1. What is money laundering?
Answer: Money laundering is to conceal and conceal the source and nature of illegal funds, and by some means to turn it into seemingly legitimate funds. It mainly includes providing capital accounts, assisting in the conversion of property forms, assisting in the transfer of funds or remittances overseas.
2. What money laundering will constitute the crime of saving money?
Answer: This mainly refers to the crimes of drug laundering, organized crimes of a triad nature, crimes of terrorist activities, smuggling crimes, crimes of corruption and bribery, crimes of disrupting financial management order, crimes of financial fraud, and the proceeds generated, which will constitute money laundering.
3. Why anti-money laundering?
Answer: Money laundering promotes serious crimes such as smuggling, drugs, underworld, corruption and bribery, and financial fraud, disrupts normal social and economic order, disrupts fair social competition, and even affects the country's reputation. Therefore, we have adopted various anti-money laundering measures such as large and suspicious fund monitoring, anti-money laundering supervision and inspection, and anti-money laundering investigations in accordance with the law to prevent and combat money laundering crimes and serve the purpose of curbing their upstream crimes.
4. Which department does the national anti-money laundering administrative department refer to? What are its main responsibilities?
Answer: The national anti-money laundering administrative department refers to the People's Bank of China. It is mainly responsible for organizing and coordinating anti-money laundering work throughout the country, monitoring anti-money laundering funds, formulating anti-money laundering regulations for financial institutions, and supervising and inspecting the anti-money laundering work of financial institutions and certain non-financial institutions. , Investigate suspicious transactions, carry out international cooperation in anti-money laundering, etc.
5. Are there other departments involved in anti-money laundering management?
Answer: At the national level, there are inter-ministerial anti-money laundering joint meetings of 23 departments including the Ministry of Public Security, the Ministry of Foreign Affairs, the Supreme People's Court, the Supreme People's Procuratorate, the China Banking Regulatory Commission, the Securities Regulatory Commission, and the Insurance Regulatory Commission. Provinces, autonomous regions, municipalities, and Dalian, Qingdao, Ningbo, Xiamen, and Shenzhen have also established corresponding joint conference systems.
6. Why emphasize anti-money laundering in the financial industry?
Answer: The financial industry undertakes the functions of storing, financing and transferring social funds, and plays an important role in promoting social and economic development. But at the same time, it is also easy to be used by money laundering criminals to cover up seemingly normal financial transactions, change the form of funds of criminal proceeds or transfer criminal funds. Therefore, the financial industry is at the forefront of anti-money laundering work. It can identify and discover criminal funds as early as possible, and prevent and combat criminal activities by tracking the flow of criminal funds.
7. What institution is responsible for monitoring anti-money laundering funds?
Answer: The People's Bank of China has set up a China Anti-Money Laundering Monitoring and Analysis Center specifically to monitor anti-money laundering funds.
8. Which transactions will be monitored by anti-money laundering?
Answer: The People's Bank of China has formulated special regulations. When financial transactions reach a certain amount or meet certain suspicious characteristics, financial institutions should submit reports on large and suspicious transactions to the China Anti-Money Laundering Monitoring and Analysis Center. For example, cash deposits, cash exchanges, cash remittances, etc. that are accumulated in a single transaction or a cumulative amount of more than 200,000 yuan on the same day, or the bank account funds are transferred in and out in a short period of time and are clearly inconsistent with the identity of the customer or the business. Financial institutions can also determine and report suspicious transactions suspected of money laundering based on specific circumstances.
9. What anti-money laundering measures are currently adopted by financial institutions? Will it increase the time it takes for customers to do business?
A: Anti-money laundering measures such as customer identification, due diligence, large and suspicious transaction reports, customer identification information and transaction record retention are mainly adopted. Including pre-event prevention, post-event monitoring and investigation. The monitoring and investigation will take place after the completion of the business, and will not increase the time for customers to handle the business. The current preventive measures mainly include checking the customer's identity document and filling in relevant customer information, which is basically consistent with the current financial business requirements.
10. Will anti-money laundering work violate personal privacy and trade secrets?
Answer: No. The Anti-Money Laundering Law of the People's Republic of China attaches great importance to the protection of personal privacy and business secrets of enterprises, and specifically stipulates that customer identity information and transaction information obtained in accordance with the law's performance of anti-money laundering duties must be kept confidential. Individually provided. The Anti-Money Laundering Law of the People's Republic of China also stipulates that the anti-money laundering administrative department and other departments and institutions that have the responsibility for the supervision and management of anti-money laundering in accordance with the law can obtain customer identity data and transaction information obtained from performing anti-money laundering duties. Investigations; customer identification data and transaction information obtained by the judiciary according to law can only be used in anti-money laundering criminal proceedings.
11. What kind of business do customers need to present to the bank for customer identification?
A: When establishing a new business relationship with a customer, or when the financial business reaches a prescribed amount, a financial institution must identify the customer's identity document, ensure the authenticity and legality of the customer's identity, and retain the customer's identity information in accordance with regulations. Therefore, individuals should show their true and valid identity documents or other identification documents when filling out financial services, and fill in basic identity information. If you go to an unopened bank for cash remittance, cash exchange, bill redemption, and a single amount of more than 10,000 yuan or foreign currency equivalent of 1,000 US dollars, you should cooperate with the production and copy of valid ID or other identification documents. An individual who handles cash deposits and withdrawals worth RMB 50,000 or foreign currency equivalent to USD 10,000 should present a valid ID or other identification document.
