Legal basis: anti-money laundering regulations of financial institutions
Article 2 These Provisions shall apply to the following financial institutions legally established within the territory of People's Republic of China (PRC):
(1) Commercial banks, urban credit cooperatives, rural credit cooperatives, postal savings and remittance institutions and policy banks;
(2) Securities companies, futures brokerage companies and fund management companies;
(3) Insurance companies and insurance asset management companies;
(4) Trust and investment companies, financial asset management companies, finance companies, financial leasing companies, auto financing companies and money brokerage companies;
(5) Other financial institutions determined and announced by the People's Bank of China.
Institutions engaged in remittance business, payment and settlement business and fund sales business shall apply the provisions of these Provisions on the supervision and administration of anti-money laundering of financial institutions.
Article 3 The People's Bank of China is the administrative department in charge of anti-money laundering in the State Council, and supervises and manages the anti-money laundering work of financial institutions according to law. China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission shall perform their duties of anti-money laundering supervision and management within their respective duties.
The People's Bank of China shall cooperate with relevant departments, institutions and judicial organs in the State Council to perform their anti-money laundering duties.
Article 4 As authorized by the State Council, the People's Bank of China conducts international cooperation against money laundering on behalf of the China Municipal Government. The People's Bank of China may establish cooperation mechanisms with anti-money laundering institutions in other countries or regions to implement cross-border anti-money laundering supervision and management.