The Anti-Money Laundering Mechanism Research Of Chinese Financial Institution

With the development of the global economic integration, money laundering through financial organizations becomes rampant. It is a problem of global concern to construct and improve the Financial Mechanism of Anti-money Laundering. The Financial Mechanism of Anti-money Laundering has great significance in safeguarding the healthy financial system, ensuring the growth of economy and increasing the welfare of the whole society .The developed countries grant great importance to The Financial Mechanism of Anti-money Laundering. Although their institutional co-ordination and financial transaction reporting system are differ, they make a best choice of Anti-money Laundering Mechanism because they take account on their domestic financial markets and financial supervision mode. To some extent, they are good examples and make good advices to China.The China 2003 " Rules of Anti-money Laundering By Financial Institutions" breaks important new ground. However, there are lots of obstacle in Chinese current Financial Mechanism of Anti-money Laundering, which decreases the effectiveness of China's efforts. The paper gives priority to the Anti-Money Laundering mechanism and points out the mechanism is the key to the efficiency and quality of Anti-Money Laundering. In the research the paper adopts chart and date to introduce the duty and obligation of the financial institution in face of Anti-Money Laundering. The paper details on the definitions of money laundering and Anti-Money Laundering and discussed the relationship between Anti-Money Laundering and the financial economics. The circs of Anti-Money Laundering is analyzed and the function of financial institution is revealed. At the same time, the paper introduces the advanced experiences and discusses the mechanism to improve the work efficiency of Anti-Money Laundering in our country.