The FATF has approved and published the follow-up report for China. The first mutual evaluation report of China was adopted in June 2007 when China became a full member of the FATF.
China was placed on an enhanced follow-up process as a result of partially compliant and non-compliant ratings in certain of the Core and Key Recommendations in its mutual evaluation report. China reported back at each FATF Plenary on the progress it had made in addressing the deficiencies identified in the mutual evaluation report.
China made significant progress and in October 2008, the Plenary agreed to place China on the regular follow-up process, whereby it would provide the FATF Plenary with annual progress reports.
China has now taken additional action to address the deficiencies in its AML/CFT regime and has therefore been taken off the regular follow-up process. Henceforth, China will report back to the Plenary on any further improvements to its AML/CFT regime on a biennial basis.
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