China Places Alipay, Tenpay, NetsUnion Under Direct AML Oversight: Report
China has placed Alipay, Tenpay, and NetsUnion Clearing Corporation under the direct anti-money laundering supervision of the People’s Bank of China (PBOC), according to a report by Yicai. The move expands the central bank’s regulatory scope to include major non-bank payment platforms as part of… Read More
Read more in: Fintech, Asia, Politics, Legal & Regulation | Tagged alipay, NetsUnion Clearing Corporation, peoples bank of china, Tenpay