China Mutual Gold Association will continue to promote Internet finance anti-money laundering work

The official public number of the China Internet Finance Association announced today that it has organized the implementation of the "Guidelines for Risk Management of Money Laundering and Terrorist Financing of Corporate Financial Institutions (Trial) issued by the Anti-Money Laundering Bureau of the People's Bank of China for the organization of Internet finance institutions (Silver Anti-Shampoo [2018] No. 19) and other regulations to assist the institutions to strengthen anti-money laundering and anti-terrorism financing risk management and internal control mechanism construction. On June 24, 2019, the Association officially issued the Guidelines on Risk Management and Internal Control Framework for Anti-Money Laundering and Anti-Terrorism Financing of Internet Financial Institutions. manual". In the next step, the Association will dynamically adjust and gradually improve the Framework Manual according to the regulatory policy requirements and the latest anti-money laundering actuals based on market changes and risk changes. After the conditions are ripe, the association will join other industry associations to study the "Framework Handbook" as an industry rule for Internet finance anti-money laundering work, and continue to promote Internet finance anti-money laundering and anti-terrorism financing.