Source: Nanjing Daily
To further strengthen anti-money laundering (AML) awareness among university students and foster a sound AML atmosphere on campus, the unveiling ceremony of the "Jiangsu Provincial Anti-Money Laundering Public Education Base" was officially launched on the afternoon of 12 December 2023 at Nanjing Audit University. The event was hosted by the People's Bank of China Jiangsu Branch, the Jiangsu Provincial Public Security Department, and Nanjing Audit University, and organised by Bank of Communications Jiangsu Branch. Around 400 people attended, including heads of various banking institutions and some securities and insurance institutions, as well as student representatives. Through a multi-party collaborative model, the event established a new pathway for AML public education and injected new vitality into AML work across the province.
At the unveiling ceremony, speeches were delivered by Mr. Zhao Jiansheng, First-Level Inspector of the Jiangsu Provincial Public Security Department; Mr. Jia Tuo, Deputy Governor of the People's Bank of China Jiangsu Branch; Mr. Pei Yu, Vice President of Nanjing Audit University; and Mr. Ma Zequan, Deputy Governor of Bank of Communications Jiangsu Branch, on behalf of the financial institutions. Relevant leaders from the People's Bank of China Jiangsu Branch, the Jiangsu Provincial Public Security Department, Nanjing Audit University, and Bank of Communications Jiangsu Branch presented letters of appointment as AML voluntary publicity officers to 20 university students and jointly unveiled the base. After the ceremony, the People's Bank of China Jiangsu Branch organised a number of financial institutions — including commercial banks, securities, insurance and payment firms — to hold a themed publicity campaign on "Anti-Money Laundering Knowledge on Campus" at the Nanjing Audit University Library, educating students about the harms and common methods of money laundering crimes and strengthening AML awareness among the university student community.
Mr. Jia Tuo, Member of the Party Committee and Deputy Governor of the People's Bank of China Jiangsu Branch, stated that establishing an AML public education base is a valuable practice for bringing AML knowledge onto campus and a concrete measure for building a safe campus and constructing campus security safeguards. In the next step, the base will continue to promote the regularisation and long-term effectiveness of AML public education in universities through various means, including offering theoretical and practical AML courses, deepening cooperation with the AML research centre, and carrying out student AML social practice activities. It will give full play to the advantages of the AML public education base, continuously extend AML knowledge from campus to society at large, expand the social influence and reach of AML efforts, and build a society-wide AML ecosystem of joint prevention and control.
This event was mainly co-organised by the Anti-Money Laundering Research Centre of the Institute of Economics and Finance at Nanjing Audit University. The Centre was established in 2022.
In recent years, AML work has become an important safeguard for national security and financial stability, an important component of modernising China's governance system and capacity, and an important means of participating in global governance and expanding the two-way opening-up of the financial sector. In the face of a complex and volatile international landscape and the rapid development of financial innovation and financial technology, systematic, timely and effective research on AML theory and practice is of great significance. In view of this, with strong support from relevant authorities, the Institute of Economics and Finance of Nanjing Audit University — drawing on its research team with an international background and experts from AML-obligated institutions such as Bank of Jiangsu, Chang Hwa Bank, Nanjing Securities, and China Life Insurance Jiangsu Branch — jointly established the Anti-Money Laundering Research Centre.
The establishment of the Centre helps cultivate innovative talent, provides more research opportunities for students with spare capacity, fosters research interest, and supports the development of AML professionals. At the same time, the Centre will provide think-tank services to government, financial institutions, designated non-financial institutions and other AML-obligated entities, strive to expand its social influence, and become a leading hub in the field of AML research in Jiangsu Province, contributing to the safeguarding of national financial security.