Wang Jing Central Bank: The fight against money laundering will lead to a gradual change in compliance.

On November 26, Wang Jing, vice president of China Financial Corporation, addressed the 1st Lujiazui National Security and Finance Summit in 2021 and the 11th China Economic and Trade Summit. Advocate for the Money Laundering Summit, continuing to improve surveillance in recent years. important advantages. noted. Impact on the Financial Market With the positive changes in financial protection of financial companies, many companies are increasing their investments in financial sector protection, expanding businesses and money laundering operations, and providing a basis for a successful financial protection. laundry. Many important issues related to the long-term constraints of financial institutions being able to implement financial protection practices have been gradually resolved.

According to him, the Corporate Governance Corporation announced a new legal review since last year, strengthening the control of key companies in many small companies and focusing on the overall oversight of legal entities as a unit. . At the same time, the widespread use of “big data” analysis has led to the emergence of economic problems of financial protection and efforts to regulate significant sanctions. Last year, the venture capital company provided financial protection to more than 600 financial institutions and ordered the management of more than 500 million yuan for more than 500 million yuan crime outbreak.

Wang Jing noted that after many years of joint ventures between management and financial companies, the protection of financial institutions in the financial sector is about to reach a new level. Rules for adhering to performance targets. To be successful with financial protection in the financial industry on a new level, you need to change your mind, find the right job and take action, especially our approach. Relationships are important.

The first is the relationship between management and financial companies.Traditionally, in the field of financial protection, regulators and financial institutions have developed and implemented procedures. The process of commercialization is acceptance and export. Frequently asked questions from financial companies are "What should I do?" However, they often don't care what is really going on.

“We see in our preconceived idea that some financial protection is not appropriate for particular individual activities and companies. However, many organizations adhere to the regulatory framework, but still use their technology. There is no need. which domains are performing well is a major goal, not a task that administrators can accomplish unilaterally. , we must lean on the Company and the financial institutions to make them the most powerful and explore them together.

The second is the relationship between risk assessment and risk management.According to the new regulatory framework, the People's Bank of China has made financial institutions more and more convenient, in terms of independent management of companies' financial risks, and many organizations have also explored the importance of this. However, a problem that arises in some schools is that risk management is highly objective and not arbitrary.

In 2021, the company will publish “Guidelines for Self-Assessment of Money Laundering and Financial Fraud Risks of Financial Institutions,” indicating that financial companies should conduct financial risk management in accordance with their measures. Financial institutions should support self-assessment where necessary. Find out the truth from the facts in the office to identify and understand the money laundering risks of these organizations, carefully applying the rules of self-regulation by the regulatory agency, and establish risk-based risk management.

The third is the relationship between the financial institution and the business entity within the financial institution.In recent years, the venture capital firm has spoken out about the company's priorities in the area of ​​financial protection and has repeatedly spoken of the need to make the most of it, including the prevention of money laundering in financial institutions. business processes and corporate structure. to assess the risk of money laundering, etc. Involved and worked extensively in all financial protection businesses, and knowledge of financial protection and business level has improved significantly. But at the same time, the financial protection departments and companies of some organizations have also done poorly to communicate in the field of financial protection.

In fact, Wang Jing stressed that there should be more adequate cooperation with the division of responsibilities between the financial protection department and the business world. , can we see the effective and efficient way to protect the financial system?