The measures on combating money laundering and terrorism financing in the PRC: From the perspective of financial action task force

摘要

Purpose – The purpose of this paper is to make objective comments on China's comprehensive measures on combating money laundering and terrorism financing, and to put forward some recommendations for improvement. Design/methodology/approach – This paper based on the financial action task force (FATF) evaluation report, describes the fight against money laundering and terrorism financing in China, analyses the gap still remaining between China and the international standards, and points out the future efforts to be made. Findings – China has made significant progress in implementing anti-money laundering and combating the financing of terrorism measures in the last decades, gaps however are still remained. The future efforts to be made are as follows: criminal legislation and administrative measures should be improved or supplemented; human resources and institutional resources should be supported and international cooperation should be further strengthened. Originality/value – This paper presents a comprehensive description of, and comments on, the efforts on China's anti-money laundering and combating the financing of terrorism, which would be beneficial to policy makers and relevant administrators.