Design And Implementation Of The Anti-money Laundering System In Anhua Agricultural Insurance Company

The Anti-Money Laundering System is an important component of businesssystem of Anhua Agricultural Insurance Company,this systme is based on theregulation of the People’s bank of china,and also satisfied with the implementingmethod about Insurance which published by China Insurance RegulatoryCommission.The sysytem can extract the large-amout and suspicious data thatdemand by People’s bank of china and generate regular reported message to sendpackets for reporting to People’s bank of china;in addition, it also provide thenon-spot supervision form and custumer identification form.According to exactly dataextraction and orgnazation,the system help the insurance company in area ofimprovement of the report and sending task of Anti-Money Laundering data,and asloin area of intenal supervision,it can assisst the checking of data to the agancies likeChina Insurance Regulatory Commission.The system includes:1.Data extraction.Acording to the large-amouttrade,suspicious trade stardard defined by the People’s bank of china with the datastorage rules of Anhua Agricultural Insurance Company business system the data canbe extracted.2.Reported message trasformation.According to the interface regulationprovide by the Chinese Anti-Money Laundering Monitoring and AnalysisCenter,orgnaze the data,and converse its format.3.Management of systemauthority.Controlling the aurthorization of menu,employee,agency,task,and position.Due to the data extraction,and acording to the business feature of AnhuaAgricultural Insurance Company,the data extration is arranged during low incidenceperiod,that is,extract the data of the day before during night,to ensure that thebusiness of Anhua Agricultural Insurance Company can be done normally during theday time.The data extraction is carried on non-artificially,it will be done through thesystme timing task at specified time.The condition of data extraction,can be supervised by loading the extraction log,if the extraction is failed or suspicious,thetask can be done manually.Anti-Money Laundering business man can examin,modify,redeposit, and soon.The unextracted special data,can be added by the business man manually,after thefull examination,the reported message can be generated.This paper emphasis on theextracation,orgnazation,reported message generation of the Anti-Money Launderingreporting and sending data.It includes customer informatin,large-amount andsuspicious information record.large-amount and suspicious informationsearching.Unifiedly management and related data form generation of reportedmessage.It is worthy to further analysis about how to realize the reporting and sendingprocedure in actual working situation through system.According the data reportingand sending requirement of the People’s bank of china,extracting and collectingcompletely and objectively the data which satisfied specific conditions. Classified andpacked customer information.it improves the efficency and accuracy of Anti-MoneyLaundering reporting and sending of the insurance company.And with multi-levellimits of authority,realize the risk control of insurance company.This system is design for domestic insruance companies aim at the regulations bywhom the People’s bank of china and China Insurance Regulatory Commissionpublished.It can fit perfectly with the basic data of insurance company’s business byextracting and integrating the existing data.It also realise the Anti-Money Launderingreporting and sending procedure perfectly,effectively improves the efficency ofAnti-Money Laundering department of insurance company.at the same time enhancedthe risk control of insurance company.this system put the work to deal withcomputer,instead of human labor.It’s a very big step forward for the insurancecompany’s information construction.