Research Of Anti-money Laundering Audit For Certified Public Accountants In China

Since the middle of 20th century, money laundering has been more and more rampant in the world because of the frequent trades in many fields among different countries, and it is a very big harm to a country, a society, or a region. On the one hand, when money-laundering people illegally put very large amount of "black money" into the financial departments of government, it can make troubles to stability and safety of the financial order in this country or region, block the economic development. It also connives and shields the upper-reach criminal activities and the international crimes, breaks the normally economic order. It can injure the reputation of the country in the international society, and so may let the country isolated in internationally judicial corporations. On the other hand, through money laundering, those people can legally use their "black money",and this may make it possible for them to do more crimes, this may also bring different kinds of criminal pollution to the world.Anti money laundering has been more and more brought into the overall strategy by the international organizations, the governments of different countries, and the financial institutions, in order to effectively strike corruption, prevent terrorism, and complete the running system of finances. To effectively prevent and strike the international crimes on money laundering, each country and international society began to actively constitute the relevant law and rules, form the special institutes and organizations, and make the international corporation widely in different layers to punish and control the money laundering. Since our country's reform and opening to the outside world, the judicial cases of money laundering have been increasing, this caused the attention of the government and public. Our government has launched a series of activities to prevent terrorism. The system of anti money laundering has been established gradually in our economic life.In the course of drafting the Law for Anti Money Laundering, the effect of the media-institute in money laundering is frequently referred by many departments, what role will the CPA take and how the CPA will meet the opportunity and challenge. To set up and complete the policy on anti money laundering is an important aspect for dealing with money-laundering crime, for standardizing the economic order, and for optimizing the monitor system of finance. The exciting thing is the Law for Anti Money Laundering of PRC which attracted the attentions of the public widely has been valid since January 2007. It provides the lawful basis for our country to find and monitor the activities on money laundering, to protect the economic safety and society stability, and to participate the international corporation in this field. It is a big milestone in our policy development of anti money laundering.This article opens out the creation and great threat of money laundering and the feasibility of anti money laundering auditing on base of the short introduction of it and talks about my personal viewpoint on the main measures of anti-money laundering auditing and tables a proposal on the improvement of the anti-money laundering auditing work using the international advanced experience of anti-money laundering auditing for reference.