An Analysis of the Difficulties and Countermeasures for Commercial Banks Anti-Money Laundering


  •  Yu Zhai    
  •  Xiaoshu Zhu    

Abstract

The anti-money laundering has started a fast development in China recently. Laws and regulations tend to be more perfect. The supervision is more comprehensive. And the international cooperation is stronger. However, it still faces many problems. For example, among all checks by The People’s Bank of China, commercial banks often report their operations wrongly, causing information redundancy and serious missing. And even the information is useless. Reasons concern many aspects. Commercial banks do not pay attention to the anti-money laundering. The methods used for anti-money laundering are simple. Employees are not professional and lack of responsibility. Therefore, this paper, by analyzing the anti-money laundering mode, concludes that the key, also the difficulty, is to identify the dubious operation. Finally, this paper advances several suggestions for anti-money laundering.


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