Notice of the People's Bank of China on Matters Concerning the Implementation of the Administrative Measures for Anti-Money Laundering and Counter-Terrorist Financing of Financial Institutions Released
ISSUING AUTHORITY:
National Administration of Financial Regulation
DATE OF ISSUANCE:
October 20, 2025
EFFECTIVE DATE:
December 1, 2025
On October 20, 2025, the People's Bank of China (PBOC) issued the Notice on Matters Concerning the Implementation of the Administrative Measures for Anti-Money Laundering and Counter-Terrorist Financing of Financial Institutions ("Notice"), which took effect on December 1, 2025.
The Notice aims to further standardize the supervision of anti-money laundering and counter-terrorist financing, further implement risk-based requirements, and ensure the effective implementation of the Administrative Measures for Anti-Money Laundering and Counter-Terrorist Financing of Financial Institutions. Its key provisions provide clarification and detail across three primary areas: regulatory responsibilities, risk-based supervision, and financial institution work requirements.
The core adjustments and innovations introduced by the Notice focus on the following key aspects: (1) Clarifying the division of Anti-Money Laundering and Counter-Terrorist supervisory responsibilities, designating the PBOC and its branches as the supervisory authorities, and specifying the principles for determining the supervisory jurisdiction over national and local legal-person financial institutions, including coordination mechanisms for special circumstances; (2) Strengthening the risk-based supervision framework, requiring supervisory bodies to develop and adjust supervision strategies and plans based on the money laundering and terrorist financing risk profiles of financial institutions, and establishing an ongoing risk assessment mechanism; (3) Specifying work requirements for financial institutions, mandating timely reporting of significant risk events and the submission of annual Anti-Money Laundering work reports by specified deadlines to enhance the pro-activity and effectiveness of risk management.
Next, the People's Bank of China will enhance internal and cross-regional supervisory coordination to ensure the smooth and effective implementation of the new rules, continuously refine the Anti-Money Laundering supervision framework, consolidate the foundation for risk prevention in the financial sector, and promote high-quality development of Anti-Money Laundering efforts.
Reference:
中国人民银行关于落实《金融机构反洗钱和反恐怖融资监督管理办法》有关事项的通知（银发〔2025〕205号）
