I. Financial institutions
Financial institutions are the main body of anti-money laundering, including banks, securities companies, insurance companies and payment institutions. They are responsible for monitoring customer transactions, identifying suspicious transactions and reporting suspicious transactions. The following is a detailed description of the anti-money laundering responsibilities of financial institutions:
1, monitoring customer transactions
Financial institutions have the responsibility to monitor customers' trading activities. They should use various means and tools to identify abnormal or suspicious transactions, including large cash transactions, frequent transfers and transactions involving high-risk countries or regions.
2. Identify suspicious transactions.
Financial institutions should establish effective internal control measures to identify transactions that may involve money laundering or unknown sources of funds. They need to conduct due diligence on customers, verify their identity and background, and understand the rationality of their business activities.
Two. Non-bank financial institutions
In addition to traditional financial institutions, some non-bank financial institutions have also been included in the scope of anti-money laundering supervision. These institutions include remittance service providers, money changers and electronic payment institutions. The following is a detailed description of the anti-money laundering responsibilities of non-bank financial institutions:
1, remittance service provider
Remittance service providers refer to institutions that provide cross-border transfer and remittance services, including remittance companies, money order agents and wire transfer companies.
2. Money changers
Money changers refer to money changers, foreign exchange brokers, foreign exchange exchanges and other institutions engaged in foreign exchange and currency transactions. These institutions need to establish internal control measures to monitor cash transactions and prevent money laundering and activities with unidentified sources of funds.
Third, high-risk industries.
Some industries are considered as high-risk industries because of their particularity, and it is necessary to strengthen anti-money laundering preventive measures. Some industries are considered as high-risk industries because of their particularity, and it is necessary to strengthen anti-money laundering preventive measures. The following is a detailed description of the responsibilities of some high-risk industries in anti-money laundering:
1, real estate industry
The real estate industry plays an important role in anti-money laundering, because real estate transactions may involve a lot of cash payments and the risk of hiding real ownership.
2. Law firms and accounting firms
Law firms and accounting firms may face money laundering when providing legal or financial services. Therefore, they need to take appropriate measures to identify suspicious transactions and report them to the relevant regulatory authorities.