A Comparative Analysis Of The Anti-money-laundering Practice And International Experiences

Since the seventies of the 20th century, money-laundering crime, especially money-laundering criminal activities of the financial system and financial instrument, had become a great public hazard that international community faces day by day. This has already aroused great concern from the law enforcement agencies and national financial institutions all over the world. With entering this century, anti-money-laundering become the sign of weighing government's ability and national prestige. Nowadays, anti-money-laundering has already become the common duty that international community faces.But, money-laundering crime is creasing mainly by commercial bank or other financial institutes. If the strength of anti-money is not large enough, the amounts of high risk assets and the fund of criminal is becoming much more and more. So this will form a vicious circle, and affect economic development of the entire country.《Anti-Money Laundering Law》has passed on October 31 of 2006, and implemented on January 1 of 2007. From the anti-money-laundering practices, the law highlights the customer identification system and Large-value and Suspicious Activity Report. I take this opportunity of applying the《Anti-Money Laundering Law》, so I chosen money-laundering and anti-money for this theme to analyze and study the situation of China's anti-money laundering, and the knowledge of money laundering and anti-money laundering systems. This paper provides an in-depth analysis of anti-money-laundering mechanism and mode of operation of our control and the current anti-money-laundering crimes, and it has importance and necessity of researching this problem.The basic idea of writing this article is divided into five major sections, the two main lines of this paper is the "know-your-client system" and "large-value and suspicious activity report", and it runs through the whole paper. This paper focuses on anti-money-laundering practices of domestic and international, especially is KYC system and large-value and suspicious activity report. Besides, it also focuses on the improvement of China's anti-money-laundering practices.For research time is short, reference information is limited, and my knowledge structure is incomplete, so it is inevitable that there are many loopholes and mistakes in my paper, I'm very glad to take every professor's advice.