Study On The Anti-Money Laundering In Financial Circles

'Money Laundering' is a kind of activity and course that conceal the crimal income and makes it seems legal. Actually, 'money laundering' means washing the dirty metal coin and no derogatory sense. The modern money laundering crime began at 1920's, with the huge organizing crimal groups in U.S.A. Yet, since 1970's 'money laundering' become a legal word means cover up and conceal the illegal crimal income. USA is the first country which starts to study 'money laundering'. About the concept of 'money laundering', there are different statements in international organizations and countries and regions at present, however, they have same meanings. With the development of society 'money laundering' have a new meaning. If want to understand the money laundering and crime of money laundering correctly, we must know the constitutions of the money laundering crime, and difference between money laundering and other crimes.For prevent and attack money laundering, we must to learn the method of money laundering. Crime of money laundering is a kind of new-type international crime. A typical and entire money laundering process may be divided into three stages: placement, layering, integration, and from which many common money laundering methods derive. The most ordinary method including: smuggling currency; buying securities; using 'smurfs'; buying finance organization; foreign exchange bourse. Facing the joint attaches of the police of every country, some more concealed money laundering methods emerged which made use of the advanced science and technology or loopholes of law. For instance make use of electric currency (for instance credit card). Make use of internet bank, make use of entrusting.After the reform and opening to the outside world, more and more serious phenomena of money laundering have arisen in China. For attacking money laundering crime, Chinese Government joins . These regulations make clear the China Central Bank is the supervising department of financial institution anti-money laundering, require financial institution to set upane amplify the civil system of anti-money laundering, and punish the disobey financial institution.This marks that our country has already set up the laws and regulations system of anti-money laundering tentatively, have formed the financial circles with distinct Chinese characteristics anti-money laundering system basically. But there are a lot of deficiencies, these have already had the law insufficiently, there is the system.Our country should proceed with several aspects on strengthen the work of financial institution anti-money laundering.Firstly strengthen the legislation of anti-money laundering in Chinese financial circles. China needs structure three levels of legal system. The first level is legal aspects, includes perfecting Chinese criminal legislation of anti-money laundering and making he special anti-money laundering law. The second level is State Council to make the administrative statute of anti-money laundering according to the law. The third label is related departments China Central Bank makes administration code. That is namely perfect Chinese crimal lawmaking of anti-money l...