Explore The Construction Of Money Laundering Risk Management System With Insurance Company Characteristics

Money laundering has great harm to the economy and society,especially to developing countries and emerging markets.It not only causes direct losses to the social economic order and the personal,but also increases the obstruction and judicial costs to detect its upstream crimes.Institutions that can easily transfer funds and systems that can invest funds without investigation are breeding grounds for money-laundering crimes.With the rapid development of China’s economy,money laundering activities are also emerging in an endless stream,seriously violating the national economy and personal interests.As the international anti-money laundering rules and domestic supervision continue to strengthen the punishment of financial institutions for failing to fulfill their anti-money laundering obligations,adhering to the "risk-based" and taking the high-quality development path has become an important principle for the operation and development of domestic insurance companies,and building a legal and compliant anti-money laundering and anti-terrorist financing and sanctions compliance system is extremely urgent for small and medium-sized insurance companies.In such cases as extremist crimes,drug crimes and transnational telecom fraud,the efficient operation of the anti-money laundering regulatory mechanism system can play a" Cut off the blood" containment role,we will vigorously safeguard financial order and stability and the country’s overall security.The purpose of this paper is to summarize the anti-money laundering system construction scheme and compliance development blueprint applicable to domestic small and medium-sized insurance companies.With the purpose of meeting regulatory management requirements,strict adherence to the bottom line of compliance as the criterion,and the purpose of promoting the high-quality development of insurance companies,effectively prevent and eliminate money laundering risks,and help the healthy development of insurance companies.The author is engaged in anti-money laundering management in a state-owned insurance company.In this paper,based on the actual work experience,domestic anti-money laundering laws and regulations,and taking the supervision of anti-money laundering administrative punishment as the starting point,and will start with the construction of the and casualty insurance company’s anti-money laundering system,the performance of its core obligations,the promotion of the inspection mechanism,the application of the money-laundering risk self-assessment mechanism,the construction of the digital system,and the anti-money laundering publicity and training,etc.Try to integrate the anti-money laundering management requirements into the business development process,minimize the impact on business development,and achieve effective risk control.This paper attempts to build a money laundering risk management system to promote the high-quality development of insurance companies’ business,strive to achieve the three objectives of "risk control,cost reduction and burden reduction",reduce the exposure to money laundering risks,and promote insurance companies to establish a long-term and healthy development model.