Research On Effectiveness Of Anti-money Laundering Monitoring To Bank A

As the Financial Action Task Force on Money Laundering released the International Standards on Combating Money Laundering and The Financing of Terrorism&Proliferation,anti-money laundering is no longer only belonging to economic,financial or legal category,gradually spread to the political,diplomatic,military and other fields.Some developed countries take advantage of the global combating of money laundering and terrorist financing,as well as the financing of proliferation of weapons of mass destruction as a political tool for the interests of the state,even an important means to implement international sanctions.Anti-money laundering has gradually expanded from the scope of economy and justice to politics,diplomacy,military and other fields that have a significant impact on the country.As China is more and more active and integrated in the world economic and financial system,it has faster flow of fund,active financial transactions and frequent personnel exchanges,and anti-money laundering has become one of important guarantees for China’s participation in the global economy.At home,technological and financial innovation is developing at the top speed,and reform of the business system has the further development.Market subject obtains more space to develop,at the same time,the money laundering crime also becomes more subtle.Money laundering puts more and more influence on social and economic activities,and how to prevent money laundering has become a hot topic of social concern.Commercial banks not only provide a variety of financial services with flexible operation,but also provide preferred channel for money laundering.Commercial banks stand in the front line of anti-money laundering,and also become the core force of anti-money laundering.Bank A is one of small and medium-sized city commercial banks in the southwest of China,which has a small number of cross-border business,therefore it has a small risk of terrorist financing.However,due to the relatively underdeveloped economy in southwest China,residents’ awareness of law is relatively indifferent,and the situation of trading bank accounts is quite serious.According to news reported recently,underground banks,telecommunication fraud,online gambling and other illegal activities buy large amounts of bank accounts from individuals to divert money.So Bank A selected as the research sample of anti-money laundering monitoring is representative.It is also feasible and objective to study the anti-money laundering monitoring of Bank A.This paper consists of six parts: the first part is the introduction of the background,significance,content and methods of this paper,which points out the purpose of this paper.The second part displays and analyzes the situation of anti-money laundering monitoring at home and abroad.This part studies policy environment,economic environment and industry environment of anti-money laundering monitoring.The third part expounds the situation of Bank A and its anti-money laundering monitoring.The fourth part aims to find out the effective factors for screening suspicious customers and analyze the effectiveness of Bank A’s anti-money laundering monitoring,using logistic regression model to conduct research on Bank A.The fifth part finds out the factors affecting the anti-money laundering monitoring of Bank A from all aspects.The last part summarizes the problems and solutions of Bank A’s anti-money laundering monitoring,puts forward the limitations and deficiencies of the paper,and made plans for the future.