Liability for Legalization (Laundering) of Funds or Other Property Obtained by Criminal Means: Chinese Experience

Abstract

The article presents the results of studying the experience of Russia and China in the fight against money laundering. The main goal of this study is to develop an effective strategy to combat this type of crime. Particular attention is paid to the experience of China, as a state with one of the strongest economies in the world, which indicates an effective system for combating economic crimes in the country. The study of comparative legal aspects made it possible to identify the most successful methods and techniques in the fight against money laundering, which can be applied in other countries to increase the effectiveness of combating this problem. A generalized analysis of these factors is presented in this study. An analysis of the legislation of Russia and China in terms of combating money laundering was carried out. Based on the content analysis of the media, various money laundering schemes are presented.