Judiciary cautious on freezing company funds in anti-money laundering

BEIJING, April 27 (Xinhua) -- China's lawmakers are debating a first-strike measure that could be used to hit suspicious money launderers before the money can leave the country.

Anti-money laundering bill casts net wider

BEIJING, April 26 -- A draft bill to combat money laundering widens the scope of the proposed law from financial institutions to realtors, law and accounting firms and jewellers.

China mulls anti-money laundering law

BEIJING, April 25 (Xinhua) -- China is widening the net to monitor flows of illicit money in a bill drawn up to combat rampant money laundering and its upstream crimes, such as smuggling, drug trafficking, and bribery.

NPC to discuss draft of anti-money laundering law

BEIJING, April 17 (Xinhua) -- The 21st Session of the Standing Committee of the 10th National People's Congress (NPC) of China will review the draft of the anti-money laundering law for the first time on April 25.

New rules against money laundering proposed

BEIJING, April 13 -- China's central bank issued a series of draft regulations yesterday aimed at beefing up efforts to rein in money laundering across its banking, securities and insurance sectors.

600 institutions punished for violating anti-money laundering rules

BEIJING, April 5 (Xinhua) -- China imposed fines totaling 56.29 million yuan (about 7 million U.S. dollars) on 600 financial institutions in 2005 for violating anti-money laundering rules, Wednesday's China Business News reports.

Macao's Legislative Assembly OKs anti-money laundering bill

MACAO, March 24 (Xinhua) -- Macao's Legislative Assembly (LA) has approved a bill on the prevention and repression of money laundering, local media reported on Friday.