Laundering Crime Study

With the globalisation of the world economy and finance,there is an increase of organised crime, drug crim and corruption, which leads to the increase of money-laundering crime. As a crime involving international elements, money-laundering crime is a new type of crime deriving from its upstream crimes, which has arisen wide consideration of legislators and scholars of many countries. China is Party to a number of international treaties on money-laundering crime. To perform its treaty obligation, China enacted money-laundering crime in its 1997 Criminal Law, and expanded the upstream crimes in the Third and Sixth Amendment of the Criminal Law. In spite of that, due to inaadequate legislation and legal research, the existing legal regime is not sufficient to prevent and punish crimes of such; it is also difficult of identify crimes of such in practice.This paper is therefore divided into five chapters. Starting from the definition and origin, this paper will firstly provide a brief introduction of the money-laundering crime and illustrate its great harm.The second chapter focus on the definition of the money-laundering crime. In this chapter, different definition of scholars will be introduced and analysis of those views and comparision with relevant crimes will also be provided.Chapter Three will focus on the controversary issues concerning elements of the money-laundering crime, including subject, object, subjective elements and objective elements of the crime, and make a conclusion. This chapter will provide a basis for further analyse and modify China's legal regime of anti-money-laundering crime. Chapter Four will cover some issues on identification of money-laundering crime,such as cognition error and quantities of the crime, which will hopefully provide an overall and correct understanding of the crime. The last chapter will discuss the insufficiency of China's national legislation and, with consideration of international practice, bring out relevant suggestions.