外汇法为由，扣押了小米印度公司价值约7.25亿美元的资产。
Furthermore, by holding events together, the two sides will offer a helping hand to Chinese SMEs in risk management and compliance with laws and regulations to improve their awareness and ability of anti-money laundering risk control, said XTransfer.
XTransfer表示，双方还将通过共同举办活动，在风险管理和遵守法律法规方面为中国中小企业提供帮助，以提高他们的反洗钱风险控制意识和能力。
As part of that deal, HSBC promised to adopt American anti-money laundering standards.
The embattled business leader has been facing heavy pressure to stand down in recent days after the country's financial watchdog filed civil legal proceedings in federal court last Wednesday, accusing the bank of breaching anti-money laundering and counter-terrorism finance (AML/CTF) laws 23 million times.
However, according to a Wednesday report from Chinese media outlet Caixin, Sun was put on a border control list by Chinese authorities that would restrict him from traveling abroad for allegations including illegal fundraising, money laundering, gambling and spreading pornography.
Even though it will take time to work out the discrepancies in regulations, difficulties regarding foreign exchange issues and concerns over potentially illegal conduct such as money laundering, 2019 should be a pivotal year for some progress, said Tan.
To help clients accelerate their digital initiatives, Cloudera provides a platform for machine learning and analytics with multiple deployment options in a wide range of areas, including fraud detection, anti-money laundering, customer analytics, threat detection and predictive maintenance.
Meanwhile, it can assist the bank in judging financial fraud, money laundering and other business risks, providing security guarantees for bank customers and improving user experiences.
"Regulators expect financial institutions to be responsible for maintaining a robust anti-money laundering policy and a sanctions compliance program for their entire operation," said Manhim Yu, a partner in Fraud Investigation & Dispute Services Department at EY in Hong Kong.
"As such, financial institutions must ensure their outsourcing vendors maintain the same anti-money laundering compliance control standards as the financial institutions themselves. "
Other matters discussed at the meeting — a video conference held on Wednesday — include financial regulation, sustainable finance, anti-money laundering, anti-terrorist financing and global financial governance, the PBOC said in a statement on Friday.
Although part of a routine anti-fraud and anti-money laundering investigation conducted by the authorities, the incident still affected her business, as a large amount of the money in the account was made unavailable for a three-month period.
It detailed requirements for banks and payment institutions to carry out settlements and specified arrangements for authenticity verification and to prevent money laundering.
To address these issues, the plan introduced stricter measures, including further restricting probation and increasing fines, severe punishment for guilty intermediaries, and parallel investigation of securities crimes and money laundering.
Guiding principles and technological solutions of digital-Know Your Customer as a form of digital authentication need to fully comply with the requirements of the Financial Action Task Force on Money Laundering.
The task force is one of the most influential international organizations in the field of anti-money laundering and anti-terrorism financing.
Last December,the People's Bank of China (PBOC) drafted the "Measures for the Supervision and Administration of Financial Institutions' Anti-Money Laundering and Countering Terrorist Financing Framework (Revised Draft for Consultation)".
Experts in this field believe that on the basis of accelerating the comprehensive expansion of international anti-money laundering and counter financial terrorism legislation, China needs to strengthen its international cooperation, which includes the anti-money laundering and counter financial terrorism judiciary assistance system, financial intelligence exchanges, cooperation mechanism and networks.
In addition, conducting international anti-money laundering and counter financial terrorism training programs, and related studies and research also should be given greater importance.
"We need to ensure anonymity for both sides of the transaction, as well as meet antimoney laundering, anti-terrorist financing and anti-tax evasion requirements. "
They need to monitor financial transactions on these platforms closely, identify potential risks in advance and report suspicious activity immediately, especially if they have reasonable grounds to suspect money laundering or other criminal activities.
Such action could also create conditions for certain illegal and criminal activities like money laundering.
