Anti-money laundering in mainland China

China's new Anti Money Laundering Law took effect on 1 January 2007.  The China's AML law was formulated to deter money laundering, safe guard financial order and crack down on related crimes.  The financial services sector, in particular, faces significant reputation and regulatory risk should it be deemed to have inadequate arrangements to prevent money laundering.

We assist with the development of compliant but cost-effective processes and controls to protect against financial crime risk, including fraud, money laundering and market abuse.

Potential issues

• You want to enhance the effectiveness and cost efficiency of your anti-money laundering and financial crime processes;

• You have uncovered an incidence of suspected money laundering;

• You are under review by a regulator; and

• You want to ensure that you are in compliance with anti-money laundering and other financial crime regulations.

How can the Forensic services team help you?

• Assist you to get comfort that you are compliant, or have a programme in place to become compliant, with AML and financial crime regulations;

• Deliver enhanced efficiency and effectiveness of anti-money laundering processes through process redesign and assistance with implementing technology solutions;

• Assist you to effectively manage incidents that may create regulatory and reputation risks;

• Forensic review on suspected money laundering incidents; and

• Train relevant staff on their responsibilities.

Our anti-money laundering services cover

• Anti-money laundering processes;
• Financial crime; and
• Regulatory reviews.