12. How should the customer cooperate with the remittance institution in fulfilling its identification obligations when sending money abroad?
A: Cooperate with registering the sender's name or name, account number, address, payee name, address and other information.
13. What kind of business do customers need to produce identification documents when they go to securities companies, futures companies, and fund management companies?
A: Clients open fund accounts, open, report losses, cancel securities accounts, apply for, report losses, cancel futures transaction codes, sign futures brokerage contracts, transfer custody, designate or cancel designated transactions, report lost transaction passwords, modify basic identity information and other information , When opening online transactions, telephone transactions and other services, you should present a valid ID or other identification documents, and fill in basic identity information.
14. What insurance business does the customer need to show ID?
A: When a customer applies for insurance, surrenders, compensates or receives insurance, if the amount exceeds a certain amount, the financial institution will identify the customer. For example, when the refunded insurance premium or policy cash value exceeds RMB 10,000 or foreign currency equivalent of 1,000 USD, the surrender applicant should present the valid ID of the surrender applicant based on the original insurance contract or insurance certificate Or other identification documents. For another example, in the event of insurance compensation or receipt of insurance money, if the amount exceeds 10,000 yuan or a foreign currency equivalent of 1,000 US dollars, the customer should present a valid ID or other identification document of the insured or beneficiary to inform the insured The relationship between the person, beneficiary and policyholder, fill in the basic identity information of the insured and beneficiary.
15. When a client sets up a trust business in a trust company, how should he cooperate with the trust company to identify the identity of the client?
Answer: The client should show the client's valid identity document or other identification documents, cooperate with the trust company to understand the source of the trust property, and fill in the basic information of the client and the beneficiary.
16. When customers go to financial asset management companies, property companies, financial leasing companies, auto finance companies, currency brokerage companies, and insurance asset management companies to handle financial business, do they also need to show their identity documents?
Answer: Yes, the customer should also present a valid ID or other identification document and fill in the basic identity information.
17. How should clients who handle financial services on behalf of others cooperate with financial institutions in fulfilling their customer identification obligations?
A: When a customer is acting as a financial agent for another person, the customer should present the valid identity document or other identification documents of the principal and himself, and fill in the information such as name, contact information, type and number of the identification document or other certification documents.
18. Will the financial institution continue to perform its customer identification obligations during the duration of the business relationship with the customer?
A: Yes, financial institutions should also continue to pay attention to customers and their daily business activities and financial transactions, and promptly prompt customers to update information.
19. When the customer requests to change the identity information such as name or name, does the financial institution need to re-identify the customer?
Answer; yes. When the customer requests to change the name or name, type of identity document or identification document, ID number, registered capital, business scope, legal representative or person in charge, the financial institution shall re-identify the customer, and the customer shall present the relevant information to the financial institution information.
20. In addition to checking identity documents, what other measures can financial institutions take to identify customers?
A: Financial institutions can also take measures such as requiring customers to supplement other identity information or identification documents, returning to customers, conducting on-site visits, or verifying with public security and industrial and commercial administrative departments. For example, financial institutions can now verify the identity card information online.
21. What should the customer do if the previously submitted identity document or other identification document has expired during the financial business relationship?
Answer: The identity information should be updated in a timely manner. If it is not updated within a reasonable period and there is no reasonable reason, the financial institution should suspend the business for the customer.
22. What conditions should financial institutions report as suspicious when performing customer identification?
Answer: When the customer refuses to provide a valid identity document or refuses to update the basic information of the customer without proper reasons, or after the financial institution takes the necessary measures and still doubts the authenticity, validity and completeness of the previously obtained customer identity information.
23. If the part of the business handled by the customer meets the characteristics of money laundering, will the bank refuse the transaction?
A: The transaction meets the suspicious transaction reporting standard, which does not mean that the customer is a money launderer. Therefore, financial institutions must take different measures according to different situations. For example, when you go to the bank to open an account and say that you do not have an ID card or use an pseudonym to open an account, the bank will definitely refuse. Businesses that do not involve this type of feature, such as the frequent entry and exit of your account funds, do not match your identity or business status, the bank will not refuse to conduct business, but will report it as a suspicious transaction.
24. Please give some examples of suspicious transactions in the securities industry.
A: For example, securities investors require securities companies to change their information materials, but the relevant information provided is suspected of forgery or alteration. As another example, clients frequently handle the transfer of fund shares for no reasonable reason.
25. What are the criteria for suspicious insurance transactions?
A: The "Administrative Measures for the Reporting of Large-amount Transactions and Suspicious Transactions of Financial Institutions" lists 17 types of standards. For example, if you purchase an insurance policy through settlement, but the amount of the payment is huge and does not correspond to its economic status, or when the insurance compensation occurs, the customer insists that Remit funds to someone other than the insured and beneficiaries.
26. What if an individual finds money laundering clues? How do I report it? Is there a security measure?
A: We welcome all citizens to report money laundering crimes and their predicate crimes. Every citizen has the obligation and right to report. Citizens can choose multiple forms to report. The report phone is 010-88092000; the report email is 35-Finance Street, Xicheng District, Beijing, and the mailbox is 32-124. The receiving unit is China Anti-Money Laundering Monitoring and Analysis Center, Zip Code: 100032; : 010-88091999; E-mail address: firstname.lastname@example.org; Report website: http://www.camlmac.gov.cn/. All report information and the name of the reporter are strictly confidential.