The comments came after media reported that Indian authorities conducted searches at over 40 locations across the country in connection with an alleged money laundering case linked to Vivo and other Chinese firms.
该言论是在媒体报道了印度当局在全国范围内对40多个地点进行搜查，涉及与Vivo及其他中国公司相关的涉嫌洗钱案件之后发表的。
Experts said graph analytics, for instance, is being used to help identify fraud and money laundering activities and give warnings to financial sector players.
Sources close to the matter said the solutions may be in the final stage of regulatory review, with anti-money laundering part of the compliance focus.
Activities of financial institutions that occur within the borders in areas such as interbank market trading, payment and clearing, and anti-money laundering will be subject to the draft rules, no matter whether the institutions are domestic or foreign-funded.
Continuous efforts have also been made to build a solid financial security defense line of anti-money laundering and anti-fraud, while comprehensively strengthening financial consumer protection.
It detailed requirements for banks and payment institutions to carry out the settlement services and specified arrangements for authenticity verification and anti-money laundering.
The business scope of payment institutions will be expanded from goods and services trade to current accounts, and risk prevention and control will be strengthened with clear requirements for authenticity verification and anti-money laundering work, among other issues.
The PBOC will continuously instruct financial institutions to step up anti-money laundering practices, further optimize services for the people while preventing risks at the same time, and protect the safety of customers' funds and the interests of the people in accordance with the law, the official said.
The number of money laundering cases filed by prosecutors nationwide from January to November 2021 increased by 117 percent year-on-year, Zheng added.
Plan issued to deal with criminal acts and improve risk-prevention systemChina is poised to further consolidate the administration of the financial industry and bolster the nation's capacity to fight money laundering.
The People's Bank of China, the Ministry of Public Security, the National Supervisory Commission and other eight agencies jointly issued an action plan in January on combating money laundering.
An operation targeting money laundering, which will run from January 2022 to December 2024, was also launched.
The action plan requires the agencies to refine working methods based on real situations, crack down on various forms of money laundering and related crimes, and improve the national money laundering risk-prevention and control system.
The Central Commission for Discipline Inspection said the battle against money laundering is still grim, especially with the emergence of new technologies, such as virtual assets and digital currencies.
Criminal activities and money laundering have also become more intertwined, making it increasingly difficult to trace illegal funds crossing borders.
The Criminal Law includes in its definition of money laundering hiding income and benefits generated from drug-related crimes, organized crime, terrorism, smuggling, embezzlement and bribery, financial fraud and cleaning income by various means.
A typical case of drug-related money laundering is that of a drug dealer surnamed Fei from Hefei, Anhui province.
In June, Fei was arrested on the suspicion of drug trafficking and money laundering.
His accomplice, Cheng, was sentenced to five months' detention, suspended for eight months, and fined 3,000 yuan for money laundering.
The measures will help institutions comply with development of the financial industry and improve risk prevention in regard to money laundering and terrorist financing.
For clients with the highest risk level of money laundering or terrorist financing, financial institutions should conduct an audit at least once a year, the administrative measures said.
In recent years, with the evolution of financial products and business models, new challenges have emerged in anti-money laundering work in the financial industry.
In order to prevent the risk of money laundering and terrorist financing in China, it is necessary to formulate new measures to further improve and strengthen the anti-money laundering supervision system, the PBOC said.
The due diligence of financial institutions needs to further emphasize risk-based measures and improve the efficiency of financial services, while preventing the financial system being used to engage in money laundering and other criminal activities, the PBOC said.
"Cross-border use of CBDCs involves more complicated issues, such as anti-money laundering measures and customer due diligence.
Such activities may also stimulate other illegal activities such as gambling, illegal fundraising, fraud, pyramid schemes and money laundering, according to a statement released on the central bank's website.
Central banks that positively embraced digital currencies have pledged to adopt advanced technologies to prevent illegal activities like tele-fraud, online gambling, money laundering and tax evasion.
