CHINA AND INDIA’S AML POLICIES CONTRAST BECAUSE OF SYSTEMIC POLITICAL DIFFERENCES
March 1st, 2019
China and India as the world’s two most populous nations share a handful of similarities in their AML policies, but there are important contrasts, many springing from the fact that China is an authoritarian one-party state and India a sometimes chaotic multi-party democracy.
One commonality is that legislation specifically targeting ML is relatively new in both countries, with key basic AML laws being introduced in 2002 in India and 2007 in China – with a series of reforms to these laws being introduced
Another commonality is that both countries are now ...
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