Industrial Bank Won the “2011 Outstanding Achievement Prize in Saving the Social Cost of Anti-money Laundering of Fujian Finance Industry”

On April 25, 2012, the “2012 Fujian Anti-money Laundering Work Conference of the Finance Industry and Special Non-finance Sectors” was held by Fuzhou Central Sub-branch of the People’s Bank of China. The model anti-money laundering institutions and individuals of the finance industry across the province were commended at the meeting. IB won the “2011 Outstanding Achievement Prize in Saving the Social Cost of Anti-money Laundering of Fujian Finance Industry”, and the Law and Compliance Department of the bank was honored the title of “2007-2011 Model Anti-money Laundering Institution of Fujian Finance Industry”.

Since the launch of the anti-money laundering campaign, IB has kept intensifying the management of compliance risks and made tremendous efforts in exploring how to construct the anti-money laundering regimes, how to consolidate the internal control regimes for anti-money laundering and how to perform the anti-money laundering obligations effectively, pushing the anti-money laundering campaign forward in achieving the key frog-leap development from the starting stage of building foundation to the stage of all-round in-depth development. This great honor was the high recognition of the People’s Bank of China and the finance industry to the anti-money laundering campaign of IB. Furthermore, it is also a spur and encouragement to the future work of the bank. IB will continue taking the anti-money laundering campaign as an important long-term job invariably, make greater progress in terms of ideology, internal control regimes, working mechanism and cultural incubation, and further assume the responsibilities of preventing money laundering crimes, maintaining socio-economic order and guaranteeing the long-term stability of the society.