What is the Anti-Money Laundering Continuation Report?

If a financial institution believes that a customer is suspected of money laundering or cannot rule out suspicious circumstances, it should submit a suspicious transaction report to the Anti-Money Laundering Monitoring and Analysis Center.

After submitting a suspicious transaction report, relevant customers, accounts and transactions should be continuously monitored, if the suspicion of money laundering, terrorist financing or other criminal activities still cannot be ruled out, and the suspicious characteristics have not changed significantly after analysis. , a follow-up report should be submitted every three months from the date of the last suspicious transaction report submission. The follow-up report shall cover the new suspicious transactions within the three-month monitoring period, and indicate the first suspicious transaction report number, the urgency of the report, and the number of additional additions. If the suspicious characteristics have changed significantly after analysis, a new suspicious transaction report shall be submitted in accordance with regulations.

According to Article 11 of the "Measures for the Supervision and Administration of Anti-Money Laundering by Financial Institutions (Trial)", anti-money laundering reporting institutions should write an annual anti-money laundering report and report the following contents to the People's Bank of China or its branches as scheduled: (1) ) The overall situation of anti-money laundering work and institutional overview; (2) The establishment of anti-money laundering working mechanisms; (3) The performance of legal obligations against money laundering; (4) The cooperation and effectiveness of anti-money laundering work; (5) Other anti-money laundering work situations , questions and suggestions. If a financial institution has overseas branches, the headquarters of its domestic legal person financial institution shall report to the People's Bank of China or its branch offices on an annual basis the status of their overseas institutions' acceptance of anti-money laundering supervision by the country (region) in which they are located.

Anti-money laundering internal control refers to a series of systems, measures, procedures and methods developed and organized and implemented by financial institutions to ensure the effective development of anti-money laundering work, restricting and coordinating various internal departments and personnel. (static form), as well as the dynamic process and mechanism of using these systems, measures, procedures and methods to prevent, control, supervise and correct relevant risks beforehand