Completion Of Anti-Money Laundering Legal System Of Banking Institutions

Since 1980s, with the globalization of finance and innovation of financial products, money laundering activities are spreading rampantly via worldwide financial systems. Anti-money laundering is catching an unprecedented attention of international communities, and has been established as a long-term mission. Anti-money laundering has become the important foundation of international political and economic cooperation, and a"entry"condition of many international organizations absorbing new members. As one of the earliest signatories of " anti-drug convention of the United Nations ", our country made a series of anti-money laundering laws and regulations, established banking industry as the core of anti-money laundering, and set up anti-money laundering obligation of banking institutions . on October 31, 2006, Law of the People's Republic of China on Anti-money Laundering was issued, which is planned to implement since January 1, 2007. Since anti-money laundering is still at the starting stage in China, lack of experience and imperfection of current anti-money laundering laws has caused problems in practice. Based on the working practice of financial employees, the author analyzed current situation of anti-money laundering in our country, probed into the practical problems faced by banking institutions ,and finally put forward corresponding suggestions and countermeasures.This thesis was composed of preface, main content and conclusion.The preface mainly introduced the background and significance of the thesis writing, research objective and purpose, research focus and innovation as well as the main structure.The main content was divided into three parts. Part one concluded that banking institutions are the centre links of money laundering. Firstly, this part introduced the origin and characteristics of money laundering, and different definition statements of money laundering made by international organizations, western developed countries and our country. The author studied the steps and various methods of money laundering subsequently, then analyzed the trend of money laundering, especially...