The People's Bank of China is seeking public opinions on the "Notice on Implementing Matters Related to the Implementation of the Anti-Money Laundering and Anti-Terrorist Financing Supervision and Management Measures for Financial Institutions."

Revised main content: clarify the division of regulatory responsibilities for corporate financial institutions, and elaborate on the anti-money laundering regulatory requirements for non-corporate financial institutions. The "Notice" specifies that the head office regulatory department of corporate financial institutions is responsible for comprehensive supervision, while the regulatory department in the location of the branch of the corporate financial institutions is responsible for supervising their anti-money laundering obligations and the implementation of internal control systems, establishing a systematic regulatory framework for corporate entities, and defining the regulatory content and requirements for non-corporate financial institutions. Improve risk-based anti-money laundering regulatory requirements. The "Notice" stipulates that the head office of the People's Bank of China will coordinate the formulation of a national anti-money laundering regulatory strategy, while provincial branches will formulate local regulatory strategies based on regional risks. At the same time, the regulatory department will conduct risk assessments on corporate financial institutions, allocate regulatory resources according to the institution's risk profile, and formulate and adjust supervision plans rationally. In addition, it also specifies the content and requirements for risk assessments conducted by regulatory departments on corporate financial institutions, as well as the requirements for continuous anti-money laundering supervision. Adjustments to the reporting requirements for anti-money laundering information from financial institutions are included. Firstly, the types of major risk events that must be reported as required by the "Regulations on Anti-Money Laundering and Anti-Terrorist Financing Supervision and Management of Financial Institutions" are elaborated upon. Secondly, the main content and deadlines for annual work reports have been improved, the format of annual work reports has been simplified, and related annexes have been deleted. Other revisions include the deletion of content related to anti-money laundering assessment ratings and the deletion of content related to anti-money laundering management information systems and applications.