Core Viewpoint - The central bank has released feedback on the public consultation regarding the implementation of the "Supervision and Administration Measures for Anti-Money Laundering and Anti-Terrorist Financing by Financial Institutions," indicating that most of the 17 opinions received during the consultation period have been adopted [1] Group 1 - The suggestion to remove the reporting obligation regarding penalties or sanctions imposed by local anti-money laundering regulatory authorities on independent foreign legal entities within the same group has been adopted, and the relevant provisions have been deleted [1] - The recommendation to change the signatory authority for the annual anti-money laundering work report from the institution's main responsible person to "responsible person" has been accepted, with the term "main responsible person" modified to "responsible person" [1] - The difficulty in submitting the annual anti-money laundering work report by the end of January of the following year has led to the adoption of a revised deadline, which has been changed to the end of March [1]

Core Points - The People's Bank of China (PBOC) has released a draft decision to modify and abolish certain regulations, which will be open for public consultation from July 15 to August 14, 2025 [1] - A total of 28 valid opinions were received during the consultation period, with most suggestions being adopted after thorough research and analysis [1] Group 1: Suggestions and Adoption - The suggestion to add supplementary requirements for institutions reporting large transactions has been adopted, with relevant requirements included in Article 9(4) of the "Management Measures for Reporting Large Transactions and Suspicious Transactions by Financial Institutions" [1] - The recommendation to further clarify the requirements for monitoring lists has been accepted, with details to be specified in the management measures related to anti-money laundering [1] - The proposal to clarify the responsibilities of the leading department and related business departments in financial institutions regarding anti-money laundering has been adopted, with modifications made to Articles 4 and 10 of the "Supervision Management Measures" [1] - The suggestion to supplement the circumstances under which financial institutions should conduct irregular special assessments has been accepted, with the term "regular" removed from Article 4 of the "Supervision Management Measures" [1] - The recommendation to retain the original wording of Article 8(2) of the "Supervision Management Measures" has been adopted, adding a requirement for institutions to take necessary legal measures for money laundering risk management when needed [1]

Group 1 - The event aimed to enhance the awareness of anti-money laundering among precious metal operators and effectively prevent money laundering risks [1][3] - The market supervision bureau provided interpretations of the legal basis and significance of the "Beneficial Owner Information Filing System" under the Anti-Money Laundering Law of the People's Republic of China [3] - The bureau emphasized the importance of timely completion of beneficial owner information filing and the social responsibility of market entities in anti-money laundering efforts [3] Group 2 - The market supervision bureau plans to strengthen risk investigation and crackdown on money laundering and terrorist financing in key sectors and industries [3] - There will be continuous innovation in promotional methods to expand the coverage of anti-money laundering awareness [3] - The initiative aims to mobilize various parties to contribute to safeguarding the public's financial interests [3]

Core Points - The People's Bank of China (PBOC) and the Central Bank of Brazil signed a Financial Strategic Cooperation Memorandum and a bilateral currency swap agreement, aiming to enhance cooperation between the two central banks [1][2] - The bilateral currency swap agreement is valued at 190 billion RMB / 157 billion Brazilian Reais, effective for five years, with the possibility of extension, facilitating the use of local currencies in trade and investment [1] - The agreements signify a new phase of mutually beneficial and efficient cooperation, providing better financial services for enterprises and strengthening the comprehensive strategic partnership between China and Brazil [2] Group 1 - The Financial Strategic Cooperation Memorandum aims to improve the investment environment, enhance financial market infrastructure, and support cross-border payment systems [1] - The currency swap agreement will help stabilize financial markets and promote trade and investment facilitation between China and Brazil [1] - The PBOC and the Central Bank of Brazil will collaborate on anti-money laundering and counter-terrorism financing efforts, sharing intelligence to combat cross-border financial crimes [2] Group 2 - The PBOC will also sign a Financial Strategic Cooperation Memorandum with the Brazilian Ministry of Finance to coordinate on financial markets and international monetary policy [2] - The cooperation includes exploring sustainable development financing mechanisms and promoting reforms in the international monetary system [2] - The agreements are expected to provide financial support for the alignment of development strategies between China and Brazil [2]

