Decree of the President of the People's Republic of China
No. 56

"Anti-Money Laundering Law of the People's Republic of China" has been on the 24th Meeting of the Standing Committee of the Tenth NPC on October 31, 2006. It is now promulgated and shall come into force as of January 1, 2007.

Hu Jintao, President of the People's Republic of China
October 31, 2006

Anti-Money Laundering Law of the People's Republic of China
(Approved on the 24th Meeting of the Standing Committee of the Tenth NPC on October 31, 2006 )

CONTENTS

Chapter I General Provisions
Chapter II Anti-money Laundering Supervision and Administration
Chapter III Anti-money Laundering Obligations of Financial Institutions
Chapter IV Anti-money Laundering Investigation
Chapter V International Anti-money Laundering Cooperation
Chapter VI Legal Liabilities
Chapter VII Supplementary Provisions

Chapter I General Provisions

Article 1 This Law is formulated for the purpose of preventing money-laundering, safeguarding the financial order and cracking down on the crime of money-laundering as well as other relevant crimes.

Article 2 The term "anti-money laundering" as mentioned in this Law refers to an act of adopting the relevant measures according to the provisions of this Law to prevent any money laundering activity for the purpose of concealing or disguising, by all means, the sources and nature of criminal proceeds generated from any drug-related crime, organizational crime of any gangland, terrorist crime, crime of smuggling, crime of corruption or bribery, crime of disrupting the financial management order, crime of financial fraud, etc.