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3 months ago
China cbank says oversight of account openings, suspicious transactions to be stepped up
May 25, 2017 / 9:13 AM / 3 months ago

China cbank says oversight of account openings, suspicious transactions to be stepped up

BEIJING, May 25 (Reuters) - The People's Bank of China (PBOC) issued a notice on Thursday saying the management and oversight of account openings and suspicious transactions will be increased.

The measures are meant to target money laundering and other suspicious activities, the notice on the PBOC's website said.

Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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