Core Points - The People's Bank of China has issued the "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing for Precious Metals and Gemstone Practitioners" to implement the Anti-Money Laundering Law of the People's Republic of China [1][2] - The measures require practitioners to fulfill anti-money laundering obligations for cash transactions of 100,000 RMB or more, or equivalent foreign currency [2][3] - The new regulations will take effect on August 1, 2025, and practitioners must submit large transaction reports to the Anti-Money Laundering Monitoring and Analysis Center within five working days of the transaction [3] Summary by Category Regulatory Framework - The issuance of the management measures is part of the effort to enhance compliance with anti-money laundering laws in the precious metals and gemstone sectors [1][2] - The measures outline specific obligations for practitioners regarding cash transactions above the threshold of 100,000 RMB [2][3] Compliance Requirements - Practitioners are required to conduct customer due diligence based on the "Know Your Customer" principle for transactions that meet the specified cash threshold [2][3] - A large transaction report must be submitted within five working days for qualifying transactions [3] Implementation Timeline - The new management measures will come into effect on August 1, 2025, providing a timeline for practitioners to prepare for compliance [3]

Core Points - The People's Bank of China has issued a notice regarding the implementation of anti-money laundering and counter-terrorism financing management measures for precious metals and gemstone industry practitioners, effective from August 1, 2025 [1][3] Group 1: Regulatory Framework - The new regulations require institutions to fulfill anti-money laundering obligations for cash transactions of 100,000 RMB or more, or equivalent foreign currency [3] - Institutions must conduct customer due diligence based on the "Know Your Customer" principle for transactions meeting the specified threshold [3] - A large transaction report must be submitted to the Anti-Money Laundering Monitoring and Analysis Center within five working days of the transaction [3]

Core Points - The People's Bank of China has issued a notice regarding the implementation of the "Management Measures for Anti-Money Laundering and Counter-Terrorist Financing for Precious Metals and Gemstone Practitioners" [1] - The measures will take effect from August 1, 2025 [3] Summary by Sections Regulatory Framework - Institutions engaging in cash transactions of 100,000 RMB or more (including 100,000 RMB) or equivalent foreign currency must fulfill anti-money laundering obligations as per the new measures [3] - Institutions are required to conduct customer due diligence based on the "Know Your Customer" principle, considering customer characteristics and the nature of transaction activities [3] Reporting Requirements - For cash transactions of 100,000 RMB or more (including 100,000 RMB) or equivalent foreign currency, institutions must submit a large transaction report to the Anti-Money Laundering Monitoring and Analysis Center within five working days of the transaction [3]

Group 1 - The People's Bank of China has issued a notice regarding the implementation of anti-money laundering and anti-terrorist financing management measures for precious metals and gemstone industry practitioners [1] - Institutions are required to fulfill anti-money laundering obligations for cash transactions of 100,000 RMB or more, or equivalent foreign currency [1] - Institutions must conduct customer due diligence based on the "Know Your Customer" principle for transactions meeting the specified threshold [1] Group 2 - Institutions are mandated to submit large transaction reports to the Anti-Money Laundering Monitoring and Analysis Center within five working days of the transaction [1] - The new measures will take effect on August 1, 2025 [1]

Group 1 - The "Regulations on Sharing Government Data" will be implemented on August 1, emphasizing unified directory management of government data and restrictions on unauthorized use and sharing of data obtained through sharing [1] - The new "Classification and Directory of Occupational Diseases" will also take effect on August 1, expanding from 10 categories and 132 types of occupational diseases to 12 categories and 135 types, including new categories for occupational musculoskeletal diseases and occupational mental and behavioral disorders [1] - The "Administrative Penalty Discretionary Power Standards for Cybersecurity Violations" will be enforced on August 1, introducing heavier penalties for severe violations affecting network information and data security, particularly concerning personal information and minors [1] Group 2 - The "Management Measures for Reporting Cybersecurity Incidents in the People's Bank of China" will be effective from August 1, outlining reporting requirements for financial institutions regarding cybersecurity incidents and establishing classification standards for incident severity [2] - The "Defective Special Equipment Recall Management Rules" will be implemented on August 1, covering special equipment such as elevators and amusement rides, detailing the recall process from defect information collection to supervision [2] - The "Cosmetic Safety Risk Monitoring and Evaluation Management Measures" will take effect on August 1, focusing on monitoring five categories of risk substances that could harm human health, especially for vulnerable groups [2] - The "Labeling Management Regulations for Traditional Chinese Medicine Pieces" will be effective from August 1, 2024, requiring labels to include production dates and shelf life, with shelf life determined by manufacturers [2]

Group 1 - The new regulations effective from August include the implementation of a revised "Occupational Disease Classification and Catalog," which expands the categories from 10 to 12 and increases the total number of occupational diseases from 132 to 135, adding new categories for musculoskeletal diseases and mental disorders [3] - A new anti-money laundering regulation requires reporting of cash transactions exceeding 100,000 RMB or equivalent foreign currency, mandating institutions to submit large transaction reports within five working days [3] - The "Cybersecurity Incident Reporting Management Measures" will standardize the reporting of cybersecurity incidents in the financial sector, requiring institutions to report significant incidents to the People's Bank of China [3]