PRC Anti-Money Laundering Law (Revised Draft for Public Comments)

中华人民共和国反洗钱法 (修订草案公开征求意见稿)

June 11, 2021 | BY

Susan Mok

Specific non-financial organizations are also subject to anti-money laundering obligations

Main contents: For the purposes of this Law, the term "specific non-financial organization" means:

(1)        a real estate developer or real estate intermediary firm that provides premises sale and/or brokerage services;

(2)        an accounting firm that is engaged by a customer to manage his or her assets or account, raise funds for an enterprise or act as an agent in the sale/purchase of for-profit physical business;

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