TITLE:
Anti-Money Laundering Regulation of China’s Mobile Payment and Settlement Industry
AUTHORS:
Yanwei Wang, Yangchao Ou
KEYWORDS:
China, Mobile Payment Clearing, Anti-Money Laundering
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.3 No.11,
November
25,
2015
ABSTRACT: In recent years, with the continuous advance of payment equipment and technologies like China’s internet Finance, Big Data and Mobile Network, the anonymity, rapidity and cross-border transaction of mobile payment business have also brought many money laundering risks. Therefore, it is necessary to strengthen cooperation with the supervision organization of international payment and anti-money laundering business, and meanwhile to constantly improve the supervision mechanism of China’s payment and anti-money laundering business.