Vice President of the People's Bank of China, Xuan Changneng, stated, "Since the 14th Five-Year Plan, China's anti-money laundering efforts have entered a new stage of high-quality development. The newly revised Anti-Money Laundering Law officially came into effect in 2025, emphasizing monitoring and assessment of new risks related to emerging fields and new business models."

"Since 2022, the People's Bank of China, the Ministry of Public Security, and ten other departments have jointly launched a three-year campaign to combat and manage money laundering crimes, strengthening efforts against professional money laundering, virtual currency money laundering, and cross-border money laundering activities."
"In 2025, the nationwide number of convictions for money laundering crimes exceeded 2,000 cases."
Xuan Changneng said that currently, new technologies and new business models are being abused by criminals, with the methods of money laundering accelerating in sophistication.
Cross-border professional money laundering networks are exploiting regulatory differences between countries, using underground banks, straw accounts, fund matching, virtual currencies, and other methods to obscure the flow of funds.