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China’s Financial Crime Investigation Methods: A Look Inside CAMLMAC

In an effort to combat money laundering and other financial crimes, China has established a robust system for investigating suspicious transactions and gathering financial intelligence. At the heart of this system is the China Anti-money Laundering Monitoring and Analysis Center (CAMLMAC), an administrative Financial Intelligence Unit (FIU) under the People’s Bank of China (PBC).

The Role of CAMLMAC

As the supervisory authority for anti-money laundering operations by financial institutions, CAMLMAC plays a crucial role in collecting, analyzing, and disseminating financial intelligence to law enforcement agencies. Established in 2004, CAMLMAC has since become an important legal entity within China’s anti-money laundering framework.

Functions of CAMLMAC

The center’s major functions include:

  • Collecting and processing large-value transaction and suspicious transaction information
  • Analyzing suspicious transactions
  • Directing AML inspections
  • Disseminating suspicious transaction leads
  • Exchanging financial information with overseas counterparts
  • Establishing a national AML database
  • Researching money-laundering methods
  • Setting technical standards for reporting large-value transactions

Organization and Staff

The center is structured into 15 divisions, including:

  • General Affairs Division
  • Information Collection Division
  • Dissemination and Analysis Divisions
  • IT S&M Division
  • Solution Development Division
  • Research Division
  • International Cooperation Division
  • Accounting Division
  • Human Resources Division

CAMLMAC has a staff of 95 members, with approximately 80% holding PhD or Master’s degrees in fields such as economics, finance, accounting, statistics, law, or information technology.

Emphasis on Ethical Education

The center places great emphasis on ethical education to foster a team of qualified, well-disciplined, devoted, and professional staff. With its comprehensive range of functions and expertise, CAMLMAC has provided powerful financial intelligence support to law enforcement agencies in their efforts to combat money laundering and other financial crimes in China.

Last Update

Last updated: November 29, 2018