OREANDA-NEWS. May 21, 2014. Governor Zhou Xiaochuan and Governor Juan Carlos Fabrega of the Central Bank of Argentine Republic(BCRA) signed the MOU of the People’s Bank of China and Central Bank of Argentine Republic on the Prevention of Money Laundering and Financing of Terrorist Activities, covering the bilateral anti-money laundering (AML) information exchange mechanism, mutual assistance and cooperation arrangements in AML on-site examination, strengthening personnel exchange and training between the two sides, and etc.

This is the first MOU signed by the PBC and another central bank on bilateral AML regulatory cooperation.

The signing of this MOU is important for furthering China’s AML exchanges with other countries, strengthening communication and cooperation with fellow AML regulators around the world, and for ensuring that the AML work of Chinese financial institutions are conducted in accordance with laws and regulations in places beyond Chinese borders.