Anti-Money Laundering Regulation of China’s Mobile Payment and Settlement Industry

Yanwei Wang^*, Yangchao Ou

School of Economics and Management, Southwest Jiaotong University, Chengdu, China.

DOI: 10.4236/jss.2015.311033                

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.

Keywords

China, Mobile Payment Clearing, Anti-Money Laundering

Conflicts of Interest

The authors declare no conflicts of interest.

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