Generally speaking, fund companies improve their anti-money laundering work in three aspects: first, strengthen the risk assessment and response to money laundering; Second, establish and improve the money laundering risk management system; Third, continue to explore the application of financial technology in anti-money laundering work; Fourth, continuously improve the ability to perform duties in anti-money laundering work.
Strengthen customer information management
Recently, a number of fund companies issued announcements to remind investors to improve and update their identity information as soon as possible, so as not to affect their business handling, and said that they would restrict or suspend their business handling for customers with incomplete identity information.
China Merchants Fund recently announced that all individual investors who open accounts through the aforementioned direct sales channels, such as company official website, mobile APP and WeChat service number, need to provide and improve their personal identity information and upload a true and valid copy of their identity documents. Individual investors who have opened a fund account, if the identity information provided is incomplete and inaccurate and needs to be improved or changed, should update and supplement it through the institution that opened the fund account in time.
According to the announcement, investors should provide or update their identity information through institutions that open fund accounts in a timely manner. If the identity information is untrue, valid, incomplete and inaccurate, and it is not supplemented within a reasonable period of time, the company reserves the right to take measures such as reminding, restricting or suspending business operations, which may affect the subsequent business operations.
According to the reporter's incomplete statistics, as of May 27th, at least 20 companies have issued announcements to inform investors to improve customer identity information, including Jing Shun Great Wall Fund, ICBC Credit Suisse Bank Fund, China Post Fund, Yimin Fund and Tibet Cai Dong Fund.
Why identify yourself? A public offering compliance official in South China said that confirming the true identity of customers can prevent money laundering activities from the source, effectively protect the safety of customers' funds, and build a security line to prevent money laundering crimes and risks. Without an effective customer identification system, it is impossible to identify and report suspicious transactions. "By identifying customers, understanding and monitoring customer transactions, investigating suspicious transactions and terrorist financing activities, and providing comprehensive and effective information to relevant departments, it is conducive to curbing money laundering crimes and their upstream crimes." He said.
In fact, previously restricted by sales channels, the integrity of customer information needs to be further improved for a long time. A person in charge of an e-commerce company in Beijing, which is publicly offered by a brokerage firm, said that the consignment channel usually does not share customer information with fund companies, and fund companies can only ensure the integrity of the identity information of direct customers as much as possible.
However, in the past two years, with the improvement of relevant regulatory policies, the responsibilities of fund companies and financial institutions engaged in fund consignment business in identifying and evaluating the risks of money laundering and terrorist financing, and identifying the identity of customers have become clearer, and the integrity and accuracy of customer information have also been effectively improved.
Strengthen anti-money laundering management in an all-round way
China's fund industry provides professional financial services to hundreds of millions of families and is in the "first line of defense" of anti-money laundering work. Under the careful guidance of the regulatory authorities, fund companies have always regarded anti-money laundering as the top priority and adopted a number of measures to continuously improve the effectiveness of anti-money laundering management.
First, strengthen the risk assessment and response to money laundering. According to an insider, fund companies actively implement the requirements of risk-oriented work, comprehensively consider internal and external environment, customer types, business product operation mode, capital chain links and other factors, deeply explore the characteristics of money laundering risks, and construct and improve evaluation indicators.
"When fund companies carry out inclusive finance business such as Internet fund sales, they regard money laundering risk as an important aspect of the overall business risk, take effective prevention and control measures on the basis of evaluating and identifying risks, adhere to the real-name verification of accounts, and adhere to the principle that customers purchase and redeem funds in and out of the same account, cut off the way to transfer funds through fund transactions, and fully guarantee the safety of customers' funds." According to him.
The second is to establish and improve the money laundering risk management system. According to the inspector general of a fund company in Shenzhen, the company incorporated anti-money laundering into the comprehensive risk management system, and generally established a money laundering risk management framework composed of the board of directors, management, anti-money laundering management department and various functional departments. Management at all levels set up an anti-money laundering leading group, which is responsible for the daily leadership of anti-money laundering management. The leading group has an office responsible for anti-money laundering management, communication and coordination.
At the same time, we will constantly improve the risk management policy according to the risk and business development, and integrate money laundering risk management and anti-money laundering compliance into the company culture. Establish and improve the anti-money laundering system, strengthen the implementation of rules and regulations, formulate relevant detailed rules in light of actual and regulatory requirements, update and replace the original system provisions, and ensure the continuity and systematicness of various anti-money laundering management systems.
Third, actively explore the application of financial technology in anti-money laundering work. In the new era of digital economy, the empowerment effect of financial technology in the field of anti-money laundering and anti-terrorist financing has become increasingly prominent.
"Financial technology relies on its unique technological advantages such as data-driven, directly attacking the pain points and blocking points of anti-money laundering, and empowering the digital and intelligent transformation and upgrading of anti-money laundering monitoring and supervision, thus making anti-money laundering more efficient, accurate and deterrent." The above-mentioned inspector general said that financial technology has great potential in comprehensively improving the accuracy of customer identification, building a fund monitoring system based on the whole process, and establishing an optimization mechanism for suspicious transaction monitoring models.
The fourth is to establish a normalized learning and training mechanism to improve the ability of anti-money laundering work. Many companies carry out anti-money laundering publicity and business training in various forms to improve employees' anti-money laundering skills, cooperate with regulatory authorities to fulfill their legal obligations and strengthen risk control.
The reporter learned that in order to continue to do a good job in anti-money laundering supervision, local securities regulatory bureaus are also actively deploying anti-money laundering work in the securities and futures industries under their jurisdiction.
For example, Shenzhen Central Sub-branch of the People's Bank of China, together with Shenzhen Securities Regulatory Bureau and Shenzhen Banking Insurance Regulatory Bureau, recently organized the 2022 Shenzhen Anti-Money Laundering Work Conference. At the meeting, Shenzhen Securities Regulatory Bureau made an in-depth analysis on the weak links in the construction of anti-money laundering mechanism, the improvement of internal control system and the adaptability of anti-money laundering information system of securities and futures operating institutions in its jurisdiction.
At the same time, Shenzhen Securities Regulatory Bureau put forward the following requirements for further improving the anti-money laundering work in the industry: First, improve the construction of anti-money laundering governance mechanism, enhance the awareness of anti-money laundering responsibility of governance and management, improve the anti-money laundering work organization system, and increase the investment in anti-money laundering resources; Second, abandon the misunderstanding of formal compliance, improve the construction of anti-money laundering internal control mechanism, and build a pragmatic and effective anti-money laundering internal control system based on business practice; Third, strengthen the risk-based anti-money laundering capacity building, establish and improve the risk self-assessment system, optimize the allocation structure of anti-money laundering resources, and improve the efficiency and effectiveness of anti-money laundering; Fourth, attach importance to the adaptive construction of anti-money laundering information system, and constantly improve the transaction monitoring system in combination with its own business practice to ensure that the transaction monitoring system matches the actual business situation.