The Defect And Development Of Legislation Against Money Laundering

In the 1920s', money laundering crimes came up with drug-related crimes and organized crimes. Nowadays, money laundering crimes tend to be professional, updated in the methods and ways employed, equipped with modernized means, more rampant and widened in scope. As the damage caused by money laundering increases, there is a great effect on national security and economic development. Money laundering crimes have posed a damping threat to global economic development.Money laundering crimes emerged relatively later in China, having not gone through transitional stage as in other countries. Money laundering crimes developed along with other crimes when China began to carry out the policy of reforming and opening up to the outside world. Money laundering crimes become increasingly rampant. In addition, money laundering committed in China is of native characteristics, a little different from that committed in other countries. It is imperative to deepen efforts to combat money laundering crimes and perfect the legislation against money laundering.The paper is divided into three parts, demonstrating the status, weaknesses and development of the legislation against money laundering crimes.In the first part, the author makes an objective analysis of the status of the legislation against money laundering crimes in China. Due to different legislative tradition and practice, countries differ in how to define money laundering crimes. Firstly, money laundering crimes are defined from different points of view. For example, some focus on the relationship between the...