**News Flash: China Tightens Anti-Money Laundering Laws Amid Crypto Concerns**

Chinese lawmakers are revising anti-money laundering laws to better monitor risks from emerging financial technologies, including cryptocurrencies. Announced on Sept. 9, the changes aim to enhance detection methods in response to rapid tech development.

Key points:

- The central bank and financial regulators will collaborate on guidelines to manage these risks.

- Financial institutions must assess money laundering risks from new business models.

- The Supreme People's Court now includes virtual assets as potential money laundering methods.

China's stringent stance on digital assets continues, reflecting ongoing efforts to control and regulate the crypto space.