China's Supreme People's Procuratorate has urged for increased efforts to combat money laundering crimes involving cryptocurrencies. In a joint work session, they emphasized the importance of implementing the updated provisions of the Anti-Money Laundering Law to address money laundering facilitated by new technologies. The Supreme People's Procuratorate called for enhanced capacity to detect and prosecute money laundering crimes involving cryptocurrencies, given the growing role of digital assets in financial crimes. They stressed the need for advanced tools and expertise to counter the increasing sophistication of money laundering networks that leverage blockchain and other new technologies.



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