Experts: Financial institutions should identify and monitor the risk of money laundering in virtual currencies from four dimensions

According to China Business News, Li Zhenxing, a senior expert at Beijing Jieshi Century Co., Ltd., said on the online public welfare anti-money laundering training on “New Risks in Money Laundering and New Countermeasures in Anti-Money Laundering”, according to the monitoring situation, according to the monitoring situation, December 31, 2019 On the 24th, bitcoin trading volume reached US $ 23.5 billion in 24 hours, equivalent to 72% of the Shanghai Stock Exchange, 53% of the Shenzhen Stock Exchange, 24% of the New York Stock Exchange, and 32% of the Nasdaq. "Such a large amount of capital throughput is quite amazing. The most popular new trend in global money laundering is laundering money through virtual currencies such as Bitcoin, mainly through anonymous cross-border transfer of funds."

Li Zhenxing suggested that financial institutions should identify and monitor the risk of money laundering from the four dimensions of transaction monitoring and money laundering assessment, KYC customer money laundering risk assessment, business products and financial institution money laundering risk assessment, so that the “business + customer + transaction” trinity of monitoring and early warning can be positive Derive and reverse cycle to form a closed loop of monitoring feedback.