China has said it has arrested 93 people suspected of involvement in a gang that laundered up to US$5.6 billion using virtual currencies.

On February 17, 2016, the Spanish headquarters of the Industrial and Commercial Bank of China ("ICBC") were raided by Europol officers and Spanish law enforcement authorities...

In late 2016, the Chinese State Council announced new capital controls were to be put in place as of January 1, 2017, with the aim of reducing the outflow of currency from China.

A sentencing hearing is scheduled before U.S. District Court Judge Loretta A. Preska on March 19, 2019.

The AML, like nearly all global antitrust laws, prohibits a company from using a dominant or monopoly position in a market to unfairly exclude competition or enhance its dominant position.

Importance of immediate action and a multi-disciplinary approach when tackling fraud in China.

With the continuous development of onshore financial markets and the ever-intensifying requirements globally for anti-money laundering ("AML"), it has become increasingly imperative for China...

Central Bank Digital Currencies (CBDCs) is an electronic form of currency and developed by the government to supplement traditional fiat money such as backnotes and coins.

In late June 2022, the 13th National People's Congress Standing Committee adopted the First Amendments to China's Anti-Monopoly Law ("AML"). The amendments will take effect...

On May 12, 2025, Matthew R. Galeotti, the head of the DOJ's Criminal Division, gave a speech at SIFMA's Money Laundering and Financial Crimes Conference that previewed subsequently issued policy changes...

Day and night, new reports on alleged wrongdoings of individuals and organizations become public. Some allegations provide indications to financial institutions regarding their customers' financial crime and reputational risks.

China has issued sweeping new regulations that directly challenge Western sanctions, export controls, and forced-labor compliance regimes, creating structural conflicts for multinational companies operating across jurisdictions. These measures authorize investigations, countermeasures, and a "malicious entity list" targeting foreign actors and their advisers who comply with extraterritorial rules deemed improper by Beijing. The regulations carry material personal exposure for executives, compliance staff, a

The automobile industry has been under the radar of China's antitrust enforcement for a number of years.

China's regulatory system of anti-money laundering ("AML") and combating the financing of terrorism ("CFT") aims to secure national security and maintain the stability of the financial market.

China adopted amendments to its Anti‑Monopoly Law ("AML") in June 2022 that expand when China may exercise extraterritorial jurisdiction to review transactions and conduct...

The year 2022 was pivotal for antitrust law enforcement in China, with a major legislative overhaul and series of proposed amendments to implementing regulations of China's AntiMonopoly Law (AML).

The ruling's impact is significant. The SPC "got its hands dirty," going out to clarify the law in an area lacking detailed rules or guidelines by the legislator and the antitrust authorities.

China updated its framework on commercial bribery and introduced new legislation to enhance oversight of government officials as part of its anti-corruption efforts.

China's draft Amended Anti-Money Laundering (AML) Law1 (AML Law) was submitted to the Standing Committee of the National People's Congress (NPC)...

Mainland China has issued a comprehensive notice that explicitly addresses virtual currencies and Real World Asset tokenisation, drawing clear boundaries around what constitutes illegal financial activity onshore while outlining narrow pathways for compliant offshore structures. The document signals a fundamental shift in how regulators view tokenisation—not as a technology workaround, but as regulated finance subject to the same scrutiny as traditional financial activities. For firms operating in Hon