China sets up scheme to prevent money laundering

时间：2007-08-24 07:04:39

（单词翻译:单击）

Chinanews, Beijing, Aug 24 – Fighting against money laundering1 is a long-term task. China will focus on setting up an appropriate system, not any individual cases, to tackle the issue, said Tang Xu, director of the People's Bank of China's Anti-money-laundering Office.

 

On August 1, the central bank, China Banking2 Regulatory Commission, China Securities Regulatory Commission, and China Insurance Regulatory Commission jointly3 issued regulations that allowed financial institutions to track customers' ID information and record their transactions history. From then on, depositors who save more than 50,000 yuan at one time in banks must present their ID card to the bank. This is considered as one of the measures to fight against money laundering activities.

 

China has established a rather severe punishing system against money laundering. The punishing system focuses on two aspects. On the one hand, it requires financial institutions to set up regulations on money laundering activities. If they do not establish related regulations, they will be punished. On the other hand, criminal suspects who conduct money laundering activities will be subjected to criminal punishment. The public security department will place their money laundering cases on file for investigation4 and prosecution5. According to related laws, the People's Bank of China is the administrative6 body under the State Council to deal with money laundering cases. It is authorized7 to punish any financial institutions which violate anti-money-laundering laws with a fine between 500,000 yuan and 2 million yuan. If the money laundering activities lead to some bad consequences, the fine can reach up to 5 million yuan. So far, the system has worked well and many banks have established related systems against money laundering, Tang Xu noted8.

 
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1 laundering laundering     
n.洗涤（衣等），洗烫（衣等）；洗（钱）v.洗（衣服等），洗烫（衣服等）( launder的现在分词 )；洗（黑钱）（把非法收入改头换面，变为貌似合法的收入）
参考例句：
  • Separate the white clothes from the dark clothes before laundering. 洗衣前应当把浅色衣服和深色衣服分开。 来自《简明英汉词典》
  • He was charged with laundering money. 他被指控洗钱。 来自《简明英汉词典》
2 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
3 jointly jp9zvS     
ad.联合地，共同地
参考例句：
  • Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
  • She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。
4 investigation MRKzq     
n.调查，调查研究
参考例句：
  • In an investigation,a new fact became known, which told against him.在调查中新发现了一件对他不利的事实。
  • He drew the conclusion by building on his own investigation.他根据自己的调查研究作出结论。
5 prosecution uBWyL     
n.起诉，告发，检举，执行，经营
参考例句：
  • The Smiths brought a prosecution against the organizers.史密斯家对组织者们提出起诉。
  • He attempts to rebut the assertion made by the prosecution witness.他试图反驳原告方证人所作的断言。
6 administrative fzDzkc     
adj.行政的，管理的
参考例句：
  • The administrative burden must be lifted from local government.必须解除地方政府的行政负担。
  • He regarded all these administrative details as beneath his notice.他认为行政管理上的这些琐事都不值一顾。
7 authorized jyLzgx     
a.委任的，许可的
参考例句：
  • An administrative order is valid if authorized by a statute.如果一个行政命令得到一个法规的认可那么这个命令就是有效的。
8 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。

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