A Study On The Crime Of Money Laundering

The crime of money laundering, which has been in existence for half a century, is now growing increasingly serious, threatening to become a malignant tumor spreading across the globe. Consequently, this crime has become the focal issue in the area of the international criminal judicature, arousing considerable concern from the international community. This is manifested in the rapid changes in the norms of international criminal law regarding money laundering. The present paper, based on extensive reference to a large amount of legal documents , particularly the revised"Criminal Law of the People's Republic of China"and some relevant international conventions and foreign legislation, adopts an approach of contrastive analysis which treats of money laundering in terms of its origin, definition and process through a discussion of China's present law against money laundering and some key conceptual constituents, especially through a comparison with"The United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances".In conclusion, the paper points out the inadequacies of China's legislation and offers the author's theoretical proof and conception regarding the perfection of China's legislation on the crime of money laundering. The paper falls into seven parts with over 50,000 words.Partâ… . The Evolution of Money Laundering and Its Basic PropertiesThis part is devoted to a discussion of the origin, evolution and concept of money laundering and a theoretical exposition of the three main stages that money laundering must go through. It finally sums up the basic properties of this crime and the concepts to which the author agrees.Partâ…¡. A Survey of the International and National Legislation on Money Laundering .This part begins with an elaboration of the present situation and tendency of international money laundering. It then deals with the development and main content of...