Research Of The Legal Issues And Countermeasures For Anti-money Laundering International Cooperation In China

In recent years, with the emergence of new financial instruments, the crime of money laundering is becoming more rampant which threatens to world security and economic development seriously. Therefore, it becomes the consensus of the international community to fight against money laundering and strengthen the cooperation of the international community. A large number of countries around the world and relevant international organizations are taking measures to combat money laundering. China, as the largest developing country, has long been the danger of money laundering. For China, how to make use of international advanced cooperation experience to work for our country's anti-money-laundering service is the theme of this article.The Main text is divided into three parts in this paper: the first part expounds the anti-money laundering law and mechanism of international cooperation, from three different perspective, the United Nations, the financial action task force, and other international organizations, and analyzes the efforts of the international community in the anti-money laundering law and the international cooperation mechanism. In the second part, we turn the sight into our country. Firstly, the necessity of international cooperation and achievements on the anti-money laundering in our country are introduced. Then the deficiency existing in international cooperation of anti-money laundering in China is discussed from three aspects:on legislation, such as incomplete legislation system and absence of non-financial institutions legislation problems; on justice, such as not enough judicial assistance and extradition; on law enforcement, facing intelligence miscommunication, poor coordination and not enough supervision of financial institutions at home and abroad. In the third part, countermeasures are shown in accordance with problems existing in the international cooperation in anti-money laundering:in terms of legislation, we must further improve the anti-money laundering legislation of our country and strengthen anti-money laundering guidelines for non-financial institutions; in terms of justice, we should strengthen the exchanges and cooperation with other countries, accelerate the pace of judicial assistance and strive for a more extradition treaty; in terms of law enforcement, we should establish and improve the anti-money laundering information sharing mechanism and organization coordination mechanism at home and abroad, and step up efforts in supervising the financial institutions.The purpose of this paper is to discuss from the legal mechanism of anti-money laundering international cooperation, combining with China's anti-money laundering practices and existing problems, based on using the experience of anti-money laundering international cooperation, and put forward our anti-money laundering measures in international cooperation.