Analyze On The Issue Of Anti-money Laundering In Grass-root Financial Industry

With the development of economy and finance, money laundering becomes a momentous issue that the society faces. It may waver the social credit, threat financial security, and impact the economic and social benefits of financial institutions, what's worse, it may harm the healthy development of economy and destroy the social stability. So it is imminent to branch out anti-money laundering.Most ways of money laundering take place through financial institutions, which is the key place of the crime. Thus financial institutions, especially the grass-root ones, face a rigorous position on the issue. According to this essay, the grass-root financial system including the grass-root working institutions and the supervising organs of anti-money laundering.With the promulgation of an anti-money laundering law, many primary achievements have been acquired in the work of anti-money laundering in policy, organization, and cooperation with international society and internal control system. However, due to the late to be underway, it's still a new task especially to the grass-root financial institutions and the supervision organs. Therefore, there are so many weaknesses in the area of legal construct, fund and financial supervising, technology measures, consciousness training, concerted system construct, international cooperation, and so on.Built on the theories of cost-profit analysis, game analysis, financial supervision etc, this article analyses those weak points above. Beside of that, it analyze difficulties and reasons of KYC, analyzing abilities on doubtful business, electronic control that the grass-root financial institutions faces, as well as improving organization, supervising abilities of the employees and net system dispersion that the supervision organs face. This essay points out the weaknesses of anti-money laundering and the importance of anti-money laundering supervision through facts and the related suggestions on how to improve the customers ID distinguish, cash management regulation, internal control system of financial institutions and establishment of laws and regulations.