The authorities concerned will make sure the transactions comply with the requirements of anti-money laundering regulations.
For transactions involving large sums that might trigger suspicions, financial regulators would have the right to track, in order to prevent crimes such as money laundering and financing of terror-related activities.
The Financial Action Task Force, a global watchdog that monitors potential money laundering and terrorist financing activities, has proposed a set of standards for regulating virtual assets and related services, aiming to limit financial integrity risks.
Wang said at a news conference in Beijing that the central bank will make a big push to build Shanghai into a key hub connecting the domestic and international markets, including supporting early and pilot implementation of Shanghai's free use of renminbi and further facilitating the inflow and outflow of companies' trade and investment in accordance with the principles of anti-money laundering, anti-terrorist financing and anti-tax avoidance.
Through its two previous successful applications, Neuberger Berman raised and invested $80 million via four QDLP products, which also helped it gather invaluable management experience in China-related investment strategy, compliance and risk control, and anti-money laundering.
Private digital currencies, especially bitcoin, have become speculative tools and means of money laundering for illegal economic activities, posing risks to financial security and social stability, said Fan.
When he worked at the PBOC, Li was instrumental in supporting and implementing several important reforms and policies, including State-owned banking reform, anti-money laundering legislation and establishing a macro-prudential policy framework for China, the IMF chief said, introducing Li to the executive board.
The BIS affirmed that other types of cryptocurrencies "are speculative assets rather than money", saying that they are used in many cases to facilitate money laundering, ransomware attacks and other financial crimes.
Virtual currency speculation disrupts economic and financial order, increases the risks of illegal and criminal activities, such as illicit cross-border asset transfers and money laundering, and seriously infringes on the security of people's assets, according to the central bank statement.
Effective implementation of a robust framework to combat money laundering and stop the financing of terrorism is needed, he said.
The PBOC said in the announcement that virtual-currency speculation disrupts the normal economic and financial order, enhances the risks of illegal and criminal activities, such as illegal cross-border asset transfer and money laundering, and seriously infringes on the safety of people's property.
Virtual-currency speculation disrupts the normal economic and financial order, enhances the risks of illegal and criminal activities such as illegal cross-border asset transfer and money laundering, and seriously infringes on the safety of people's property, the PBOC said.
Any enterprise or individual using cryptocurrency for money laundering or fundraising activities in the region could face a criminal offense, the plan said.
An said a sound digital currency should be: "healthy, supervised and controllable, and should be linked to national credit to avoid illegal activities such as money laundering".
During the 14th Five-Year Plan period, we will make overall plans for financial infrastructure development, including comprehensive statistics in the financial industry, anti-money laundering, and financial market registration and custody, clearing and settlement, payment, and credit information service.
China's digital currency will feature "controllable anonymity", which means transactions will be anonymous and personal information will be protected, while preventing potential illegal financial activities such as money laundering, terror financing and tax evasion, said a senior official from the central bank.
Digital yuan can complement and improve the current electronic settlement system and will be able to reduce risks following further expansion of the system, according to Katsuyuki Hasegawa, chief economist at the research division of Mizuho Research Institute Ltd. Money laundering and terrorist financing may be difficult to track if done in cash, but digital currency will make it possible for countries to track transactions and capital flow, which can help prevent these illegal activities, Dong said.
As the main anti-money laundering bodies, these institutions should know their clients well.
When we talk about the e-CNY and cross-border payment, we should consider issues related to anti-money laundering, anti-terrorism financing and drug dealing, which are all big concerns for the international community.
It should comply with requirements against money laundering, terrorist financing and tax evasion, Zheng Wei, deputy director of the State Administration of Foreign Exchange, said at the 2020 China Financial Forum on Saturday.
Other proposed regulations seek to address money laundering, terrorist financing and proliferation of financial risks relating to virtual assets.
The new type of currency should also follow the anti-money laundering and anti-terrorist financing laws and regulations, as well as regulations for the management methods of large amount of cash, according to the article.
