Join CRS And Prevent Cross-border Money Laundering Research On International Cooperation In Crime

Money laundering crimes are increasingly complicated,cross-border and non-financial,and the existing anti-money laundering legal system is facing more and more challenges in preventing and combating money laundering crimes.CRS is essentially a multilateral tax information exchange issue,which is mainly used to combat tax avoidance.Its core is to identify account owners and master hidden financial information,but this feature has made its practical use beyond the scope of tax issues,has become an international cooperation against money laundering and transnational financial crimes tools.CRS conforms to the legislative ideas of preventing and combating money laundering crimes in China’s criminal law and anti-money laundering law,and to some extent makes up for the deficiencies of the existing anti-money laundering legal system.Its functions in preventing and combating money laundering crimes are mainly reflected in three aspects:First,enabling anti-money laundering institutions.Anti-money laundering legal system in China,the people’s bank of China is the competent department of anti-money laundering,financial institutions are the main obligation of anti-money laundering,CRS to strengthen the people’s bank and financial institutions of information collection and analysis ability,master information of customer financial helps to identify and recognize the ultimate beneficiary,this is the basis to prevent and crack down on the crime of money laundering.Second,Lock the subject of money laundering.Different from FATF’s "specific non-financial" classification of non-financial institutions,compliance focuses on "negative non-financial institutions",providing another way of thinking for targeting the subject of money laundering to find criminal clues.Third,it establishes a platform for international cooperation against money laundering.Financial account information exchanged under CRS can be used for purposes of anti-tax evasion,anti-money laundering,anti-terrorist financing and other non-tax purposes,which is conducive to international judicial assistance and cooperation.In the fight against money laundering,the Chinese government has shown strong enforcement and determination to take action.From the perspective of the Chinese government’s strategy of promoting globalization and its strong willingness to actively participate in and dominate international affairs,the signing of the CRS agreement is only a small step for China to participate in and enhance its influenceand control with the help of international organizations.However,this small step also contains a lot of room for imagination.China is playing an increasingly important role in becoming more open and inclusive to the major international cooperation organizations.