Legal Challenges And Countermeasures Of Anti Money Laundering In The Context Of Hainan Free Trade Zone

China started the construction and development of the free trade zone in 2013,and will assign Hainan a heavy responsibility in 2018.It will not only set Hainan as a free trade zone,but also plan and build a free trade port in Hainan.The construction of free trade is a double-edged sword.For Hainan,in addition to bringing opportunities for foreign economic development,the free and convenient business environment smashed by free trade construction also contains huge money laundering risks.Hainan’s planned free trade construction provides convenient and preferential policies in customs supervision,establishment and withdrawal of commercial entities,market access,trade in goods,financial transactions,etc.These convenient policies are likely to be used for money laundering activities,and Hainan will face more situations that are different from those in other common areas in China,such as the participation of foreign commercial entities,the flow of funds within and outside the region,and the transnational commercial and trade activities.China’s existing criminal legal system,anti-money laundering supervision system,transnational anti-money laundering cooperation system,internal control system,etc.are not enough to cope with changes in the risk of money laundering crimes that have not come from trade zones and free trade ports.Therefore,this article will analyze the challenges of anti-money laundering facing Hainan and analyze the existing problems and reasons from the legal system level.Based on the experience of foreign countries,it will theoretically analyze the countermeasures that China can take.