Chinense membership of FATF

The Financial Action Task Force has given approval for China to be a full member of the Financial Action Task Force on Money Laundering This is expected to assist the efforts of its banks to expand overseas.

"Although much work remains to be done in key areas, China has made remarkable progress in implementing measures against money laundering and terrorist financing," said FATF in a statement issued Friday. It said China, which becomes FATF's 34th member, would continue to work on issues tha