Anti-money Laundering Difficulties And Countermeasures,

This paper attempts to study the difficulty and countermeasure of money laundering in theory and concrete evidence. From the international scope and the practice of different countries in the world, the modern financial system has become the main channel of money laundering. The international society always regards the financial organizations especially the banks as the focal point for anti-money laundering.In the country where finance highly developed, most capital transfer of the economy is conducted in the payment and settlement system. Any financial product or service has the possibility to be used by the criminal. In our country, finance hasn't developed to that high level, and people are used to consuming and trading with cash. The folk borrowing activity is common and much small cash trading exists, which makes attacking money laundering just by finance system impossible.Therefore, according to the reality of our country, the first part of the paper (including chapter 1, 2 and 3) reviews the present conditions of anti-money laundering from international and domestic angles at the beginning; then analyzes the necessity and urgency of anti-money laundering; at last stresses on studying the typical money laundering channel-financial system and underground private bank. By analyzing of the money laundering through the bank system, the insurance field, and the securities market, it shows the common trick of money laundering through financial organizations and the importance of forcing financial organizations to perform the duty of anti-money laundering. At last, it analyzes the most representative fund-operating pattern in the light of underground private bank.The second part of the paper (including chapter 4 and 5) stresses on analyzing each component of anti-money laundering system, and what kind of difficulty they have met in the practice of anti-money laundering.