Cover up the source and nature of illegal income and the income generated by it through various means, and legalize it in form. According to the Anti-Money Laundering Law of People's Republic of China (PRC) and the Law of the People's Bank of China of the People's Republic of China, the People's Bank of China formulated the Anti-Money Laundering Regulations for Financial Institutions.
The Measures for the Administration of Extended Materials clearly stipulates that the anti-money laundering law enforcement departments of the People's Bank of China and its branches are responsible for on-site anti-money laundering inspections. On-site inspection of anti-money laundering includes on-site inspection preparation, on-site inspection implementation and on-site inspection treatment.
The "Administrative Measures" stipulates that the People's Bank of China shall conduct on-site inspections on the headquarters of financial institutions and financial institutions that it believes should be directly inspected; Branches of the central bank conduct on-site inspections of branches and local financial institutions of financial institutions within their jurisdiction, as well as on-site inspections of financial institutions authorized by the superior bank.
The Central People's Government and the People's Bank of China promulgated management measures to regulate the on-site inspection of anti-money laundering.