Alipay, CFT! Big News!
The leader in third-party payments will face direct oversight from the People\'s Bank of China (PBOC) as a result of the revised \"Notice on Implementing the Financial Institutions Anti-Money Launderi
The leader in third-party payments will face direct oversight from the People's Bank of China (PBOC) as a result of the revised "Notice on Implementing the Financial Institutions Anti-Money Laundering Supervision and Management Regulations".
To further standardize anti-money laundering supervision, the PBOC recently revised the aforementioned notice. The most notable aspect is that Alipay (China) Network Technology Co., Ltd. (also known as "Alipay") and CFT Payment Technology Co., Ltd. (also known as "CFT") have been added to the list of institutions subject to direct oversight.
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