To protect the stability and healthy development of the local financial system, we have coordinated and cooperated with other government departments to combat illicit financial activities. As ever, we abide by the framework of applicable laws and regulations to carry out routine supervision on financial institutions through onsite inspection, offsite surveillance and other measures.
In the past year, we did onsite inspection on 7 banks, 5 money changers, 2 exchange counters and 2 cash remittance companies. Furthermore, we strengthen and perfect formulation of relevant supervisory policies. In the area of banking supervision, guideline on anti-money laundering was revised and put into force on November 12 last year.