A Research Into The Money Laundering And Anti-Money Laundering Institution Of Insurance Industry In China

With the constant deepening of China's reform and opening up policy and the rapid development of economic construction, Money laundering has also become increasingly prominent in domestic financial and insurance area which has prevailed long time in international. Relevant statistics show that china's life insurance surrender was 10% in 2004, and the amount is about 30 billion Yuan, but in 2007, the surrender value the insurance industry nationwide had reached one hundred billion Yuan, Insurance institutions to report large transactions and suspicious transactions is less than 10,000 copies in 2007, but in 2009 the report had more than 30,000 copies, These data show trend of money-laundering and criminal activities of the insurance industry is growing in China, seriously affected the healthy and steady development of China's social and economic.China's insurance industry within the anti-money laundering regulation officially after the People's Bank and with the relevant departments have been enacted or promulgated the "anti-money laundering regulations of financial institutions", "financial institutions report suspicious transactions, large transactions and management approach", "financial institutions to report suspected terrorist financing, transaction management," the "financial institutional customer identification and customer identification data and transaction records retention management, "the Anti-Money Laundering law "and other laws and regulations in 2006, Compared with the banking industry, China's insurance industry to implement anti-money laundering mechanisms later, and no experience can learn, resulting in China's insurance industry is facing more severe anti-money laundering work difficult situation.This paper is mainly through cost-benefit analysis and game analysis, economic analysis, study of China's insurance industry money laundering and anti-money laundering mechanisms and the internal laws of money laundering and money laundering activities, the behavior of economic agents, choice, the results of the analysis proposed perfect the mechanism of China's insurance industry anti-money laundering recommendations.The first chapter outlines some of money laundering. Mainly on the basic concepts of money laundering, behavior, and our basic features of the new money laundering trends and trends. One study focused on the behavior of our money laundering methods and basic features.The Chapter two is the overview section of the insurance money laundering. Upper part of the main concept of money laundering as defined in the insurance and the insurance money laundering methods and means, the lower half of the international financial environment and the domestic insurance industry's own analysis of China's insurance industry, the situation has arisen due to money laundering. Which focused on analysis of the insurance money laundering occurs causing their own reasons.Chapter three is the section of China's insurance industry anti-money laundering status and economic analysis. Upper part of the main analysis of China's current insurance status and anti-money laundering anti-money laundering positive, use the lower half of the multiplier model, game model cost-benefit analysis and were analyzed the number of insurance money laundering, money laundering and money laundering activities in the main face of each of the main benefits and costs of behavior choices.Chapter IV is the proposed section of improving China's insurance industry anti-money laundering mechanisms. According to the above analysis, for the status quo of China's insurance industry anti-money laundering, money laundering and insurance problems arise, and proposes the establishment of a sound anti-money laundering mechanisms of the insurance industry a few suggestions:First, to establish a sound anti-money laundering laws and regulations of the insurance industry system, the insurance industry for anti-money laundering rules to follow; Second, to establish a sound regulatory system and effective rewards and penalties, interest and credibility from the perspective of the insurance sector initiative to promote a strong anti-money laundering efforts, which can effectively curb money laundering activities, the insurance industry; final anti-money laundering needs to pay attention to strengthening international cooperation in the insurance industry, the establishment of information sharing, technology and other mechanisms together.Chapter V is the conclusion section. Summary of the insurance industry has arisen due to money laundering, insurance; money laundering and money laundering activities related to the main reasons for behavior choices and improve the insurance regulatory anti-money laundering recommendations.