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China issues guidelines to curb money laundering, terrorism financing and tax evasion

China issues guidelines to curb money laundering, terrorism financing and tax evasion

By REUTERS

A Chinese flag is seen in front of the Friendship bridge over the Yalu River connecting the North Korean town of Sinuiju and Dandong in China's Liaoning Province, on April 1, 2017. Photo: Reuters/ File

BEIJING: China's state council issued guidelines on Wednesday on improving supervision to curb money laundering, terrorism financing and tax evasion. China will step up monitoring of abnormal cross-border capital movements to crackdown on cross-border financial crimes, the state council said in a statement on its website, adding that it will implement UN Security Council resolutions against terrorism financing.