On Construction Of Money-laundering Scheme In Financial Circles Of China

The practice of money laundering in many countries and the international society proves that the current financial system has become the main channel of money laundering . In fact, being the essential element, financial institutions are playing a very important role in the three-step process of placement, layering and integration in money laundering crimes. At present, money laundering crimes are doing great harm to the state finance, the government images, the economic security and the social justice . As a result of deficiencies caused by the non-established money-laundering system in the prevailing money-laundering scheme of the financial circle of China, it is necessary to establish and improve the money-laundering system in the financial circle by drawing on the successful experience of developed countries like the U.S. and Italy etc. Therefore, the following measures should be taken: accelerating the legal construction of money laundering, strengthening financial supervision, improving the basic financial work concerning money laundering, quickening the financial reform by regulating the non-governmental financing, forming a social-wide money-laundering system connected to the scheme of money-laundering in financial institutes and reinforcing the international cooperation in combating money laundering crimes .