Many countries have already issued and implemented anti-money laundering and terrorist financing laws in succession. But, we have to note that, money laundering, terrorist financing and those serious criminal activities supported by them, such as drug trafficking, smuggling, population trafficking and corruption, and terrorist attacks are still rampant and threaten the safety, stability and prosperity of human society.
According to the UN Report of the SecretaryGeneral’s High-level Panel on Threats, Challenges and Change, lack of international cooperation is one of the fundamental drawbacks that international communities cannot respond effectively to money laundering and terrorist financing. In recent years, China has made great efforts in preventing, cracking down and punishing of money laundering and terrorist financing activities and therefore achieved obvious progress.