Distinguished Researcher of National Finance and Development Laboratory: 2020 will provide regulatory focus on illegal activities such as payment for virtual currencies

According to the Securities Daily, Dong Ximiao, a specially-appointed researcher at the National Finance and Development Laboratory, said that strengthening the overall coordination of anti-money laundering supervision and improving anti-money laundering work will become the focus of central bank supervision in the future. Against this background, strengthening the management of anti-money laundering and penalizing payment institutions for irregular and non-compliant behaviors is one of the main measures to strengthen regulatory oversight. In 2020, anti-money laundering, cross-border payment, and illegal activities such as providing payment for virtual currencies will be the focus of supervision.