A Probe into Practical Approaches of Anti-money Laundering on the Destructiveness of Illegal Private Banks

As revealed in The Anti-money laundering Report of Central Bank of China,the number of illegal privatebank is increasing at a rapidspeed.Owing to china's being in its process of economic system transition andlate-starting of anti-money laundering efforts as well as bad information sharing between the overall finanacial systemand law enforcement organizations,the situation calls for prompt actions to be taken against money laundering.Inorder to preserve the safety of state political situation,economy,finance and keep the social order,studies onmethods,characterics and routines of money laundering should be carried on.To strike illegal private bankseffectively and to push forward our state's anti-money laundering efforts are of great importance for constructing aharmonious socialist society.