China's Anti-money-laundering Mechanism Of Insurance

Money-laundering of insurance is such behavior that based on commercial insurance, utilizing channel of insurance market and insurance intermediary market, by virtue of insurance, claim, alteration, cancellation of insurance or such ways to extenuate and conceal the sources or properties of illegal income and its benefit, in order to avoid suffering from native legal sanctions. Recently, amount of money laundering of insurance in China is increasing, and the methods are getting hidden, which severely impacts national economic and financial order, undermines social image of insurance company. Consequently, it is getting to be an important subject to research on how to perfect mechanism on anti-money-laundering of insurance in China, to improve effect of anti-money-laundering of insurance.The thesis is mainly based on cost-benefit analysis method in economics to carry out research on money-laundering of insurance in China.Firstly, this thesis begins with the concept of money-laundering of insurance, analyzing damage of money-laundering and its origin, enumerating the main modes and means of money-laundering of insurance. Model of cost and profit on money-laundering of insurance is established to analyze behavior choice of each participation subject.Then, investigation of reality is done on mechanism of anti-money-laundering of insurance in China, emphasizing on legal system, information mechanism, motivation mechanism, coordination mechanism and international cooperation to anatomize vulnerability of anti-money-laundering of insurance in China.Subsequently, comparative analysis method is adopted to illuminate achievement and mechanism character in western developed countries, and success experience is summarized for China to make use of.Finally, this thesis puts forward suggestions on improving mechanism of anti-money-laundering of insurance in China. It is pointed out that, it's necessary to take six steps below to establish such mechanism suitable for our conditions: first, construct law system of anti-money-laundering of insurance; second, developing management of regulation violation; third, perfect internal control system and coordination mechanism; forth, establish motivation mechanism of anti-money-laundering for insurance company; fifth, improve monitoring level of anti-money-laundering of insurance; sixth, strengthen international cooperation.