Risk Indicators in the Current Chinese Charity Industry and Audit Recommendations to Mitigate the Relevant AML Risks

Yanhong Wang

The purpose of the paper is to discuss the risk indicators that have occurred or are potentially emerging in the current Chinese charity industry and offer recommendations from auditing and compliance perspectives to mitigate money laundering and compliance risks in the industry. The paper will emphasize the importance of the involvement of audit in charitable organizations. Audit plays a crucial role in the industry, not only in identifying suspicious activities, but also in improving internal control mechanism, social law mechanism and the overall credibility development of the industry.

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