Deputy Governor of People's Bank of China: Strengthen Crackdown on Virtual Currency Money Laundering, Over 2,000 Money Laundering Convictions Last Year

BlockBeats News, June 25th. Pan Gongsheng, Deputy Governor of the People's Bank of China, stated that China's anti-money laundering work has entered a new stage of high-quality development. The efforts to combat money laundering and related crimes have been effective. By 2025, there have been over 2,000 cases of money laundering sentenced under Article 191 of the Criminal Law nationwide, focusing on combating professional money laundering, cryptocurrency money laundering, and cross-border money laundering activities, enhancing the quality and efficiency of anti-money laundering crime investigation, prosecution, and judgment.

The article points out that criminal syndicates take advantage of the differences and loopholes in legal systems and regulatory rules among different countries and regions to engage in arbitrage. They use methods such as dummy accounts, wash trading, and cryptocurrencies to disguise the flow of funds, posing new challenges to the financial regulation and law enforcement efforts of various countries. There is an urgent need for enhanced cross-border coordination and cooperation among countries in intelligence sharing, case investigation, asset recovery, and other aspects.