The Chinese central bank has said it has signed a pact with the financial regulators of Macau on anti-money laundering cooperation.
A memorandum of understanding to “prevent money laundering and terrorist financing activities” was signed with the Monetary Authority (AMCM), according to a statement on the website of the People’s Bank of China (PBOC).
Both sides will strengthen information sharing, personnel exchanges and training, as well as cooperation on inspections, the state-run Xinhua news agency reported late last week.
The central bank said the agreement would "strengthen bilateral exchanges" on anti-money laundering regulations, information exchange mechanisms and on-site inspections, but it did not give any more details. It said the two sides would adopt recommendations from a global anti-money laundering body, the Financial Action Task Force, to strengthen regional supervision against money laundering.
