"Money laundering" scams have been heard from time to time. In the past, scam groups used pyramid schemes to claim to provide "quick money" opportunities or to help apply for low-interest loans to induce students or housewives to provide personal accounts. Recently, scammers have even targeted Expanding to the foreign domestic helpers community, using hundreds to thousands of dollars in remuneration to solicit foreign domestic helpers to open local bank accounts as puppet accounts for "money laundering".
Chen Lexi, the founder of the accounting firm COSCO Global Group and qualified as an "Internationally Recognized Anti-Money Laundering Specialist", said that for the citizens of Shengdou, "money laundering" feels very "away", but in fact, it is also embarrassing to fall into the French Open at any time. I don't know.
He dismantled the "money laundering" trilogy so that the public can take precautions.
Chen Lexi, an internationally recognized anti-money laundering expert, said that the citizens of Shengdou would fall into the French Open at any time without knowing it.
(Photo by Yu Junliang)
What we usually talk about is "money laundering" and "money laundering", which refer to the monetary benefits of crime and deposit the relevant cash in the banking system.
Strictly speaking, there is a "trilogy": the first is "Placement", which is to deposit black money in the banking system; the second is "Layering", which is to put money into different countries, different banks, and different companies. "Complicating" one thing makes it difficult for the outside world to trace the source of money; the third is "Integration," which means spending money on valuables such as buildings, luxury cars, jewelry, etc. Chen Lexi pointed out, "Through these three steps, you can Launder the money for nothing!"
Accounts in cash-intensive industries are easier to "money laundering"
Generally speaking, the public feel that "money laundering" is irrelevant. However, citizens sometimes play the role of "helpers" but do not know it.
Chen Lexi, who served as the deputy director of compliance at a bank, pointed out, “Seeing that housewives and student unions are easily used by criminals, and helpers play the role of Placement. For example, criminals will allow citizens to deposit money in banks. On the surface, the citizens seem to be Don’t do it, but in fact, they have assisted in the entire money laundering behavior, and they may be blacklisted by the bank and freeze their accounts.” Moreover, if students or housewives suddenly have more money in their accounts, but they have no jobs at all, it is difficult to prove a sum of money. The existence of will naturally arouse suspicion.
It sounds like a cliché, but it happens from time to time.
Recently, a total of 5 people from two families were involved in money laundering using a total of 10 bank accounts of personal or self-owned "zero-income" companies between 2010 and 2012, involving 1.8 billion yuan. They were convicted of money laundering. 7 years in prison.
Therefore, indiscriminate methods will find "white paper" to assist in money laundering. "White paper" means a crime-free record. It is not a bank's blacklist. You can open company and bank accounts.
In order to avoid the bank’s suspicion, Chen Lexi pointed out, "The lawbreakers will ask the "blank paper" to find names and open bank accounts to do business. For example, in the cash intensive industry, doing antiques, jewelry and other businesses, you can have a lot of cash transactions. It’s easier to do "money laundering" actions in the middle of the industry."
Banks also have a "trilogy" of anti-money laundering procedures.
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Is the bank's "counter-control" three-stroke politicians at high risk?
Although there are endless tactics for criminals, banks also have relative policies to deal with them.
"Money laundering" has a "trilogy", and the bank's anti-money laundering process also has a "trilogy".
Chen Lexi said, "These are prevention, detection, and prosecution (police, customs). Banks need to perform KYC, that is, customer due diligence, to understand the customer's background, source of funds, and current account, and to do a sufficient customer risk assessment."
In terms of prevention, from the perspective of the bank, the industry and country the client is in is one of its risk factor assessments.
Chen Lexi said that generally speaking, politicians (such as those at the deputy director level or above) have a higher risk of opening an account, because once there is malfeasance, corruption and "money laundering" are prone to actions. Open an account!" As for the financial services industry, such as money changers, it is also a higher risk. It is easier to "money laundering" by transferring cash to your own account through the money changer and then transferring the funds into the banking system.
Asked how to detect "money laundering," Chen Lexi pointed out that the bank will look at the frequency of transactions, such as a large amount of silver code that enters and exits. If there is an unusual transaction in the account, it will report to the police and customs related departments.
Anti-"money laundering" will check several industries, including banking, accounting, finance, and law firms.
He continued, "Smaller accounting firms and law firms may have to rely on more manpower. They will look at the bank statements and see if there are unusual transactions."
As for law enforcement, the police and law enforcement agencies will look at the real situation, and if they find that students and housewives are being used by others, rather than the mastermind, they will be asked to assist in the investigation, and the chances of being detained in the end are small.
But Chen Lexi reminded that although they will not be in prison, they will not be able to open an account in the future, and the impact will be far-reaching.
Bitcoin has become one of the ways of money laundering, because it is difficult to trace the source of funds.
(Reuters)
With the prevalence of virtual currencies, Bitcoin has also become one of the ways to launder money.
Chen Lexi pointed out that “virtual currency is easier to launder money because it is difficult to trace the source of funds. For example, it is more difficult to trace the IP belonging to a baa.” In fact, before converting virtual currency, all funds need to be deposited in a bank account, and then in the virtual currency. On the currency platform, funds are converted into virtual currency.
Therefore, it is particularly important to take preventive measures. Customers should check before opening a bank account and do a good job of customer due diligence. Dark money will not enter the bank and will not be exchanged for virtual currency.
The fight against money laundering is temporarily reported by the industry
Chen Lexi also pointed out that on weekdays, he would communicate with different regulatory agencies such as banks and customs, and would also browse the latest information in the Financial Action for Prevention of Money Laundering (FATF) to maintain the sense of anti-"money laundering". He continued that "will be listed for listing." Companies, banks, accounting offices and other financial industries have formulated codes and established mechanisms to prevent "money laundering." Listed companies need to have a set of anti-money laundering measures, and they will help them to provide one-stop anti-money laundering information."
Generally speaking, listed companies and the financial industry accountants will set up anti-money laundering regulations. The most basic measures are a set of measures, such as a professional anti-money laundering commissioner (MLRO).
He said that the bank will require relevant staff to have relevant experience and will also need to hold an international anti-money laundering professional qualification.
Chen Lexi said, "It is important to check against black money, and for the time being, it is mainly reported by the industry. If a case is not reported, money laundering is involved in the process, and MLRO does not do a good job of due diligence, and may go to jail and fines." The relevant regulations are in the banking industry. It has been a long time since the industry did not have a good understanding of anti-money laundering, but now the awareness and attention on anti-money laundering has obviously increased. "At present, the industry feels suspicious and will try to report it!"
