Li says China hopes to join FATF

A People's Bank of China official said on Wednesday 16 February that the country hopes to become a full member of the Financial Action Task Force, a global body that develops policies to combat money laundering and terrorist financing.

China first applied for membership of the Financial Action Task Force, or FATF, last February, and was accepted as an observer last week. The Paris-based watchdog was established by the Organization for Economic Cooperation and Development.

Li Ruogu, deputy gove