A Study On The Legal System Of Financial Institutions At Home And Abroad On Anti-money Laundering

Money laundering is the hot issues of common concern in the world.From the middle of the twentieth century,money laundering developed quickly and harmed the economic and financial order and the social stability.Anti-money laundering has become an urgent and important task for all the countries.Aimed to perfect the current legal regulations of China,the dissertation tries to review the theories of anti-money laundering of financial institutions,and learn from the achievements and experiences of the main developed countries and international organizations,taking the special circumstances of China into account.Apart from the preface and the conclusion,the dissertation is divided into three chapters,the main content of which has been discussed by each part listed as followed:Chapter 1 is a general outlook on money laundering of financial institutions.It introduces three steps,including placement stage,layering stage and integration stage,and some ways of money laundering,and the concepts and characteristics of anti-money laundering.Financial institutions are the core of anti-money laundering because it is closely related to the three steps of money laundering.So,it is very important for financial institutions to fight against money laundering.Chapter 2 tries to study the legal system of foreign financial institutions on anti-money laundering.This chapter analyzes the correlative rules of the U.S.and the U.K.,as well as the international institutions,such as the UN,the Basel Committee on Banking Supervision,Wolfsburg Group,and the Financial Action Task Force,from the aspects of knowing your customer's identity,reporting transactions,keeping the transactions records and international cooperation,in the hope of drawing out indications which can contribute to construct the anti-money laundering regime for our financial institutions. Chapter 3 is reviewing the anti-money regime of financial institutions in China.China's achievements of our financial institutions on anti-money laundering are fully shown from knowing your customer's identity,reporting transactions, keeping customer's identity datum and information,survey of anti-money laundering and international cooperation.Then,some problems,which exist in Chinese legal regulations of financial institutions on anti-money laundering,have been pointed out.At the some time,some specific suggestions on perfecting legal regulation of financial institutions on anti-money laundering are recommended in order to promote the construction of Chinese legal system of anti-money laundering,and contribute to the stability and prosperity of financial industry.