Legal basis: The first paragraph of Article 191 of the Criminal Law of People's Republic of China (PRC) covers up and conceals the income from drug crimes, organized crimes of underworld nature, terrorist crimes, smuggling crimes, corruption and bribery crimes, crimes of disrupting financial management order and financial fraud crimes, as well as the source and nature of the income. Whoever commits one of the following acts shall be confiscated of the above-mentioned criminal proceeds and sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or solely be punished. If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years and fined: (1) providing a capital account; (2) Converting property into cash, financial bills or securities; (3) Transferring funds by transfer or other payment and settlement methods; (4) Cross-border transfer of assets; (5) concealing or disguising the source and nature of the proceeds of crime and their proceeds by other means.