Theory Of Money Laundering And Practice Of Auti-Money Laundering In China

The money-laundering becomes the third major business inferior to the foreign exchange and petroleum as " dark industry ". With the development of economic globalization, the financial problems related to criminal activity become more and more complicated as the science and technology change day by day, as well as the globalization of the financial services. New developing market is a good place for money laundering as it open its economic and financial field. In addition that the legal measures of anti-money laundering in developed countries are more perfect, the money-laundering activities shift to developing countries constantly. In our country, Chinese police has investigated more than 70 crime clues of the money-laundering for foreign police in the past two years, involving 17 countries and regions. About 200 billion yuan which is black money goes out through the underground native bank every year, equivalent to 2% of gross domestic product. Practice has accumulated through decades of anti-money laundering in developed countries, that is, supervision department and commercial institutions own a comparatively perfect organization system and abundant practical experience in the money-laundering. By reference to the experience abroad, China should strengthen on anti-money-laundering according to its domestic money-laundering situation and feature. The thesis begins with the definition that lots of international organizations and nations give to money laundering; and then analyze the reasons that give rise to money laundering with the theory of financial secret, supposing that the existence of money laundering is certain; it expounds furthermore the concrete reasons which give rise to money laundering, various methods, processes of money laundering, revealing the main stage of it in which black money turns legal; it concludes the features of money laundering overseas and at home; it discusses the dangers and necessities of anti-money-laundering ;it points out the difficulties and defects in anti-money-laundering in our country comparing our law system, organizations with those of other developed countries; it suggest at last that we should enhance our ideas, perfect our legal system and supervision system, and strengthen anti-money-laundering cooperation among countries.