PBOC Tripled AML Penalties in 2020 Compared to 2019 By Editors, Regulation Asia Published on 14th January 2021 Failures to perform customer identification and to report lar-value and suspicious transactions were the most frequent reason for the penalties. To continue reading... Sign in Password * Remember me Lost your password? **If you were a member of the previous Regulation Asia website, you will have to re-register your details to gain access to the site. Get access to Regulation Asia Regulation Asia delivers the latest news, research and analysis on regulation across banking and capital markets. Enquire about a subscription today. Get in touch with one of our team or purchase a subscription by clicking below: FREE TRIAL Subscribe To discuss our subscription options please email [email protected] Share via: More Related:AML, customer identification, featured, PBOC, PwC, STRs, suspicious transaction reports, Transaction Reporting Recommended for you MAS Penalises Bank J. Safra Sarasin for SoW/SoF Failures Digital ID Perceived As Beneficial in Combatting Financial Crime China: SAFE Approves $5b in QDLP Quotas for Hainan