The State Administration of Foreign Exchange declared yesterday that China's first anti-money laundering information system watching foreign exchanges has been officially launched. The system is developed by the SAFE.

As learned this system improves the efficiency of financial institutions and anti-money laundering watchdogs, facilitates the data analysis to fight against money laundering, and detects irregularities or law breaches precisely and promptly. It will help to prevent and crack down various financial crimes including money laundering.

By People's Daily Online