Article 2 These Measures shall apply to the following financial institutions legally established within the territory of People's Republic of China (PRC):
(1) Policy banks, commercial banks, rural cooperative banks, urban credit cooperatives and rural credit cooperatives;
(2) Securities companies and fund management companies of futures companies;
(3) Insurance companies and insurance asset management companies;
(4) Trust 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. These Measures shall apply to institutions engaged in exchange business, payment and settlement business and fund sales business in fulfilling their anti-money laundering obligations.
Article 3 Off-site supervision of anti-money laundering refers to the behavior that the People's Bank of China and its branches collect anti-money laundering information submitted by financial institutions according to law, analyze and evaluate the implementation of its anti-money laundering legal system, and take corresponding regulatory measures such as risk early warning and rectification within a time limit according to the evaluation results.
The People's Bank of China and its branches include the head office of the People's Bank of China, the business management department of the Shanghai headquarters branch, the provincial capital city center branch, the sub-provincial city center branch and the county (city) branch.
Article 4 The People's Bank of China shall be responsible for off-site supervision of the implementation of anti-money laundering regulations by the headquarters of financial institutions nationwide.
Branches of the People's Bank of China are responsible for off-site supervision of branches of financial institutions, headquarters of local financial institutions and financial institutions authorized by the People's Bank of China.
Article 5 The People's Bank of China is responsible for formulating the off-site supervision system of anti-money laundering, determining the information collection content, standardizing the off-site supervision work flow of anti-money laundering, and guiding the off-site supervision work of the branches of the People's Bank of China. The People's Bank of China and its branches shall, according to their respective regulatory scope, formulate specific off-site regulatory targets and off-site regulatory data analysis indicators.
Article 6 Financial institutions shall, in accordance with the provisions of the People's Bank of China, designate special persons to be responsible for submitting anti-money laundering statistical statements, information transaction data statements and internal audit reports to the People's Bank of China and its branches, so as to truthfully reflect the anti-money laundering work.
Article 7 The People's Bank of China and its branches shall keep confidential the relevant information collected according to law.
Article 8 Off-site supervision of anti-money laundering includes information collection, information analysis and evaluation, off-site supervision measures and information archiving.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.