www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Money laundering law adopted

(Xinhua/China Daily)
Updated: 2006-11-01 06:47

Landmark legislation on anti-money laundering and death sentences was approved by China's top legislature Tuesday and is scheduled to take effect on January 1.

The Standing Committee of the National People's Congress widened the definition of money laundering to include corruption and bribe taking, violating financial management regulations and financial fraud.

Related Readings:
 Regulators follow the dirty money
 Anti-money laundering
 China mulls anti-money laundering law  Lai laundered 12b yuan 
 Anti-money laundering law adopted
 Law revised to limit death penalty
Previously, the law identified only drug trafficking, organized or terrorist crime and smuggling as money laundering.

Officials and analysts believed the ambit was too narrow and called for stepped-up efforts to combat money laundering and stop corrupt officials fleeing abroad with large amounts of illicit money.

The law demands that financial and some non-financia l institutions maintain customer and transaction records and report large and suspect transactions.

The People's Bank of China, the central bank, and its provincial branch offices are authorized to investigate suspect fund transfers.

According to the China Anti-Money Laundering Monitoring and Analysis Centre, an office under the central bank set up in 2004, 683 suspected money laundering cases had been reported to the police by the end of 2005. They involved 137.8 billion yuan (US$17.2 billion) and US$1 billion.

The law, made as required by the United Nations Convention Against Corruption, also pledges to step up co-ordination with other countries to combat global money laundering and exchange information with overseas anti-money laundering organizations.

"It is an important and essential step," said Zhang Xuechun, an economist with the Asian Development Bank's Resident Mission in China.

"But how well it will be implemented depends on whether the government can put together an efficient inter-department co-ordination mechanism," he said.

Zhang Hongwei, director of the anti-money laundering department of the Ministry of Public Security, said the law would facilitate closer co-operation between police departments and financial institutions.

The central bank last year transferred 2,790 suspected cases involving 32.78 billion yuan (US$4.1 billion) to the police, and the State Administration of Foreign Exchange also referred 405 cases involving US$1.24 billion, according to a central bank report released in August.

Meanwhile, an amendment to the Organic Law of the People's Courts was adopted, requiring all death sentences to be reviewed and ratified by the Supreme People's Court.

Xiao Yang, president of the court, said the there would now be a clear distinction between the review of a death sentence and an appeal of the verdict. The former will be handled by the highest court while the latter remains with provincial courts.

"It will give the defendants one more chance to have their opinions heard," Xiao said.

Chen Zhonglin, a law professor with Southwest University of Political Science and Law, estimated that the number of death sentences in China would drop by at least 20 per cent after the amendment of the law.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 国产成人mv在线观看入口视频 | 欧美日韩一区二区三区在线播放 | 亚洲精品成人网久久久久久 | 天堂在线亚洲 | 色吊丝avav色吊丝 | 欧美韩国日本一区 | 国产日本在线视频 | 成年人免费小视频 | 好吊操这里只有精品 | 成人毛片手机版免费看 | 精品一区二区在线欧美日韩 | 欧美另类亚洲一区二区 | 日韩 国产 欧美 精品 在线 | 欧美一级久久久久久久大片 | 欧美成人亚洲欧美成人 | 久久久免费| 国产ssss在线观看极品 | 日韩美女视频网站 | 啪啪一级视频 | 中文字幕精品一区二区三区视频 | 国产成人在线小视频 | 欧洲乱码伦视频免费 | 久久精品欧美日韩精品 | 欧美视频网站在线观看 | 免费亚洲视频 | 国产精品中文字幕在线观看 | 真实的国产乱xxxx | 欧美三级做爰视频 | 黄网站www | 亚洲黄色在线视频 | 手机看片日韩国产一区二区 | 亚洲人成高清 | 欧美精品国产一区二区三区 | 在线精品视频播放 | 国产一级在线 | 国产精品视频免费播放 | 一级淫片免费视频 | 欧美一级毛片aaa片 欧美一级毛片不卡免费观看 | 欧美日中文字幕 | 偷自拍| 国产精品视频免费观看调教网 |