### Supreme People's Procuratorate Cracks Down on Virtual Currency Money Laundering Crimes#
Hot Topic Overview
Overview
The Supreme People's Procuratorate, at a recent national procuratorate chiefs' meeting, stressed the need to step up efforts to crack down on money laundering crimes and to crack down on illegal activities involving the use of virtual currencies to transfer assets overseas, in accordance with the law. The meeting called for a crackdown on financial crimes, including illegal fundraising, loan fraud, financial fraud, market manipulation, and others, and to maintain high pressure on financial crimes involving the public, in a bid to strengthen the financial security and stability bottom line. In addition, the meeting stressed the need to play the role of the procuratorate office stationed at the China Securities Regulatory Commission, to improve the implementation of the handover mechanism for securities crime cases, to promote the steady and healthy development of the capital market, and to actively promote the improvement of the mechanism for the coordination of administrative law enforcement and criminal justice in the financial field, in order to strengthen the joint force of risk prevention, enhanced supervision, and promoting development.
Ace Hot Topic Analysis
Analysis
The Supreme People's Procuratorate, at a recent national procurators' meeting, stressed that procuratorial organs will step up efforts to punish money laundering crimes and crack down on illegal transfers of assets overseas using virtual currencies. The meeting pointed out that financial crimes, including illegal fundraising, loan fraud, financial fraud, and market manipulation, should be severely cracked down upon. The meeting also stressed the need to maintain a high-pressure posture against financial crimes involving large numbers of people, striving to build a solid foundation for financial security and stability. The meeting also stressed the need to leverage the role of the procuratorial office stationed at the China Securities Regulatory Commission, improve and implement the mechanism for handing over cases of securities crimes, promote the healthy and stable development of the capital market, and actively promote the establishment of a sound mechanism for coordinating administrative law enforcement and criminal justice in the financial sector, strengthening the synergy of risk prevention, strengthened supervision, and promoting development. This move indicates that procuratorial organs will pay more attention to cracking down on money laundering crimes using virtual currencies and include them in the overall crackdown on financial crimes, aiming to maintain financial security and stability and promote 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 combat money laundering crimes and crack down on crimes involving the illegal transfer of assets to foreign countries through virtual currencies.
It is necessary to severely crack down on financial crimes, including illegal fund-raising, loan fraud, financial fraud, market manipulation, and other financial crimes, and maintain a high-pressure stance on combating financial crimes involving the public.
It is necessary to give full play to the role of the Procuratorate Office stationed at the China Securities Regulatory Commission, improve and implement the mechanism for handling securities crime cases, and promote the stable and healthy development of the capital market.
It is necessary to coordinate and prevent and resolve financial risks, actively promote the improvement of the mechanism for connecting administrative law enforcement and criminal justice in the financial field, and strengthen the combined forces of risk prevention, strengthening supervision, and promoting development.