Xuan Changneng, Vice President of the People’s Bank of China, said that since the “14th Five-Year Plan,” China’s anti-money laundering work has entered a new stage of high-quality development, and the newly revised Anti-Money Laundering Law was officially implemented in 2025, with an emphasis on monitoring and assessing new money-laundering risks related to new fields and new business models. Since 2022, the People’s Bank of China, the Ministry of Public Security, and 11 other departments have jointly carried out a three-year campaign to crack down on and govern money laundering-related unlawful crimes, strengthening efforts to target professional money laundering, virtual currency money laundering, and cross-border money laundering activities. By 2025, the number of cases tried nationwide for the crime of money laundering exceeded 2,000. Xuan Changneng said that criminals are currently abusing new technologies and new business models, and that the upgrading of money-laundering methods is accelerating; cross-border professional money-laundering networks are taking advantage of regulatory differences between different countries, using means such as underground money houses, straw accounts, fund-matching transactions, virtual currencies, and other methods to conceal the flow of funds.