Case Study On Z Securities Company's Anti-money Laundering Internal Control

The rampant crime of money laundering not only stimulated a larger scale of criminal activities,but also seriously disrupted the economic order,threatened social justice and the safety of people's lives and property,and even affected the country's reputation.Therefore,we must attach importance to anti-money laundering work and combat money laundering and criminal activities..Due to its occultity and profitability,the securities industry is easily used by criminals as a tool for money laundering.In addition,China's securities industry anti-money laundering work is carried out late and has insufficient experience.There may be many omissions and deficiencies in anti-money laundering work.China has always attached great importance to the anti-money laundering work of financial institutions and has carried out strict anti-money laundering supervision in the securities industry.In recent years,many brokerages have been issued "penalties" by the central bank,reflecting the country's serious attitude towards anti-money laundering work.In fact,whether it is to meet the requirements of regulatory evasion and punishment,or to improve its internal control to protect its own interests,securities companies should pay full attention to the internal control of anti-money laundering,and take anti-money laundering work as one of their daily tasks.This paper selects the representative securities company of the securities industry to analyze the anti-money laundering system,and introduces in detail the development status of the company's anti-money laundering work,especially the design and application of the company's anti-money laundering internal control.This paper will follow the steps of risk identification,risk assessment,risk response,from anti-money laundering functional department and job responsibilities,anti-money laundering risk assessment,large and suspicious transaction transaction control system,customer identity data and transaction record keeping,anti-money laundering business process control The internal control system of Z Company is introduced in detail in five aspects: procedures,anti-money laundering information and communication,and internal supervision of anti-money laundering.After research,it is found that the internal control of Z Securities' anti-money laundering has the following advantages: the establishment of an internal control system in cooperation with supervision,and the anti-money laundering group covers the reporting channels of various departments and large suspicious transactions.However,at the same time,the company also found that the company's anti-money laundering internal control system also has shortcomings,namely: the imperfect setting of large-value trading screening conditions,the incomplete and clear anti-money laundering process,and the lack of follow-up treatment of anti-money laundering work.In order to improve the above-mentioned deficiencies,Z Securities should improve the setting of screening conditions for large-value transactions,improve the anti-money laundering process,and enhance the follow-up of anti-money laundering work to improve the anti-money laundering internal control system and combat money laundering criminal activities.This paper mainly uses literature analysis method,case analysis method and field research method to study the case,and analyzes and demonstrates from a microscopic perspective.In the future,we will conduct an in-depth study on anti-money laundering in the securities industry from a more macro perspective..It is hoped that this paper can make a certain contribution to the establishment of a sound anti-money laundering internal control system and combating money laundering criminal activities on the basis of solving the internal control problems of Z Securities' anti-money laundering.