Research on Generation Background, Difficulties and Suggestions of Transboundary Money Laundering: A Literature Review

Yunke Wu

Abstract


With the internationalization of the renminbi, the prosperity of border trade and the implementation of the Belt and Road Initiative, the volume and complexity of cross-border renminbi transactions are increasing day by day, but the cross-border circulation of the renminbi has brought huge challenges to anti-money laundering regulation. This article discusses the reasons, current situation and difficulties that the surging RMB cross-border circulation transactions have brought about from the perspective of anti-money laundering prevention, evaluates the impact and gives specific suggestions.

Keywords


The internationalization of Renminbi; Anti-money laundering; Financial supervisory regulation; Cross-bor- der trade; Suspicious transactions

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DOI: https://doi.org/10.12346/ems.v4i3.8346

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