Vice Governor of the People's Bank of China: Strengthen the crackdown on virtual currency money laundering, with over 2000 cases convicted of money laundering crimes last year Odaily Planet Daily News The People's Bank of China's official account published an article, and the Vice President of the People's Bank of China, Xuan Changneng, said that China's anti money laundering work has entered a new stage of high-quality development, and the fight against money laundering and related crimes has achieved remarkable results. In 2025, the number of cases sentenced for money laundering in accordance with 191 articles of the Criminal Law exceeded 2000, strengthening the fight against professional money laundering, virtual currency money laundering and cross-border money laundering activities, and improving the quality and efficiency of money laundering investigation, prosecution, and judgments. Criminal gangs exploit the differences and loopholes in legal systems and regulatory rules among different countries and regions for arbitrage, using various methods such as head accounts, fund swaps, and virtual currencies to conceal the flow of funds. This poses new challenges to financial regulation and law enforcement efforts in various countries, and urgently requires countries to strengthen cross-border coordination and cooperation in intelligence sharing, case investigation, asset recovery, and other areas.