Our solutions for China
PEP Check
Access our comprehensive data sets, which have been compiled from over 20,000 government sources, allowing you to identify politically exposed persons and their close associates
Sanctions Check
Screen against thousands of government regulatory and law enforcement watchlists, and over 100 International and National Sanctions lists that are updated daily.
Adverse Media Check
AI-driven analysis of negative news associated with money laundering and financial crime enhances due diligence efforts in line with the latest AML compliance requirements.
ID Verification
With our ID and FaceMatch checking system, you can verify an individual's identification beyond reasonable doubt.
Know Your Business Check
Identify the relationships between individuals and business entities with our Know Your Business (KYB) solution.
AML Consulting Service
Consult with our experienced, accredited advisers to examine your business's inherent risk and AML program and receive suggestions on ways in which you can improve your current controls.
Want to know more about our solutions?
Request a demoChina's AML/CTF supervisors
The National People's Congress (NPC), the highest body of state power in China, represents the legislative branch in that country's intricate legal system. The NPC elects all the nation's executive, judicial, supervisory, and prosecutorial officials.
The structure of the FIU established within the People's Bank of China is made up of the China Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC), the Anti-Money Laundering Bureau (AMLB), and the 36 provincial divisions of the People's Bank of China. This structure reflects a decentralised approach with a high potential to produce financial intelligence supporting the operational needs of competent authorities.
How do you comply with AML/CTF regulations in China?
The Internal Control Guidelines were published by the China Banking Regulatory Commission (CBRC), requiring banks to clearly define internal control functions, develop their programmes, provide more support, and conduct ongoing reviews and oversight.
To effectively monitor, report, and evaluate suspicious transactions as well as update accountability and follow-up policies and procedures, the guidelines mandate that financial institutions strengthen their three layers of defence, namely business management, risk and compliance, and audit and supervision.
Although China's legal and regulatory framework for combating money laundering is constantly being improved, there are still shortcomings in terms of effectively enforcing laws and regulations and upholding transparency, especially in the context of international cooperation, including:
Establishing internal guidelines to ensure compliance with all applicable laws and regulations
Meeting AML/CTF implementation standards at the global and local levels, compliance and anti-financial crime departments and units by conducting ongoing training to maximise human performance
Transmitting information to the appropriate authorities and judicial institutions to assist in the planning of law enforcement and criminal prosecutions
Requesting information on transactions that are allegedly part of money laundering operations
How can NameScan help?
We offer our clients a secure and user-friendly solution for scanning politically exposed or high-risk individuals. We also cross-reference names against official lists, including sanctions, regulatory, law enforcement, and other relevant databases. This comprehensive approach aims to minimise your risk and establish digital trust.
Make the most of our advanced scan filters and rigorous due diligence process to significantly reduce false matches and save valuable time. Our in-depth reporting features provide quick and easy access to client information. You can download customised reports for further analysis or to demonstrate compliance with your AML program during audits.