Editor’s Note
This commendation from both law enforcement and central banking authorities highlights the critical role financial institutions play in safeguarding economic security. It underscores the importance of proactive compliance and effective cross-agency collaboration in combating financial crime.
Recently, the Nanchong Branch of Postal Savings Bank of China (PSBC) received letters of commendation from the Economic Crime Investigation Division of the Nanchong Public Security Bureau, the Party Committee Office of the People’s Bank of China (PBOC) Nanchong Branch, and its Anti-Money Laundering (AML) Department. The letters highly affirmed the branch’s professional capabilities and proactive efforts in areas such as AML regulatory collaboration, the establishment of joint mechanisms to combat economic crimes, and financial consumer rights protection education and publicity in 2025.
It is reported that the branch has focused its efforts precisely on the front lines of financial risk prevention and control, targeting high-risk areas such as money laundering in the gold and jewelry industry and enterprises suspected of issuing false value-added tax invoices. Through in-depth analysis of abnormal transaction behaviors and integration of online and offline transaction chains, the branch has completed multiple high-quality key suspicious transaction reports. The relevant reports provided clear leads and precise analysis, offering strong support for public security organs to efficiently investigate cases and secure key evidence, earning high praise from relevant departments of the police and the central bank.
In fulfilling its social responsibilities, the Nanchong Branch actively responded to the PBOC’s deployment, proactively participating in public welfare activities such as the “March 15” Financial Consumer Rights Day and the Anti-Money Laundering Publicity Month. It innovatively used methods like short videos, community lectures, and campus classes to promote financial literacy, effectively enhancing the public’s financial knowledge and risk prevention awareness. These practices were recognized as exemplary by the PBOC Nanchong Branch.
Currently, the branch has established a comprehensive AML work mechanism covering monitoring, analysis, reporting, and feedback, and regularly carries out financial knowledge dissemination activities, effectively translating compliance effectiveness into concrete actions to serve local development.
