Industry dynamics | 11 departments jointly carry out three years of action to crack down on money laundering crimes

2022-05-12 0 By

In order to crack down on illegal and criminal money laundering activities and further improve the risk prevention and control system of money laundering, recently,The People’s Bank of China, the Ministry of Public Security, the National Supervisory Commission, the Supreme People’s Court, the Supreme People’s Procuratorate, the Ministry of State Security, the General Administration of Customs, the State Administration of Taxation, the Banking and Insurance Regulatory Commission, the Securities Regulatory Commission and the State Administration of Foreign Exchange jointly issued the Three-year Action Plan on Combating Money Laundering Crimes (2022-2024).It decided to launch a three-year nationwide campaign to crack down on money laundering crimes from January 2022 to December 2024.The People’s Bank of China and the Ministry of Public Security are leading the three-year campaign.Since the 18th CPC National Congress, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as the core, all relevant departments have earnestly performed their duties, cooperated closely, and made positive progress in preventing and cracking down on money laundering and related crimes. Anti-money laundering competent departments and financial supervision and management departments have guided anti-money laundering obligatory institutions to strengthen risk-based awareness.Supervisory, judicial, investigative organs and industrial competent departments at all levels maintain high pressure on organized crimes of mafia-like nature, drug crimes, embezzlement and bribery crimes, tax-related crimes and other crimes, and investigate criminal responsibility for the money laundering crimes according to Article 191 and Article 312 of the Criminal Law.At present, the situation of combating money laundering crimes is still grim.The Three-year Action Plan on Combating money Laundering (2022-2024) requires all departments to improve their political positions, strengthen organizational leadership, and strengthen publicity and training.From the revision of anti-money laundering law and deal with money laundering criminal cases related judicial interpretation and implementation of a piece of the “double check” working mechanism, and to strengthen intelligence clues and case in consultation with, strengthening type analysis and anti-money laundering investigation of money laundering money laundering investigation, strengthen anti-money laundering obligations institutions the capability to carry out the job responsibility, risk prevention and control in combination with the practical function and department of around all the work and measures further refinement,In accordance with the law to crack down on all kinds of illegal and criminal behavior of money laundering, especially to intensify efforts to combat money laundering crime prescribed in article one hundred and ninety-one of the criminal law, and resolutely curb the spread of money laundering and related criminal, driving source management, system management and comprehensive management, build perfect national money laundering risk prevention and control system, to safeguard national security, social stability and people’s interests.Source: CBRC