The total amount involved in the cases was as high as several billion yuan, effectively holding in check the momentum of money laundering through underground money centers. At present, there are still some pending cases of money laundering referred by the PBC and the SAFE to the public security departments for investigation. Meanwhile, we shall realize clear-minded the difficulties and protraction of AML work.
Due to late start of AML and faced with the complex situation, the current AML in China is still falling short of the requirements and changes of the situation. The deficiencies of AML are mainly as follows. AML laws and regulations are far from perfect, leaving quite a gap from the perspective of the international practices and AML requirements.