On Countermeasures of Containing Money Laundering From Relation between Illegal Private Banks and Money Laundering

Some illegal private banks,fulfilling the function of the financial institutions without the examination and approval of our country,in the special period of rotating finance track in Chinese economy, take the opportunity of deficiency of the finance opening degree to be engaged in the illegal financial activities,such as money laundering for the funds of questionable antecedents,which brought about impingement to the country's financial order and difficulty of the anti-money-laundering job.To crack down on illegal private banks and contain money laundering should improve the relative laws of containing money laundering,strengthen the supervision of financial institutions,establish organizations of anti-money-laundering and train the personnel,carry out specialized collisions and enhance the cooperation with international anti-money-laundering organization timely,broaden the personal transaction of foreign exchange or the exchange channels,and try to change some illegal private banks into legal local financial institutions.