CSRC to enhance crackdown on money laundering

The China Securities Regulatory Commission (CSRC) will enhance its crackdown on money laundering, with a string of concrete measures.

Anti-money laundering will be further prioritised as it bears much importance for the stable and healthy development of the capital markets, the securities regulator said in a statement.

The CSRC will enhance regulation cooperation and information sharing with the country's central bank, while the regulatory mechanism for anti-money laundering will be improved, reports Xinhua.

Supervision will be increased in terms of market access, anti-money laundering checks and punishment, and efforts will be made to train more experts in the field, the CSRC said.