A Study On Anti-Money Laundering Of Commercial Bank In China

Commercial bank is the main channel for financing in modern society. Along with the growing international money laundering crimes, global banking industry is facing unprecedented "money laundering" risk. It is indicated that the financial institutions, particularly the commercial banks, are the main channel used by criminals for money laundering criminals, and also the key component in the whole "money laundering chain".According to anti-money laundering experiences from other countries, preventing and supervising money laundering must take commercial bank as the principal part. As the backbone in the financial market, the commercial bank should guard against, control and combat the illicit fund which is originally from corruption or criminal activities. In the huge money-laundering system, commercial bank plays a vital role. The monitoring report and daily control of the commercial bank is the cornerstone for the central bank to carry out anti-money laundering work smoothly. Therefore, commercial bank is not only the basic power in finance industry, but also to the whole anti-money laundering activities.After pointing out the harmful action of money laundering, the importance of anti-money laundering and the momentous position of commercial bank in anti-laundering activities, this paper use modern economics theories, such as game theory and cost-benefit theory, attempt to solve: how to take advantage of economics' theory to research and supervise anti-money laundering. Through building referred theory framework and analyzing commercial bank's anti-money laundering, with the international experiences and reality of our country, this paper finally give the recommendations to commercial bank from the point of view of the theory and practice.The recommendations are explained from macroscopical and microcosmic aspects. It can be generally summarized as follows: Macroscopically, establish the healthy, highly, effective and incentive mechanism, enhance the supply of anti-money laundering, create the favorable international atmosphere for cooperation. Then the anti-money laundering level of the whole banking industry could be advanced. For the Microcosmic aspect, the commercial bank should attach greater importance to the anti-money laundering work, improve the internal control system, and increase the technology and staffs' level for anti-money laundering work to adapt the change of new situations. Only while ameliorate the macro and micro sides, commercial bank could promote the anti-money laundering activities.