| Although digital finance is an emerging thing in China,in recent years,its development speed is very amazing,especially after the launch of new Internet payment methods such as Alipay in 2013,the rapid development of big data,blockchain,cloud computing,artificial intelligence and other financial technologies has once again promoted the digital transformation of Internet finance.Currently,digital finance has become the focus of competition in various industries in China,and major companies have launched digital financial products or provided digital financial services to seize market share and increase their profits.However,digital finance is a double-edged sword,and while we focus on its advantages,we cannot ignore the hidden money laundering risks behind it.In this paper,we first summarize the definition of digital finance and money laundering,the influencing factors of money laundering and the various views of digital finance money laundering by domestic and foreign experts and scholars,and then introduce the development status of digital finance,as well as the steps of money laundering and the related analysis of digital finance money laundering.Finally,we use financial intermediation theory,platform economy theory,long tail theory and information asymmetry theory as the theoretical basis to explore how digital finance affects the scale of money laundering.In terms of empirical evidence,this paper firstly uses the Walker model,which is currently an internationally used model to measure the scale of money laundering,to measure the scale of money laundering in twenty provinces and cities in China from 2011 to 2020,while distinguishing between the scale of fraud money laundering and the scale of drug money laundering,which mainly generate the scale of money laundering.The subsequent regression analysis of the scale of money laundering in the sample provinces and cities was conducted using a double-fixed model using the Digital Inclusive Finance Index as the core explanatory variable of digital finance,while the regression of the scale of money laundering was also conducted using the sub-dimensions of the degree of coverage.depth of development,and degree of digitalization of the first-level indicators of the Digital Inclusive Finance Index to explore the extent of its influence on the scale of money laundering.It is found that:(1)the development of digital finance has a facilitating effect on the scale of money laundering;(2)the depth of development,the degree of coverage,and the degree of digitization of digital finance have different significance on the scale of money laundering:the depth of digital development has the most significant effect on the increase of the scale of money laundering,followed by the degree of coverage and the degree of digitization;(3)considering the regional differences,this paper also divides the sample into the eastern region and the central and western(3)Considering the regional differences,this paper also divides the sample into the eastern region and the central and western region,and the northeastern region,and conducts the regression analysis respectively.Finally,based on the combination of theoretical and empirical research,the paper proposes corresponding recommendations by dimension and region.Meanwhile,with the globalization of the economy,it is imperative to strengthen international cooperation,and the government should also enhance the anti-money laundering awareness of all people and establish a perfect digital credit system.Make the development of digital finance more healthy and reduce its possibility of being used by criminals. |
