According to article 19 1 of the Criminal Law, knowing that it is the proceeds from drug crimes, organized crimes of underworld nature, terrorist activities, smuggling crimes, corruption and bribery crimes, crimes against financial management order and financial fraud crimes and the proceeds generated therefrom, in order to cover up and conceal their sources and nature,
Whoever commits one of the following acts shall be confiscated and sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or only be fined not less than 5% but not more than 20% of the money laundering amount; 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 shall also be fined not less than five percent but not more than twenty percent of the money laundering amount:
(a) to provide funds account;
(2) Assisting in converting property into cash, financial bills and securities;
(three) to assist the transfer of funds through transfer or other settlement methods;
(four) to assist the remittance of funds abroad;
(5) concealing or disguising the source and nature of the proceeds of crime and their proceeds by other means.
Extended data:
Foreign exchange control refers to the restrictive measures taken by a government to balance the international payments and maintain the exchange rate of its own currency. It is also called foreign exchange management in China. The government's international trade policy of restricting imports through laws and regulations to restrict international settlement and foreign exchange transactions.
Foreign exchange control is divided into quantity control and cost control. The former means that the State Administration of Foreign Exchange directly restricts and allocates the volume of foreign exchange transactions, and achieves the purpose of restricting exports by controlling the total amount of foreign exchange;
The latter means that the State Administration of Foreign Exchange implements a multiple exchange rate system for foreign exchange transactions, and uses the differences in foreign exchange transaction costs to adjust the structure of imported goods.
Foreign exchange control refers to any form of intervention by the government or the central bank in foreign exchange holding, foreign trade or capital flow to avoid excessive expansion of the national money supply or depletion of foreign exchange reserves.
Foreign exchange control can be divided into narrow sense and broad sense. In a narrow sense, foreign exchange control means that a government restricts residents' foreign exchange transactions and international settlement under current account. In a broad sense, foreign exchange control refers to a government's restrictive management of foreign exchange inflows and outflows involving residents and non-residents.
Foreign exchange management is carried out in accordance with national laws, principles and policies promulgated by the government and various rules and regulations. The executor of foreign exchange control is the central bank, the Ministry of Finance or other specialized agencies authorized by the government, such as the Administration of Foreign Exchange.
Natural persons and legal persons targeted by foreign exchange control are usually divided into residents and non-residents. Foreign exchange control laws and regulations in various countries usually have stricter control over residents and looser control over non-residents.
The objects of foreign exchange control include foreign banknotes and coins, foreign currency payment vouchers, foreign currency securities and gold; Some countries also involve silver, platinum and diamonds.
The effective scope of foreign exchange control laws and regulations is generally bounded by the national territory. In countries that set up special zones, some foreign exchange management regulations may not apply to special zones. The degree of foreign exchange control of different currencies in a country may also be different.
The activities targeted by foreign exchange control involve foreign exchange receipts and payments, foreign exchange trading, international lending, foreign exchange allocation and use; Determination of national currency exchange rate; The convertibility of the country's currency; And the cross-border flow of local currency, gold and silver.
There are various means of foreign exchange control, which are generally divided into price control and quantity control: the former refers to various restrictions on the exchange rate of local currency, while the latter refers to foreign exchange rationing control and foreign exchange settlement control.
There are three main ways to control foreign exchange:
1, quantitative foreign exchange control
2. Cost foreign exchange control
3. Mixed foreign exchange control
References:
Baidu encyclopedia-foreign exchange control