TheAnti-MoneyLaunderingActcontainsrequirementsforfinancialintermediariesincluding,forexample,theneedtoestablishtheidentityofbeneficialowners.Thelawaimstoprotectthefinancialsystemagainsttherisksofmoneylaunderingandthefinancingofterrorism.Moneylaunderingrisksareespeciallyhighinadecentralisedblockchain-basedsystem,inwhichassetscanbetransferredanonymouslyandwithoutanyregulatedintermediaries.

银行受益于系统性风险改善驱动R7oT复，行业结构继续优化，净息差BH1L不良率有望继续改善；地产低库spve下，行业景气悲观预期上修，行CEaU集中度提升继续发力，房地产长Oj5I机制加速建立提供板块催化，房UkBu产有望迎来估值体系变化，全年IQo5绝对收益，估值有20%提升空间。