Case Study On Z Insurance Company's Internal Control Of Anti-money Laundering

From the beginning of 21 st century,most countries of world start or speed up the pace of financing market construction,however,Money laundering also become more serious,using financing institutions as their media to commit this illegal activity,which impacts not only the financing institutions but also the orders of financing market,economy and political environment.Particularly,insurance companies is a most common category in those financing institutions due to their special properties.In China,insurance industry has just began,lacking of standardization in many ways,there is a stringent necessity that scientific and effective internal control be established within insurance companies.And that has been a obligation of insurance companies required by Anti-Money Laundering Law,regulations of anti money laundering in Financial institutions and other relevant laws.This paper is based on case study method,selecting Z Insurance Company which possesses a large market share as the study case.This paper will study its anti money laundering internal control system in the pattern of classic theories and supervising requirements,aiming at providing reasonable suggestions to improve Z company's anti money laundering internal control.This paper is comprised of three main part,namely the exordium,main body and conclusion.The first chapter is the exordium,giving brief introductions to the background and relevant dissertations,the main body contains from chapter 2 to chapter 4,chapter 2 introduces the internal control theory,the definition of money laundering and anti-money laundering,and the international and domestic anti-money laundering prevention system.Based on this,the key points of anti-money laundering internal control system are put forward.Then combining the key points with internal control elements,put forward the basic framework for internal control of anti money laundering.Chapter 3 introduces the basic situation of the anti-money laundering control system of Z,and analyzes its advantages and disadvantages,Chapter 4 gives suggestions based on the problems found;Chapter 5 is for the conclusion.