BIZCHINA> Review & Analysis
![]() |
Anti-money laundering
(China Daily)
Updated: 2006-04-27 06:15 The draft law on anti-money laundering submitted to the top legislature on Tuesday expanded the scope of tracing suspicious money flowing from the banking sector to other commercial businesses. Meanwhile, it will place those holding public office under surveillance. These measures have generally been touted as two crucial new steps in China's anti-money laundering legislation. Admittedly as the scope of supervision widens, the authorities are tightening the reins to control the rising crime of money laundering, which is conducted under various disguises. The anti-money laundering monitoring centre of the People's Bank of China reported 683 suspected money-laundering cases to police in the past two years, involving a total of US$17 billion. Experts estimate that the real amount of tainted money could be US$50 billion. With the rising number of embezzlement- and bribery-related money laundering crimes by government officials in recent years, the draft law rightly strengthens control of possible crime by government officials. What the new law needs to tackle, however, goes far beyond that. A serious challenge facing legislators is how to define the predicate offences of money laundering. A wider definition of the predicate offences, which serve as a source of money laundering, will toughen law enforcement. Traditionally, Criminal Law stipulated that the predicate offences for money laundering include drug trafficking, organized crime, smuggling and terrorist activities. Internationally, the general scope of predicate offences for money laundering is much wider. It means that although money-laundering criminals of other sources can be held accountable domestically on other charges, it would be hard to seek international co-operation in seizing them once they fled overseas. It is good to see that the new draft law gives a wider berth to the predicate offences for the crimes of money laundering, incorporating embezzlement, bribery and financial swindle. The current controversy lies in whether China should further expand that scope to better dovetail with international practice, such as the 40+9 Recommendations proposed by the Financial Action Task Force on Anti-Money Laundering, an inter-governmental body combating international illegal money flow. It suggests at least 20 predicate offences for money laundering. From an international perspective, given the rising crime on its soil and its necessity to gain full access to international co-operation against money laundering, it is better for China to get bolder in defining the crime. (China Daily 04/27/2006 page4) (For more biz stories, please visit Industries)
|
主站蜘蛛池模板: 国产欧美成人免费观看 | 国产日韩视频在线观看 | 免费观看欧美一区二区三区 | 久久99亚洲精品久久99 | 久久久综合结合狠狠狠97色 | www.亚洲国产 | 欧美操人 | 男女免费观看在线爽爽爽视频 | 毛片成人永久免费视频 | 欧美激情视频一区二区免费 | 亚洲aⅴ男人的天堂在线观看 | bt天堂国产亚洲欧美在线 | 91精品久久久久 | 香蕉依依精品视频在线播放 | 日韩欧美一区二区三区久久 | 日日摸天天摸狠狠摸视频 | 国产美女三级做爰 | 日本在线毛片视频免费看 | 国产盗摄视频 | 亚洲伦 | 欧美高清一区 | 国产精品久久久久国产精品 | 热伊人99re久久精品最新地 | 久草在线视频在线观看 | 日韩一区二区三区免费视频 | 九九视频精品全部免费播放 | 中文字幕亚洲不卡在线亚瑟 | 国产一级毛片视频在线! | 日韩 亚洲 制服 欧美 综合 | 一级做a爱过程免费观看 | 在线看亚洲 | 亚洲国产精品久久精品成人 | 一级在线毛片 | 九色自拍视频 | 国产精品亚洲精品爽爽 | 免费观看成年人视频 | 日韩中文字幕免费观看 | 久久久亚洲精品国产 | 久草在线中文视频 | 99精品久久秒播无毒不卡 | 成人国产午夜在线视频 |