What is the relationship between anti-money laundering and the registration system for depositing and withdrawing more than $50,000 in cash?

The origin of money laundering, at that time, some gangsters in the United States in order to turn the illegally earned money into clean money, they opened some laundromats, even if no one washed clothes, they would also deposit some money in the bank said that it was earned by washing clothes, through such a year after year day after day of saving money to turn their future money through illegal means into clean money, this is the origin of money laundering, it seems that some money is really washed out.

Many countries have their own unique way to combat black money, a lot of black money is kept in cash, because you can't provide a legal source, depositing a lot of cash in the bank will have a very big risk, because he will register the owner of the deposit, you don't have a normal occupation where so much income, through the analysis can know how your cash comes from, illegal or legal, so many people will store illegal income in the form of cash.

In the United States, there is a civil forfeiture system, a "civil forfeiture" system, which means that when a person cannot prove that the large amount of cash he carries is legal income, law enforcement officers may determine that the property is illegally obtained and have the right to confiscate the property. That is to say, you cannot prove that cash is your legitimate income, even if you have not committed a crime, then the police can confiscate according to the regulations, the police are very active in the confiscation of cash system, because according to the law of the United States, confiscated property can be legally used by the police to maintain office space or buy transportation. Therefore, many American police officers will think about whether to continue to pursue the crime or immediately confiscate the cash. We all know that the United States is a credit society, most of all payments are settled by credit card, in general, it is rare to use a lot of cash, only in the case of small payments to use cash, normal legal income is in the form of numbers, so there is no need for cash, if a person carries a lot of cash, it must be suspected of coming from the wrong way, if you can not provide reasonable proof, in the case of being found by the police, it will generally be confiscated. Not only the United States, but also the United Kingdom and Canada have similar laws.

Now in our country, the basic form of personnel income is also paid to you in the form of numbers, the income from doing business or other work is hit to the bank card, especially after the Alipay WeChat, our country has taken the lead in realizing the digital transaction of money than any other country, even if it is a small transaction, there is no cash, so there is a profession that disappeared in China that is a thief. If a person carries a lot of cash, and can not say the source of cash, then it is very likely to be illegally obtained, as for what family has such a large amount of cash, everyone should understand better than me.

Since March 1, our country has implemented a cash registration system, that is, you must verify your identity and clarify the whereabouts or source when you go to the bank to deposit more than 50,000 yuan or the equivalent of 10,000 US dollars in cash. This is simply bad news for some people, but for ordinary ordinary people, the binding effect of this law is minimal, because most people's wages are more than 50,000 yuan, even if more than 50,000 yuan is issued to the personal bank card in the form of numbers, it is impossible to issue in the form of cash, even if the transaction no one will charge a large amount of cash as a transaction method, so this system seems to be only for people who use cash to make deposits in the bank, or take out money to give to others. Because normal transactions do not require cash.

This is equivalent to the state stretching out two hands, firmly grasping the possibility of black money turning white, and also limiting the possibility of some people paying bribes. But Chinese is very clever, and even if there are so many restrictions on it, they will come up with other ways to crack those restrictions. I don't know exactly how to do it. But the loophole will eventually be closed, and the Chinese government's ban on virtual currency transactions is to deal with the use of virtual currency transactions to launder money. Blocking some people's money laundering channels, the recent period of bitcoin market decline is very fast, it is estimated that it has a lot to do with the Chinese government's regulations.

In addition to the registration system of 50,000 yuan in cash, the state has also introduced the Golden Tax No. 4 tax management software, any one person's capital transactions, can be managed by this software, as long as there are relevant personnel with funds, the software will analyze whether the use of funds is legal. Whether your income has been paid personal income tax, and whether the tax paid is paid in accordance with the prescribed proportions, so even if you earn millions of dollars as long as it is legal income and legally pays personal income tax, then your money is legal, and you can explain the normal source to the bank.

The state is filling in the loopholes of the past little by little, those who originally obtained a lot of funds because of illegal acts, it seems that only lying at home to sleep, because as long as it is used, it will be concerned, and it can be analyzed whether it is legal or illegal, these policies will make people like Zhao Dehan in "The Name of the People" those who will turn the original harvest into nothing, it seems that no matter what era, the income legally obtained from normal operation is protected by law. As long as you are diligent and brave with your own value to obtain wealth, no matter when you can use it with confidence, let everyone live in the sun, enjoy the sunshine is actually a very warm thing, only those who have ghosts in their hearts are not willing to enjoy the warmth of the sun, for us ordinary people, there is no bad heart in the heart to shine, this regulation that system is an umbrella for our people rather than being constrained.

Human beings try to build a good and harmonious society, but many times, some rules and regulations and even the implementation of laws will gradually deviate, and under the influence of complex human nature and other elements, they will finally show the opposite effect. As Samuel Johnson, the "great dictator" of 18th-century British literature, put it, the road to hell was paved with good intentions.

The original intention of any kind of law is for the normal development of society, in the process of implementation will inevitably be distorted and deformed, but we and the United States and other other countries of the national situation is not the same, although we will also learn from the laws of developed countries in Europe and the United States, but we are to ensure that the normal rights and interests of most people are not infringed, the rights and interests of the country are not infringed, and this kind of law in Europe and the United States has an essential difference.

Not long ago, the Chinese Bank, the Ministry of Public Security, the State Supervision Commission and other 11 departments jointly issued the "Three-Year Action Plan for Combating and Controlling Money Laundering And Crimes (2022-2024)", and decided to carry out a three-year action to combat money laundering crimes nationwide from January 2022 to December 2024.

It seems that the implementation of the 50,000 cash registration system is just the beginning, and more anti-money laundering policies will be introduced in the future.