Study On The Supervision Strategy Of Anti Money Laundering China Insurance

Currently, money laundering has become very common, serious impact on the stability of the world economic development and financial order. How to further the fight against money laundering has become a hot issue for international cooperation. The insurance industry as an important part of the financial sector, with the rapid increase in its business development and insurance institutions, money laundering organization to use the inherent characteristics of the insurance industry, so that money laundering has become more subtle and convenient. Since the1978reform and opening up, especially after the2001accession to the WTO, the Chinese government liberalized the financial aspects of the insurance industry first, the insurance industry to participate in the process of global competition, and gained rapid development of China’s rapidly growing insurance agency, premium volume increased year by year2013premium income of1.72trillion yuan, ranking fourth in the global premium volume, an increase of11.2%. The total assets of insurance companies8.3trillion yuan, an increase of12.7%; net assets847.5billion yuan, an increase of7%. With the rapid development of China’s insurance industry, insurance companies are not perfect internal management, money laundering criminals found defective management of insurance institutions, which can be used for money laundering. In recent years, the amount of money launderers use for money laundering in the insurance industry becomes increasingly large, increasingly subtle means of money laundering, money laundering way to get innovation. Hence, the urgent need for anti-money laundering regulatory approach to the insurance industry and innovative research to combat the new era of the insurance money laundering.Author on the study in the introduction of domestic and international anti-money laundering insurance background were introduced, a deep understanding of the latest situation in favor of the current insurance industry anti-money laundering; describes the research the insurance industry as part of the financial industry, the importance of active participation in anti-money laundering, introduces the ideas and methods of the insurance industry anti-money laundering regulation. First, this paper introduces the origin of money laundering, explaining the definition of different countries and regions of the meaning of money laundering, money laundering illustrates the characteristics show the basic process of money laundering, a list of the dangers of money laundering; through research cited by money launderers China’s insurance industry in the way of money laundering twelve; then introduced the concept of anti-money laundering and characteristics, explained the significance of the anti-money laundering; then introduced a system of domestic and international anti-money laundering laws. Secondly, the basic framework of China’s insurance industry anti-money laundering, and a detailed description of the insurance industry’s anti-money laundering regulatory requirements, covering anti-money laundering obligations of the insurance agencies and insurance current anti-money laundering regulatory conditions; highlights, three core obligations of the insurance industry in anti-money laundering work to be performed, that the identity of the customer identification, for large and suspicious transactions and money laundering by terrorists involved in the report, the customer’s identity information and transaction records saved. Once again, the main problems of China’s insurance industry, such as anti-money laundering regulation of insurance companies currently exist are not enthusiastic about anti-money laundering, insurance companies unreasonable assessment mechanism, inadequate education and training of anti-money laundering, anti-money laundering information system is imperfect, inadequate anti-money laundering regime and inadequate supervision and management of the regulatory authorities and carried out a detailed analysis.Finally, after domestic and international money laundering and anti-money laundering depth theoretical analysis and field research, both from the perspective of the insurance industry in anti-money laundering regulatory authorities and insurance agencies noted the insurance industry to do the work of anti-money laundering recommendations and comments made from the following six aspects of anti-money laundering supervision, is to enhance awareness of China’s insurance industry anti-money laundering, anti-money laundering strengthen the insurance industry research, and improve the insurance industry anti-money laundering information system, establish and improve the insurance system and strengthening anti-money laundering AML Insurance supervision and inspection, the insurance industry to further improve the effectiveness of anti-money laundering, the insurance industry to reduce the incidence of money laundering.