Author(s)

Zhu Yuchi

Corresponding Author

Zhu Yuchi

Abstract

The emergence of the crime of money laundering originated from the laundry case of the Chicago Mafia in the 1920s. In the 1970s, the Nixon Watergate Incident first appeared in the major newspapers and periodicals as a legal term. After nearly a century of development, money laundering is becoming a global problem. China, as a member of the Financial Action Task Force, does a good job in the prevention and control of money laundering in our country, which meets the needs of International Combating Money Laundering Crime and maintaining social stability, and can also reduce the incidence of domestic economic crimes. Therefore, it is of practical significance to study the prevention and control mechanism of money laundering crime in our country. The prevention and control mechanism of money laundering crime is relative to the detection mechanism of crime. The main purpose is to reduce the incidence of crime, find out the trend of crime in time to reduce the losses caused by crime, and create conditions for subsequent recovery of the amount of losses. For financial institutions, the prevention and control mechanism center of money laundering crime is the People's Bank of China, which is guided and deployed by the People's Bank of China. For other non-financial institutions, the prevention and control center lies in the State Council, which has general supervision and management responsibilities for non-financial institutions in China. In view of the development of China's economy and anti-money laundering crime prevention and control system, the anti-money laundering prevention and control mechanism in China urgently needs to study the following issues: the problems existing in the prevention and control of money laundering crime in China, the experience of developed countries in the prevention and control of money laundering crime, the current situation of China's regulatory system and how to strengthen international law enforcement cooperation.

Keywords

Money laundering crime, prevention and control mechanism, international cooperation.