The basic principles of risk-based anti-money laundering work include the following contents

1. The principle of legality and prudence means that financial institutions should identify suspicious transactions in accordance with the law and prudently, so as not to indulge in unnecessary transactions, and shall not engage in unfair competition to hinder the performance of anti-money laundering obligations.

2. The principle of confidentiality means that financial institutions and their staff should keep the secrets of anti-money laundering work and shall not leak relevant anti-money laundering work information to customers and other personnel in violation of regulations.

3. The principle of comprehensive cooperation with judicial agencies and administrative law enforcement agencies means that financial institutions should assist and cooperate with judicial agencies and administrative law enforcement agencies in combating money laundering activities in accordance with the law, and assist judicial agencies in accordance with laws, administrative regulations and other relevant provisions. , customs, tax and other departments to inquire, freeze and deduct customer deposits.

Extended information:

Necessity of anti-money laundering:

Money laundering has serious social harm. It not only damages the security of the financial system and the safety of financial institutions credibility, and has a great destructive effect on my country's normal economic order and social stability.

1. The needs of the domestic situation

In recent years, with the continuous occurrence of crimes such as smuggling, drugs, corruption and bribery, and the large number of illegal fund transfer activities, my country's money laundering problem has become increasingly prominent. The lack of preventive and monitoring measures for money laundering has resulted in the inability to detect criminal clues early, which has affected the tracing and combating of money laundering crimes and their predicate crimes and the recovery of criminal proceeds. There are growing calls from the government and all sectors of society to strengthen anti-money laundering legislation and improve the anti-money laundering legal system.

2. The needs of the international situation

Money laundering activities have transnational (border) characteristics. To curb and combat transnational money laundering activities, we must standardize and coordinate domestic and international legislation and strengthen international cooperation in anti-money laundering. .

And our country has ratified the United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances, the United Nations Convention against Transnational Organized Crime, the United Nations Convention against Corruption and the Suppression of the Financing of Terrorism. International Conventions and other international conventions, all clearly require member states to establish and improve anti-money laundering legal systems.

3. Practical work needs

As for anti-money laundering activities, although our country lacked a complete anti-money laundering law before, anti-money laundering work has been in progress since the 1990s. It hasn't stopped since the ages.

In terms of investigating crimes, for example, the 1997 Criminal Law clearly stipulates the crime of money laundering and imposes severe penalties.

In terms of sound systems, such as the "People's Bank of China Law", the "Anti-Money Laundering Regulations for Financial Institutions" formulated by the People's Bank of China in 2003, the "Measures for the Administration of Large-Amount and Suspicious RMB Payment Transactions", "Financial Institutions Regulations such as the "Administrative Measures for Reporting Large and Suspicious Foreign Exchange Fund Transactions" and the "Real-name System for Personal Deposit Accounts" all involve anti-money laundering content and provide favorable conditions for anti-money laundering legislation.