Deputy Governor of the Central Bank: Strengthen the crackdown on money laundering involving virtual currencies, with over 2,000 money laundering cases adjudicated last year

According to an article published by the People's Bank of China on its official account, Vice Governor Xuan Changneng stated that the high-quality development of China's anti-money laundering work has entered a new stage, with significant results in combating money laundering and related illegal crimes. By 2025, the number of cases sentenced nationwide for money laundering under Article 191 of the Criminal Law is expected to exceed 2,000. Since 2022, efforts have been strengthened to combat professional money laundering, virtual currency money laundering, and cross-border money laundering activities, improving the quality and efficiency of investigations, prosecutions, and judgments of money laundering crimes.