Comments on the law of the People's Republic of China on anti‐money laundering
Abstract
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 anti‐money laundering, celebrates the enactment of the law and points out the gap still remaining between Chinese legislation and international standards.
Findings
The enactment of the law of the People's Republic of China on anti‐money laundering is of vital significance. Based on the international experience in the fight against money laundering, Chinese anti‐money‐laundering legislation has made considerable progress. Its shortcomings, however, are also evident.
Originality/value
This paper presents a comprehensive description of, and comments on, the law of the People's Republic of China, which would be beneficial to the legislature.
Keywords
Citation
Ping, H. (2007), "Comments on the law of the People's Republic of China on anti‐money laundering", Journal of Money Laundering Control, Vol. 10 No. 4, pp. 438-448. https://doi.org/10.1108/13685200710830925
Publisher
:Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited