The CICPA reminds accounting firms to fulfill their anti-money laundering obligations in accordance with the law and establish a sound internal control system for anti-money laundering.

On June 10th, the China Association of Certified Public Accountants issued a document reminding accounting firms to pay high attention to anti-money laundering risk management. In accordance with the requirements of the "Measures", accounting firms should conduct a comprehensive self-examination and self-correction of their anti-money laundering internal control system and implementation, identify weak links, and ensure that all requirements are implemented. Accounting firms should incorporate anti-money laundering requirements into their quality management system, adhere to a risk-oriented approach, regularly identify and assess money laundering risks they face, allocate resources reasonably based on their operating areas, business scale, client structure, delivery channels, and money laundering risk conditions, and establish a sound internal control system for anti-money laundering that is adapted to the risk situation. In the process of accepting and maintaining customer relationships and specific business, increase the assessment factors of money laundering risks. When establishing business relationships with clients involving specific businesses, conduct customer due diligence based on customer characteristics, nature of the entrusted matters, and money laundering risk conditions, and establish corresponding risk prevention mechanisms.