Article 2. Anti-money laundering mentioned in this law refers to acts of taking related measures in line with the provisions of this law to prevent the laundering of money through various means or in disguised forms that are earned through drug trafficking, organized crimes of mafia nature, crimes of terrorism nature, smuggling crimes, crimes of corruption and bribery, crimes of harming the order of financial administration, crimes of financial fraud, and others.
Article 3. Financial institutions set up inside the People's Republic of China and specific non-financial institutions that are requested to perform obligations of anti-money laundering shall take precaution and monitoring measures according to law, develop and improve the system for client identity identification, system to keep the materials of client identity and trading record, and system to report large amount trading and suspicious trading, and implement their duties of anti-money laundering.
Article 4. The anti-money laundering authority under the State Council is responsible for the supervision and administration of nationwide anti-money laundering, and the related departments and institutions of the State Council shall perform duties of anti-money laundering within their respective administrative spheres.
The anti-money laundering authority under the State Council, related departments and institutions of the State Council, and judicial authorities shall provide cooperation to each other in their anti-money laundering endeavours.
Article 5. Documents of client identity and trading information obtained as a result of performing anti-money laundering duties or functions according to law shall be kept confidential, and not be provided to any unit or individual unless specified by law.
The anti-money laundering authority under the State Council and other departments and agencies bearing anti-money laundering duties according to law shall only use the documents of client identity and trading information obtained as a result of performing anti-money laundering duties or functions according to law for the purpose of anti-money laundering purposes.
Documents of client identity and trading information obtained by judicial authorities according to this law can only be used for criminal lawsuits of anti-money laundering.
Article 6. Institutions and their staff performing the obligations of anti-money laundering by submitting reports of large transactions and suspicious transactions according to law shall be protected by law.
Article 7. Any unit or individual knowing the existence of money laundering activities has the right to report to the anti-money laundering administration or administration of public security. Agencies receiving such reports shall keep information about the informant and the content of the report confidential.
