Second, multi-link and multi-sector secure transmission is difficult. Report to the people's bank at the same level at the same time, and too many reporting links will easily lead to confidentiality. The verification and evidence collection of business data of various departments is also prone to leaks.
Third, it increases the operating costs of financial institutions. Under the pressure of competition, all financial institutions have flattened their business. The new anti-money laundering work is not only heavy workload, but also difficult, which brings new pressure to the operation of grassroots financial institutions.
Fourth, cooperation and coordination with all sectors of society. In the absence of historical experience to learn from and foreign experience to copy, how to do a good job of division of labor and how to cooperate with each other in work is a difficult problem.
5. Contradiction between anti-money laundering and capital opening. Foreign exchange control is a means to prevent international money laundering. Although dull, the management effect is very good. After China's entry into the World Trade Organization, China's financial openness to the international community is gradually deepening. The RMB has been freely convertible under the current account and is gradually being realized under the capital account.
However, at present, China's financial market is not very developed, and the foreign exchange control measures are not perfect under the financial opening environment, especially the review mechanism for capital entry is not strict and complete, leaving loopholes for international "money laundering" and bringing difficulties to anti-money laundering in the foreign exchange field.
Six, there is no detailed rules for working together with relevant social departments. Financial institutions are an important channel for anti-money laundering in China. But now the means of money laundering involves almost all aspects of cash consumption and transaction in social and economic life. In 2003, Hong Kong successfully cracked a criminal gang that used air tickets to launder money.
Solution countermeasures
First, it is suggested to speed up the legislative construction of relevant laws. In recent years, China has successively signed and ratified a series of international conventions related to anti-money laundering and counter-terrorism financing, such as the United Nations Convention on Drug Control, the Convention against Transnational Organized Crime, the Convention for the Suppression of Terrorist Financing and the Convention against Corruption.
The second is the mechanism construction of anti-money laundering cooperation. Judging from the current experience of international anti-money laundering work, it is difficult to estimate the scope of anti-money laundering cooperation, which requires the cooperation and participation of the whole society.
First of all, we need a social foundation of anti-money laundering knowledge; Secondly, the main design departments have close cooperative relations, which should be established by the central government and carried out from top to bottom; Finally, the construction of anti-money laundering cooperation mechanism is a long-term work, which will change with the actual situation of anti-money laundering.