Recently, both China and Hong Kong have taken steps to strengthen their anti-money laundering ("AML") regimes. According to Reuters, China has adopted rules which will require financial institutions to rate a client's risk of criminal conduct. Firms must implement the rules by December 2015. China Ratings. Separately, Reuters said that the Hong Kong Monetary Authority ("HKMA") has doubled the size of its AML monitoring unit and HKMA's chief executive has stressed the need for greater AML compliance. The article also discussed the other steps being taking in Hong Kong to combat money laundering. Hong Kong Efforts. The New Zealand Herald summarized the AML laws that will be effective in that country beginning June 30, 2013. New Zealand Laws. And Germany and France have jointly written the European Commission seeking stricter AML requirements, reported Tax-News. The letter was sent in anticipation of the European Commission's Fourth AML Directive. Joint Letter.