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| NPC to Discuss Anti-money Laundering Law |
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The draft of an anti-money laundering law will be reviewed for the first time by the 21st Session of the Standing Committee of the 10th National People's Congress (NPC) of China on April 25. The Budgetary Work Committee of the NPC Standing Committee said on Monday that with economic globalization and frequent transnational capital flow money laundering was happening in both developed and developing countries. The international community recognized that fighting back against money laundering crimes relied heavily on international cooperation based on both domestic and international legislation, the Committee observed. The coming session of the 10th NPC Standing Committee will continue to deliberate drafts of the Law on the Quality and Safety of Agricultural Products, Passport Laws and an amendment to Compulsory Education Law. The draft amendment to Partnership Law will be submitted to the coming session for first deliberation. The legislative session will also deliberate on a motion relating to acceding to the Joint Convention on the Safety of Spent Fuel Management and on the Safety of Radioactive Waste Management. Other motions include the ratification of the extradition treaty between China and Brazil, the Treaty on Criminal Judicial Assistance between China and Spain, the Extradition Treaty between China and Spain and a motion on ratifying the Treaty on Criminal Judicial Assistance between China and France. (Xinhua News Agency April 18, 2006)
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