BOC Fullerton Community Bank hired compliance officers at each of its 125 banks to lead compliance and anti-money laundering efforts.
"As long as it meets the regulatory requirements of anti-money laundering, anti-terrorist financing and anti-tax evasion, capital for normal trade and investment can freely float both in and out (of Shanghai)," Yi said.
"As long as regulatory requirements are met for anti-money laundering, anti-terrorist financing and anti-tax evasion, capital in normal trade and investment can freely float both in and out (of Shanghai)," Yi added.
Stable macroeconomic policies, housing policies, innovative financing mechanisms for small and medium-sized enterprises, fintech, tax reform, anti-money laundering and anti-terrorism financing, green finance, and sustainable finance.
But a fully anonymous digital currency may encourage illicit transactions, such as terrorist financing and money laundering.
To replace paper money, the digital currency can record information of real-time transactions, including criminal transactions and money laundering.
Given the rapid development of financial technology in China, regulators are facing mounting challenges, ranging from illegal online fundraising to financial fraud; from money laundering to leaks of personal data.
Review requirements related to equity management, anti-money laundering and anti-terrorist financing were also added in the regulations.
"Digital currency has the ability to track money electronically as it changes hands, and it would be useful in anti-money laundering and fighting other illegal activities in the financial services industry," he said, adding China is one of the leading markets when it comes to implementing advanced technologies in the financial services sector.
Other than traditional risk management, everyday operations of the bank also include detailed anti-money laundering, anti-terrorism and anti-financial crime solutions, she added.
The request for information came while HSBC was being monitored by US authorities over sanctions-busting and failing to prevent money laundering in Mexico.
He also said measures are needed to ward off problems like money laundering when advancing the free convertibility of the Chinese currency.
Concerns over Facebook's proposal include privacy, money laundering, consumer protection and financial stabilityStrong opposition to Facebook's digital currency proposal may raise barriers for its launch, as financial regulators of major economies have called it a threat to fiat currencies.
No cryptocurrency can have the same functions as the authorized currency RMB in China, and any cryptocurrency should be regulated, especially for anti-money laundering and counterterrorist financing, to protect personal information, he added.
"The project "raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability", Jay Powell, the chairman of the US Federal Reserve, was quoted as saying by the Financial Times.
But Libra will be able to absorb deposits, provide payment services and take asset management business without being responsible for countering money laundering or financing of terrorism like general financial institutions, said Mu.
This will prevent electronic fraud and money laundering, said Xu.
"Bank account management is the first line of defense to curb illegal activities such as money laundering and electronic fraud," she said.
Sun Yuchen, the 28-year-old Chinese businessman who announced his cancellation of a lunch meeting with US billionaire Warren Buffett, was suspected of illegal funding, money laundering,xa0brokering prostitution deals and gambling activities, a Chinese media outlet reported on Tuesday.
"Bank account management is the first line of defense to curb illegal activities, such as money laundering and electronic fraud," she said.
The system would stick to anti-money laundering rules by US regulators through artificial intelligence and cyber security technologies, said Xu.
Like with most other money-related technologies, some illegal activities, frauds, money laundering and terrorist financing are said to be within the realm of possibility, in the context of cryptocurrencies.
But they agreed it can also raise issues with respect to consumer and investor protection, market integrity, tax evasion, money laundering and terrorist financing.
Robots that target money laundering and ways to enhance financial service efficiency are the highlights at the booth of another audit and advisory company, Deloitte.
Nevertheless, there is room for improvement in banks' compliance awareness, management capabilities and risk control capabilities, as some Chinese banks have been found to fall foul of local regulations and anti-money laundering controls as they venture abroad, Ben said.
Liu Tongwu, deputy-director of the Tianjin branch of the People's Bank of China, said the bank will try to help the zone gain more support from the central bank, and in the meantime, strengthen supervision of the cross-border finance business, and tighten anti-money laundering supervision.