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Exception Tracking Spreadsheet (TicklerTrax™)
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China strengthens AML/CFT measures

The Financial Action Task Force (FATF) has issued a follow-up report on China’s measures to tackle money laundering and terrorist financing. China has been in an enhanced follow-up process following the adoption of its mutual evaluation in 2019. In line with the FATF Procedures for mutual evaluations, the country has reported back to the FATF on the action it has taken since its mutual evaluation. Consequently, to reflect China’s progress, the FATF has now re-rated the country.

Today, China is compliant on 9 of the 40 Recommendations and largely compliant on 22 of them. It remains partially compliant on 3 Recommendations and non-compliant on 6 Recommendations.

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