Research On Optimizing The Anti Money Laundering Management System Of LS Rural Commercial Bank

Money laundering refers to the act of criminals transferring illegal assets through banks or non bank financial institutions by depositing,exchanging illegal gains into financial instruments,purchasing bonds,investing in funds,etc.,in an attempt to conceal their illegal gains and conceal the nature of their illegal sources,in order to avoid being caught in the process of using illegal funds and falling into the legal net,and to legalize their illegal assets.In recent years,with the changing situation,the concept of "money laundering" has become increasingly widespread,and the use of legitimate funds for illegal purposes is now also recognized as money laundering.After the 9/11 incident,the international community linked money laundering with terrorism and further incorporated counter-terrorism financing into the anti money laundering framework.Anti money laundering is one of the important measures to prevent financial risks and maintain financial stability.It plays an important role in cracking down on financial violations and crimes,which is conducive to promoting social stability and improving the level of social governance.In fact,under the current international and domestic economic and financial environment,anti money laundering has not only been applied to prevent and contain financial crime.In 2017,the central government’s deep restructuring made it clear in the "Opinions on Improving the Supervision System and Mechanism of Anti Money Laundering,Anti Terrorist Financing,and Anti Tax Evasion" that anti money laundering is an important guarantee for promoting the modernization of national governance system and governance capacity,and maintaining economic and social security and stability.Therefore,the banking industry will face a more severe situation when carrying out anti money laundering work.And business outlets are the frontline positions for commercial banks to carry out anti money laundering work.We should strengthen the training of knowledge and technology for frontline anti money laundering personnel,organize and optimize their responsibilities,and standardize their procedures.This paper takes a grass-roots branch of LS Rural Commercial Bank as a case study, combines the value chain theory and incentive mechanism theory of management science,and refers to relevant research at home and abroad to deeply discuss the anti money laundering management of the bank.The results show that the bank has not yet established a perfect institutional framework,clearly defined the authority of each work,and failed to carry out effective anti money laundering training,We have not established a strong set of incentive measures.This article will study the actual business situation of LS Rural Commercial Bank by studying its organizational structure,manager behavior,and employee behavior,and provide some practical solutions,including strengthening internal supervision of the bank,enhancing the business capabilities of all bank employees,and improving the entire bank’s anti money laundering management system.The results of this study will have a certain impact on the anti money laundering control of LS Rural Commercial Bank’s grassroots branches,which will help improve the bank’s operational status and achieve better service for customers.