At the same time, PBC is conducting research on central data base network and collaborating with current data bases, for example, credit registration system, payment and settlement system, banking accounts management system etc. The PBC explores actively to establish data searching and verification platform for public security, customs, taxation agencies, industrial and commercial administrations to improve efficient use of suspicious transaction information.
The PBC stands ready to sign with relevant law enforcement agencies of other countries and regions the Memorandum of Understanding on information exchange to challenge the new trend with increasingly more international and cross-border crimes. In summary, anti-money laundering and combating terrorist financing in China developed rapidly with evident achievements and met the requirements of FATF 40 plus 9 recommendations.