Research On Anti-money Laundering Of China's Financial Institution

The ciminal activities of money laundering is the internatioal focus question.With the world economy's maxing togather,some crimes,such as drugs crime,the underwold orgnazational crime,terror activity crime,smuggle crimes, embezzling and bribling crime,destroying the financial manegement order crime, financial defrauding crime grow rapaidly,money laundering activities rampant day and day,the range they are connect with is very wide.One idea in many people' mind is that money laundering crimles are mainly in bigger cities,but the satuation now is that money laundering crimles are not fresh in the basic areas.So we must grasp the whole aspect,pay attentions on the anti-money laundering work of the basic areas,do the anti-money laundering work steadly and totally.The article stands on the status of the demastic anti-money laundering work, through the analys of the laws building,the building about financial institution executive organs,financial institution anti-money laundering vocational work,the power status of the basic department responsible for the anti-money laundering,we can know that there are still many questions in some sides,though we have do some work in the area of anti-money laundering work,such as the lack of the information sharing and the horizontal union Working mechanism between the basic financial institutions, the Limits of the basic financial institutions' power and working mechanism,the lack of anti-money laundering talents in the basic financial institutions,the lack of effective encouraging rules and weakness of existing punishing measures,the lack of the financial institutions' deep understanding to customers,and the confusion of the credit accounts management.These questions effected the anti-money laundering work,especily,the basic areas'work had little results.But,there are some good methods to deal with the money laundering crimes,such as the the anti-money laundering attache,transaction reports analysis center,knowing your customers.These rules and working mechanisms have received many good results.So the writer finds sevral methods to the anti-money laundering work,according to the questions that exsit in the work and writer's experience.First,we should build the Anti-money Laundering Attache Rules,and improve the anti-money laundering Staffs'Levels.Build a team of anti-money laundering from the top to the bottom,and intrust them independent investigation rights,and they must not be leaded by the same class govement and PBC,they are only responsible for their higher authorities.Second,We should Strengthen the powers of the basic financial institutions and working mechanism.One side,we should strengthen the PBC's anti-money laundering functions,the other side,we should build the effective cooperation mechanism,dispose the functions of the anti-money laundering during financial institutions,the relative government departments,and other relative organs,so we can building the regional financial institutions cooperation meeting system.Third,build the sharing technology and information system.China anti-money laundering monitoring & analysis systerm is not connected with the basic PBC.Just the lack of system makes the basic PBC not give free rein to its funcion of the advance guards,so we must make up the hole.Forth,Introduce the effective encouraging rules into anti-money laundering fields,and punishing the financialinstitutions'malfeasance during the work of anti-money laundering.Every level PBC should activitily build the rule that punishment is the main side,reward is the supplement,and make the banks perform their duty of anti-money laundering.And all financial institutions should build the internal anti- money laundering mechanism which can make their branchs lay emphasis on the work.On the same time,financial institutions should build the internal anti-money laundering management rules which can encourage staffs to work hard.Fivth,strengthen the management of credit accounts.We must demand all materials about opening accounts,and obey the rule "knowing your customers",and we must change the status that one man or one enterprise can open several accounts.Sixth,avoid the upper reaches crimes of the money laundering.It is better to prevent disease than cure disease when it happens.If we want to do the anti-money laundering work well,we must control its upper reaches crime.Through this way,we can avoid the money laundering crime happening.