On The Crime Of Money - Laundering

Since mid-20th century, the crime of money laundering has gradually become a major social ill in the world and is a common problem has to be faced by all human being. There exist all kinds of organized money laundering criminal activities in almost every country, though in various extent. In order to disguise the ill-earned money as legal income, the criminals usually bribe government officers and bank clerks, which may lead to corruption and unhealthy social atmosphere. Even worse, the crime of money laundering is always complicatedly operated in finance field, which might result in financial crisis and trust crisis, even the threat of national security. So it is of great significance to fight against and prevent the crime of money laundering.In our country, with the fast development of economy, especially after the open-door policy, money-laundering crime has been in the trend of increasing. Though in March 14th, 1997, the revised "Criminal Law of the People's Republic of China" has clearly legislated the crime of money laundering, for many people, money laundering is still a novel alternative, the anti-money laundering law is still primitive, and people are still lack of understanding and research on it. In this article, starting from the analysis of money laundering concept, characteristic and criminal composition, as well as the cognizance of money laundering crime, the author is attempting to give some suggestions of the legislation and completion of judicatory on anti-money-laundering, after comparing the legislation of different countries and studying the practice of money-laundering-crime in China.