Anti-money Laundering Regulations Comparative Analysis Between The Chinese And Colombian Regulations

In a very general way, Money Laundering is considered to be an independent crimeitself which belongs to the organized crimes classification, since it requires an organizedstructure to be executed; It is recognized for having two main purposes or goals: Thefirst goal is to manage the earnings produced by a previous crime–also known as theprior crime or predicate offence; the second goal is to assure those illegal proceeds,understood as the “laundering” of those ilegally obtained assets to turn them and makethem appear as the result form a legal activity; even though their real origin are priorcrimes.The Money Laundering crime is shown as a part of a bigger problem, as it is theorganized crime on its levels of execution and re-execution of future crimes. That iswhy this is an important topic, since the way we deal and prevent it are the means todisrupt the resources of huge criminal mafias and other illegal organizations which areessentially created to make profits by braking the law. Specially to fight against terroristgroups, which find in this crime the perfect source for financing their criminal activities.Therefore, the main goal of this research is precisely pointing to analyse two differentlegal systems, the Colombian and the Chinese legislations, regarding to the control andfight against Money Laundering activities and its profits, as a way to prosecute thiscrime, and as a prevention mechanism.It also remarks the importance of a State policy addressed to avoid the main causesof this crime, by comparing two different systems, establishing a project of socialdevelopment to the future, to improve the social and economic standards in the twocountries, and to share some information about this reality which concerns to ourcurrent generations.