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LATEST: Some progress by China on AML/CFT deficiencies leads to upgrade on two FATF recommendations; country remains in ‘enhanced follow up’

By Elizabeth Hearst for AMLi

The Financial Action Task Force (FATF) today upgraded China’s compliance on two of its recommendations, following progress addressing technical compliance deficiencies. 

In its latest enhanced follow-up report, China was upgraded to partially compliant from non-compliant in Recommendation 7.

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