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Research On Anti-money Laundering Financial Regulator

Posted on:2009-08-16Degree:MasterType:Thesis
Country:ChinaCandidate:M H LiFull Text:PDF
GTID:2166360242990985Subject:Economic Law
Abstract/Summary:PDF Full Text Request
As economic globalization is gathering momentum, money launderings have become increasingly rampant. This destories nation's credit base and threats international financial safety. So anti-money laundering is necessary and important. Because money laundering use the convenience of financial institution, the principal form of money laundering make the most use of financial institutions, most countries guard against money laundering through financial institutions. And many countries create efficient financial laws in order to supervise financial institutions. The financial regulator is the most important in anti-money laundering. The financial regulator directs financial institutions'anti-money laundering. It can avoid institution's repettition, save social costs, improve custodial efficiency. Chosing suitable anti-money laundering financial regulatory mode can provide good environment for financial regulation. It is very important for the achievement of anti-money laundering regulation's purpose. Anti-money laundering financial regulatory modes include unified regulatory mode and segregated regulatory mode. They have advantages and disadvantages. Our anti-money laundering financial regulatory mode is segregated regulatory mode. Our anti-money laundering financial regulator is the People's Bank of China. The China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission perform their anti-money laundering financial regulatory duties within their range. In analyse of social and economic objective environment, our anti-money laundering financial regulatory mode has more disadvantages. Through analyseing the feasibility of theory and legislation, we should choose anti-money laundering financial unified regulatory mode. We should set up special financial regulator which is in charge of financial regulatory and anti-money laundering financial regulatory. Enhancing the coordination between anti-money laundering financial regulator and other financial regulators can improve the whole level of anti-money laundering regulatory. Encouraging and enhancing financial institution custodied by theirself can enlarge regulatory transparence and increase anti-money laundering financial regulatory efficiency.
Keywords/Search Tags:anti-money laundering, supervision, regulatory authority, regulatory mode
PDF Full Text Request
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