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Exploration of Enhancing the Quality of Suspicious Transaction Reports for Anti-Money Laundering and Countering Financing of Terrorism in the Securities Industry of China

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DOI: 10.23977/ferm.2023.060911 | Downloads: 11 | Views: 341

Author(s)

Li Jia 1, Huang Liang 1

Affiliation(s)

1 Nanjing Securities Co., Ltd, Nanjing, Jiangsu, 210019, China

Corresponding Author

Li Jia

ABSTRACT

Reporting suspicious transactions is a fundamental obligation for Chinese financial institutions in preventing and combating money laundering crimes. This article examines the evolution of China's suspicious transaction reporting system and potential strategies to enhance the efficacy of Suspicious Transaction Reports, accounting for various variables that influence the reporting process.

KEYWORDS

The Securities Industry, Suspicious Transaction Report, Anti-Money Laundering and Countering Financing Terrorism (AML/CFT)

CITE THIS PAPER

Li Jia, Huang Liang, Exploration of Enhancing the Quality of Suspicious Transaction Reports for Anti-Money Laundering and Countering Financing of Terrorism in the Securities Industry of China. Financial Engineering and Risk Management (2023) Vol. 6: 77-82. DOI: http://dx.doi.org/10.23977/ferm.2023.060911.

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