Introduction

Brief introduction of the CCAMLS:
Registered in People’s Bank of China, Central Bank of China, approved and supported by PBOC Anti-Money Laundering Bureau, China Centre for Anti-Money Laundering Studies was established in 2005 in Fudan University, Shanghai, China, affiliated to School of Economics. It is so far the only institution focusing on the study of money laundering and counter terrorism financing in China, which is crowned with the title of “China”. Dr. Xiang Junbo, vice-president of PBOC at the time, was designated as the honorary director of the centre.


Background of its establishment:
With the deepening of the financial globalization, the campaign against money laundering has become one of the most important tasks in the economic and legal areas among sovereign states. Chinese government attaches great importance to movement and has already taken many measures to fight against money laundering. It has established inter-ministerial joint conference mechanism in which 26 state ministries and departments work together to check the development of money laundering situation. It has specifically stipulated the crime of money-laundering in its new amendment to the Criminal Law. It has also issued many rules and regulations concerning the fight against money laundering, in which the process of customers’ identification, the rule for saving and storing transaction records, and the reporting of big amount and suspected transactions in financial institution are established.
In contrast to the western advanced countries, China started late in implementing anti-money laundering campaign. Government departments and financial institutions have not yet established a sophisticated anti-money laundering system and been lack of experience for the practice. Research in this field is not enough for the current campaign against money laundering. The dissemination of anti-money laundering knowledge is lagging behind. With the development of economic and financial globalization, the fight against money laundering and terrorism financing has crossed national borders. Deepening the research in this field and engaging in effective international cooperation have become important preconditions for the success of the campaign anti-money laundering and counter terrorism financing movement.
It is urgently needed to set up some professional research institutions in this field. Therefore, School of Economics, Fudan University takes the lead by establishing its Centre for Anti-Money Laundering Studies (CCAMLS). The centre will take advantage of the university’s comprehensive disciplinary institution and its prestige to promote the research into anti-money laundering and the education in this field, and to increase the participation in the international exchange of information and experience. It shall also provide assistance to the Anti-Money Laundering Bureau of People’s Bank of China.


Principles:

  • Conducting comprehensive and thorough research in the field of money laundering and the fight against it
  • Establishing a platform for international and domestic exchange of information and experience
  • Performing the role as an effective assistant to the Anti-Money Laundering Bureau of People’s Bank of China

Functions:

  • Conducting comprehensive and systematical research into the causes, composition, variation and development trend of money laundering;
  • Introducing foreign advanced experience and research results in this field;
  • Providing assistance to help the Anti-Money Laundering Bureau of People’s Bank of China to perfect relevant rules and regulations;
  • Collecting information and doing necessary research to provide the top leaders of the government references for their decision-making;
  • Enhancing the citizen's awareness of countering money laundering and disseminating knowledge in this field;
  • Helping the Anti-Money Laundering Departments of relevant institutions train professional talents and thus enhancing their fight against money laundering;
  • Making effective use of foreign and domestic talents and intelligence for the benefit of the country in its fight against money laundering and terrorism financing;
  • Setting up a research platform for international and domestic scholars to exchange information and study experience.

Operation goals:

  • To build a comprehensive data base of anti-money laundering studies
  • To set up a professional website of anti-money laundering in China
  • To accomplish the research projects assigned by Anti-Money Laundering Bureau of People’s Bank of China and other institutions
  • To assist Anti-Money Laundering Bureau of People’s Bank of China to draft rules and regulations concerning the campaign against money laundering and terrorism financing
  • To finish other tasks designated by PBOC Anti-Money Laundering Bureau
  • To organize and hold meetings concerning anti-money laundering and academic forums annually
  • To establish a talent bank of anti-money laundering experts composed of elites from all fields among the country.
  • To compile briefs on the latest news of anti-money laundering at home and abroad
  • To publish series of books in the field of anti-money laundering

Personnel:

Honorary director:

Dr. XIANG Junbo

Vice-president of People’s Bank of China

Director:      

Dr. YAN Shuang  

Vice-secretary general of CPC Fudan University Committee

Standing Director:

Dr. TANG Zhuchang

School of Economics, Fudan University

Secretary-general: 

Dr. YAN Lixin  

School of Economics, Fudan university

Office Director:   

MBA. SONG Ju 

China Center for Anti-money Laundering,Fudan University