The Research On Banking Industry Anti-Money Laundering Problems In China

Money laundering is a serious crime in the economic field, and that is intertwined with other criminal activities, poses a danger for the country’s political, economic and social security. In the economic area, banks become the hub of social funds movement and promote economic development, and at the same time, they can easily be exploited to engaged in money laundering and other crime. Domestic and foreign money laundering in case, the vast majority of money laundering is completed through the bank providing payment or other intermediary service, so banks also become high-risk areas of money laundering crime. In this sense, the bank anti-money laundering is of great significance.How to prompt banks to more effectively perform anti-money laundering duties through preventing and monitoring "laundered" into the banking system for cleaning and providing reliable information against money laundering,is the important segment of enhancing current anti-money laundering effectiveness. With the development of the banking anti-money laundering, some dissiculties, problems and system defects are increasingly apparent,and become outstanding obstacles of the banking anti-money laundering. This article points out main problems and causes through making a deep analysis of the present situation of banking industry money laundering in China, meanwhile it also makes a study in depth to some America and Europe and Asian developed country banking industry anti-money laundering to learn their advanced experiences. This paper is trying to find out the effective solutions and suggestions for the current bank anti-money laundering issue in China by studying the successful experiences in advanced countries and a thorough analysis of the situation in China.