US, China Discuss AML, CFT Controls

U.S. and Chinese officials met in Beijing last week for the third meeting of the two countries’ Financial Working Group, where they discussed “financial stability” and international financial institutions, including anti-money laundering and combating the financing of terrorism controls. “U.S. officials also frankly raised areas of disagreement during the conversations,” the Treasury Department said in a readout of the meeting. Both sides agreed to continue meeting regularly, and Treasury said Secretary Janet Yellen "looks forward to a return visit to China at the appropriate time.”