The People's Bank of China Anti-Money Laundering Problems and Suggestions

Since the Anti-Money Laundering Law came into force on January 1, 2007, it has gone through more than six years. Under the leadership of the People's Bank of China, China's anti-money laundering work has made many impressive achievements, at the same time, but also from the side of the number of money laundering behavior in China. How to effectively deal with the serious situation of anti-money laundering work of grass-roots banks, to a certain extent, directly determines China's fight against economic crime, maintaining the stability of the financial order of the overall situation. First, the ideological understanding and attention (a) the problem - anti-money laundering awareness is weak, not enough attention

From the perspective of grass-roots banks, there is a misunderstanding of anti-money laundering work. On the one hand, although China's "Anti-Money Laundering Law" clearly stipulates the duties of China's financial institutions anti-money laundering work, but the current part of the grass-roots banks are still clinging to the anti-money laundering is the people's bank

Banks full-time work of the traditional concept that money laundering will only take place in the eastern coast of the economically developed areas and some of the larger provincial capitals and cities, and in the central and western economically underdeveloped regions and remote mountainous areas is not going to happen;. On the other hand, that the grass-roots banks focus on deposit-taking rather than inquiring about the legitimacy of the source of the money, because this not only increases the bank's operating costs, but also results in the loss of a large number of customers, the situation of deposit outflow.

From the point of view of bank employees, there is little enthusiasm and initiative in anti-money laundering work. In their daily work, the lack of professional sensitivity and vigilance in anti-money laundering work is manifested in the fact that they only pay attention to the identity review at the account opening stage, but neglect the later addition and verification of customer information and investigation of transaction funds.