#Supreme People's Procuratorate Cracks Down on Virtual Currency Money Laundering#
Hot Topic Overview
Overview
The Supreme People's Procuratorate, at a recent national procurators' conference, emphasized the need to intensify efforts to punish money laundering crimes and crack down on illegal activities that utilize virtual currencies to transfer assets overseas. The conference called on procuratorial organs to severely crack down on financial crimes, including illegal fund-raising, loan fraud, financial fraud, market manipulation, and others, and to maintain a high-pressure posture against financial crimes involving a large number of people, striving to safeguard the financial security and stability bottom line. In addition, the conference stressed the need to leverage the role of the Procuratorate's Office stationed at the China Securities Regulatory Commission, improve and implement the handover mechanism for securities crime cases, promote the stable and healthy development of the capital market, and actively promote the establishment of a sound mechanism for coordination between administrative law enforcement and criminal justice in the financial sector, to strengthen the combined force of risk prevention, strengthened supervision, and promoting development.
Ace Hot Topic Analysis
Analysis
The Supreme People's Procuratorate, at a recent national procurators-general conference, emphasized the need to intensify efforts to crack down on money laundering crimes and to legally combat illegal asset transfers to overseas jurisdictions using virtual currencies. The conference explicitly stated that procuratorial organs should severely crack down on financial crimes, including illegal fundraising, loan fraud, financial fraud, market manipulation, and others, while maintaining a high-pressure stance in punishing financial crimes involving large numbers of people, striving to solidify the bottom line of financial stability and security. Furthermore, the conference stressed the need to leverage the role of the Procuratorate Office stationed at the China Securities Regulatory Commission, improve and implement the transfer mechanism for securities crime cases, and promote the steady and healthy development of the capital market. Meanwhile, procuratorial organs will actively promote the establishment of a sound mechanism for the dovetailing of administrative law enforcement and criminal justice in the financial sector, strengthening the combined force of risk prevention, enhanced supervision, and promoting development to effectively prevent and resolve financial risks. This move demonstrates the country's intention to further intensify its crackdown on virtual currency money laundering crimes, safeguarding financial security and stability, and promoting the healthy development of the capital market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Prosecution organs will intensify efforts to punish money laundering crimes, and crack down on illegal activities of transferring assets overseas using virtual currencies.
Strict measures should be taken to combat financial crimes, including illegal fund-raising, loan fraud, financial fraud, and market manipulation.
It is necessary to maintain high pressure on punishing financial crimes involving the masses and strive to build a solid foundation for financial security and stability.
We should actively promote the development of a sound mechanism for the coordination of administrative law enforcement and criminal justice in the financial sector, and strengthen the combined force of risk prevention, supervision, and development.