National Internet Finance Association of China (NIFA)

On 11 April 2019, the Associationof Certified Anti-Money Laundering Specialists (ACAMS) and the National Internet Finance Association of China (NIFA) signed a memorandum of understanding (MOU) for internet financein Beijing. The two organisations have agreed to cooperate in a wide range of areas to help combat money laundering in internet banking by means of initiatives including resource sharing, employee training, certification, research into standards, and membership services. With a solid foundation based on resource sharing and mutual benefit, this cooperation will promote andimprove the anti-money laundering capacities of internet finance both in China and worldwide. The signing of this MOUmarks the officiallaunch of a framework for cooperation between the two organisations. Through this partnership, China's internet banking institutions and professionals will receive international support and help with anti-money laundering in the form of information sharing, expert consultation, training and certification, and knowledge exchange.