Study Of China's Financial Industry Anti-money Laundering Problem

Money laundering, as to a lot of ordinary people of China , is still the very unfamiliar word. However, it is fact not debating for a long time that there is large-scale money laundering.The convenient and fast services provided by the bank's payment and settlement systems and the innovating of financial ramification, have made the banking becomes the most important channel of money laundering. The irregular, large sum of capital removal in concert with the money laundering has seriously menaced the stability of the banking system and financial market, leaching the social welfares, and leaving the bane of financial crisis.Since the midterm of 1990s, the law stratum of China has begun to pay more attention of the topic of money laundering, adding stipulations about countermeasures of money laundering into the legislations of crime lawand regulation constituted by the people's bank of China gradually. At present, our country has initially formed a legislation system about money laundering countermeasures, which is based on crime law about money laundering countermeasures, emphasized by the money laundering countermeasure statutes of the financial institute, and being in concert with other statute. In the recent years, money laundering has a tendency of continually swelling. Facing this situation, our government passed the revampment of the "banking law of China", and established "the prescription of financial institute about money laundering countermeasure", "the administer methods about reporting mass and suspicious transactions", "the administer methods about mass and suspicious foreign capital exchange between the financial institute", continually increase the strength of money laundering countermeasures. However, the effect of banking money laundering countermeasure suffers a lot because there isn't any unified and...