#Supreme Procuratorate Cracks Down on Virtual Currency Money Laundering#
Hot Topic Overview
Overview
The Supreme People's Procuratorate, at a recent national procuratorate conference, emphasized the need to increase the punishment of money laundering crimes and crack down on illegal activities of using virtual currencies to transfer assets overseas in accordance with the law. The conference also stressed the need to severely crack down on financial crimes, including illegal fundraising, loan fraud, financial fraud, market manipulation, etc., and to leverage the role of the Procuratorate Office stationed at the China Securities Regulatory Commission, improve the mechanism for handing over securities crime cases, and promote the stable and healthy development of the capital market. In addition, the meeting also emphasized the need to coordinate the prevention and resolution of financial risks, actively promote the establishment of a mechanism for the connection of administrative law enforcement and criminal justice in the financial field, and strengthen the combined efforts of risk prevention, strong supervision, and promotion of development.
Ace Hot Topic Analysis
Analysis
The Supreme People's Procuratorate, at a recent national procuratorate chiefs' meeting, stressed that procuratorial organs will intensify efforts to combat money laundering crimes and crack down on illegal activities involving the transfer of assets overseas using virtual currencies. The meeting pointed out the need to severely crack down on financial crimes, including illegal fund-raising, loan fraud, financial fraud, and market manipulation. It also emphasized the importance of maintaining a high-pressure stance against financial crimes involving large numbers of people, striving to solidify the bottom line of financial security and stability. Furthermore, the meeting emphasized the role of the procuratorate offices stationed at the China Securities Regulatory Commission in perfecting and implementing the mechanism for transferring securities crime cases, promoting the steady and healthy development of the capital market. It also actively promoted the establishment of a sound mechanism for the coordination of administrative law enforcement and criminal justice in the financial field, strengthening the combined efforts of risk prevention, enhanced supervision, and promotion of development. This move indicates that the state will further intensify its crackdown on virtual currency money laundering crimes, safeguard 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
The procuratorial organs will step up efforts to punish money laundering crimes and crack down on illegal activities of transferring assets abroad through virtual currencies in accordance with the law.
It is necessary to crack down on financial crimes, including illegal fund-raising, loan fraud, financial fraud, market manipulation and other financial crimes.
It is necessary to maintain a high-pressure posture in punishing mass-involved financial crimes and strive to build a solid bottom line for financial security and stability.
It is necessary to actively promote the improvement of the linkage mechanism between administrative law enforcement and criminal justice in the financial field, and strengthen the synergy of risk prevention, supervision, and development.