legal ground
Decision of NPC Standing Committee on Punishing Crimes of Foreign Exchange Fraud, Foreign Exchange Evasion and Illegal Foreign Exchange Trading.
Under any of the following circumstances, whoever fraudulently purchases foreign exchange in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 5% but not more than 30% of the amount of fraudulently purchased foreign exchange; If the amount is huge or there are other serious circumstances, 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 thirty percent of the amount of foreign exchange fraudulently purchased; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 5% but not more than 30% of the amount of foreign exchange fraudulently purchased or his property confiscated:
(a) the use of forged or altered customs declarations, import certificates, foreign exchange management approval documents and other documents;
(2) Reusing customs declarations, import certificates, foreign exchange management approval documents and other documents issued by the customs;
(3) fraudulently purchasing foreign exchange by other means.