The Supreme Court and the Supreme People's Procuratorate: Transactions in "virtual assets" are clearly listed as one of the methods of money laundering

According to news from this site on August 20, the Supreme People's Court and the Supreme People's Procuratorate jointly issued an explanation on several issues concerning the application of laws in handling criminal cases of money laundering on the 19th, which clearly listed the transaction of "virtual assets" as one of the methods of money laundering.

According to the Supreme People’s Court, with the widespread application of Internet technology, money laundering methods are constantly being updated and upgraded, and virtual currency, game currency, “benchmark platform”, live streaming rewards, etc. have become new types of money laundering The carriers and methods have put forward new and higher requirements for combating money laundering crimes.
The judicial interpretation clarifies seven specific situations in the criminal law that “use other methods to conceal or conceal criminal proceeds and the source and nature of the proceeds”, including the transfer and conversion of criminal proceeds through “virtual asset” transactions and financial asset exchange methods. of its income.
The judicial interpretation also clarifies that the amount of money laundering is more than 5 million yuan, and the money laundering behavior has been carried out multiple times; the refusal to cooperate with the recovery of property and property has resulted in the recovery of the stolen money and property; causing a loss of more than 2.5 million yuan; or causing other serious consequences One of the circumstances should be deemed as "serious circumstances".
Attached to this site are links to the original judicial interpretations of the Supreme Court and the Supreme People's Procuratorate:
https://www.court.gov.cn/fabu/xiangqing/440681.html

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