China, US sign MOU on money laundering and terrorism

BEIJING - A memorandum of understanding (MOU) on money laundering and countering terrorist financing has been signed between China and the United States.

The MOU was signed between the China Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC) and the US Financial Crimes Enforcement Network (FinCEN) at a meeting in the United States last week, according to a statement on the website of the People's Bank of China (PBOC) on Tuesday.

During the meeting in New York between Dec. 10 and 11, officials from the two sides discussed terrorist financing, risk evaluation and China-US cooperation on money laundering.