|
Welcome Guest
|
|
You are using Guest Account
|
|
||||||||||||||||||||||||||||||||||
|
In order to further elevate the working level of foreign exchange anti-money-laundering, the State Administration of Foreign Exchange has designed and developed the foreign exchange anti-money-laundering information system (hereinafter referred to as the anti-money-laundering information system). At the present time, the deployment and training work of the anti-money-laundering information system throughout the whole country has been concluded. The State Administration of Foreign Exchange has decided to formally put the anti-money-laundering information system into practice as of July 1, 2005. In order to guarantee that the supervision and administration of anti-money-laundering work may be carried out in a sustainable and steady manner and ensure the smooth popularization and application of the anti-money-laundering information system, we hereby notify the relevant issues on the initiation of the anti-money-laundering information system as follows: 1. From July 1, 2005, the principal reporting bank of a bank shall, according to the website as prescribed by the local branch of the State Administration of Foreign Exchange, log onto the anti-money-laundering information system to report such summarized anti-money-laundering supervision information as the data of large-amount or questionable foreign exchange capital transactions of the branches of the bank within the jurisdiction to the local branch of the State Administration of Foreign Exchange through the said system occurred before June 6, 2005 (including June). 2. During July to August of 2005, the principal reporting bank of a bank shall, when reporting the data of foreign exchange anti-money-laundering supervision over the branches within the jurisdiction thereof in June and July to the local branch of the State Administration of Foreign Exchange, report the data by way of the anti-money-laundering information system as well as the original reporting path. In particular, as the data that are reported by the original reporting path cannot be forwarded automatically, they shall be transformed to the data in old format by handwork of the local branch of the State Administration of Foreign Exchange before being forwarded to the State Administration of Foreign Exchange through the original reporting path. 3. From September 1, 2005, the anti-money-laundering information system as newly initiated shall be operated independently and the original reporting system and path shall be terminated. 4. After the anti-money-laundering information system is formally initiated, the electronic data of large-amount or questionable foreign exchange capital transactions as collected by a bank shall be reported to the local branch of the State Administration of Foreign Exchange through the anti-money-laundering information system by the principal reporting bank thereof. The anti-money-laundering data within the whole internal system of a bank as summarized by the parent bank shall be kept within the parent bank so as to be prepared for any requirement of the anti-money-laundering work, which may not be reported to the local branch of the State Administration of Foreign Exchange for the time being. The other provisions of the foreign exchange anti-laundering working system in force may continue to be applied. 5. All the designated Chinese-funded parent banks of foreign exchange shall require the subordinate branches to actively cooperate in the work of the local branches of the State Administration of Foreign Exchange and, according to the foreign exchange anti-laundering working system, finish the filling, reporting, verification and feedback of the foreign exchange anti-money-laundering supervision information in a timely, standard and accurate manner. 6. All branches of the State Administration of Foreign Exchange shall do a good job in the supervision and guidance, occupational training and technical support of the branches and sub-branches, designated Chinese-funded foreign exchange banks and foreign-funded banks within the jurisdiction. All the branches of the State Administration of Foreign Exchange shall, after receiving the present Circular, forward it to the branches and sub-branches, designated Chinese-funded foreign exchange banks and foreign-funded banks within the jurisdiction. The designated Chinese-funded parent banks of foreign exchange shall forward it to the subordinate branches thereof in a timely manner. Any problem as encountered, if any, shall be reported to the State Administration of Foreign Exchange in a timely manner. Contact persons and telephone number: Department of Administration and Examination, Yang Dali Telephone Number: 010-68402390 Information Center, Zhu Yong Telephone Number: 010-68402026 Fax: 010-68402024 |
||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||
|
Copyright 2002 NovexCn.com
|