Chinese Anti-money Laundering Regulatory Mechanism

As a main developing country in the world, China is facing severe challenging from money laundering now since the fast development in financial market and its opening up. It is fundamental to guard against the crime of anti-money laundering for China to establish a scientific and effective supervision mechanism of anti-money laundering.At present, the supervision mechanism of anti-money laundering in China is on the historical and strategic period from the initial stage of learning, researching, creating and adjusting to the mature stage of integrated development. In this paper, the first chapter introduces the definition, process, characteristics and harms of money laundering. The second chapter analyses the background of anti-money laundering and the present situation of Chinese anti-money laundering mechanism as well. The third chapter takes a deep research and study on problems both inside and outside aspects in supervision mechanism of anti-money laundering. The characteristics and superiority in supervision mechanism of anti-money laundering in some west developed countries and typical transitional countries are carefully studied in the fourth chapter for getting a helpful thought on Chinese own supervision mechanism. In the last chapter, the focus is put on the solutions to the problem and establishment of anti-money laundering regime for China.