Study On The Laws And Regulations Of Money Laundering Crime In China

Nowadays money laundering is one of the problems, which has drawn attention of international community. Since the middle of the twentieth century, money-laundering activities have grown rapidly and hindered national economic developments, financial orders, social stabilities as well as international economic developments. Anti-money laundering has become an urgent and important task for all the countries, and has also called attention of international societies. International organizations in regard to this subject as well as developed countries have set up and improved the relevant measures to prevent and prohibit money-laundering activities by summarizing years' experiences. Those measures have given us inspiration for the anti-money-laundering in China. China has primarily established its legal system of anti-money laundering by participating in international law system, adding money laundering crime in Criminal Law, publishing Anti-Money Laundering Law and relevant laws, regulations and departmental rules in financial fields. But this system still has many shortcomings because of lack of practices. This dissertation analyses the status and the main problems of the legal system of anti-money laundering in China and put forwards some suggestions to improve this system based on the character and development of money laundering in China, these suggestions include to revise and improve the criminal penalty of money-laundering legislation, and to establish and perfect China's anti-money-laundering precautionary laws system. This dissertation also points out the main two ways to anti-money-laundering nowadays; one way is to intensify efforts to punish criminal justice, and the other is to strengthen international cooperation and communication on the subject of anti-money laundering.