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More than 650,000 suspected money laundry cases have been reported to the Chinese Anti-Money Laundering Monitoring and Analysis Center, since it established in April 2004.
According to the People's Bank of China, China's central bank, the suspected cases include both domestic and foreign currencies. After investigation, the center has confirmed money laundering related cases are increasing.
The Chinese Anti-Money Laundering Monitoring and Analysis Center has realized data transit with 17 commercial banks, aiming to enforce the monitoring the money laundering.
The People's Bank of China vows to expand the monitoring scale and call for the fight against money laundering.
(CRI.com October 5, 2005)
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