Traces the evolution of criminal law against money laundering to the UN Convention Against Illicit Traffic in Drugs and Psychotropic Substances 1988, which required member countries to stipulate a domestic offence of concealing drug trafficking proceeds; this was ratified in China and followed...

Deals with the background and main content of the three rules adopted in January 2003 by the People’s Bank of China (PBC): Rules for Anti‐Money Laundering by Financial Institutions, Administrative Rules for the Reporting of Large‐Value and Suspicious RMB (Renminbi) Payment Transactions,...

Addresses the conflict between banking secrecy and the fight against money laundering. Looks back at the origins of banking secrecy in the Swiss havens for German Jews’ money in the 1930s, and at the various reasons given justifying secrecy. Shows how banking secrecy has been lifted in...

Traces the history of the important obligation of financial systems and other vulnerable professions to report any suspicious transactions in order to combat money laundering. Contrasts the 1988 Statement of Principle of the Basel Committee on Banking Regulations and Supervisory Practices, which...

Comments on the Directive 2001/97/EC of the European Parliament and on the Amending Council Directive 91/308/EEC, both of them concerned with preventing use of the financial system for money laundering. Analyses the background of the 2001 Directive and the changes it makes compared to the 1991...

Describes the traditional money laundering methods of physical currency smuggling and the more common use of financial and other institutions. Shows how the pressure on vulnerable institutions to ensure control of conventional money laundering has induced criminals to expoit the potential of...

Purpose – The purpose of this paper is to analyze the merits and disadvantages of the law of the People's Republic of China on anti‐money laundering. Design/methodology/approach – The paper describes the main contents contained in the newly adopted law of the People's Republic of China on...

Purpose – To call for the legislature to pay more attention to the professional laundering and to improve the capability to attack money laundering. Design/methodology/approach – By describing the phenomena that money laundering crimes nowadays often involves lawyers, notaries and accounts,...

Purpose – The purpose of this paper is to make objective descriptions on various money‐laundering techniques and to put forward countermeasures in order to combat money laundering more effectively and efficiently. Design/methodology/approach – This paper based on 20 simplified...

Purpose The purpose of this paper is to introduce the background and significance of criminalization of self-money laundering in China and to analyze its application in judicial practice. Design/methodology/approach This paper introduces the international and domestic background of the...