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How much money laundering will lead to conviction

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How much money laundering will lead to conviction


        

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  • 2024-06-15 03:00:01

    There is no amount requirement for the punishment of money laundering. As long as money laundering is carried out, it will constitute a crime. After verification, it is necessary to convict and sentence. The crime of money laundering refers to the act of concealing the source and nature of the proceeds of drug crime, organized crime in the nature of underworld, terrorist activity crime, smuggling crime, corruption and bribery crime and the proceeds generated.

    Legal basis:

    Article 191 of the Criminal Law
    The proceeds from the above crimes and the proceeds generated from them shall be confiscated in case of legal acts to cover up and conceal the source and nature of the proceeds from drug crimes, organized crimes of triad nature, terrorist crimes, smuggling crimes, corruption and bribery crimes, crimes against financial management order, and financial fraud crimes, Sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than five percent but not more than 20 percent of the amount of money laundered; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years and shall also be fined not less than 5 percent but not more than 20 percent of the amount of money laundered.

    Ai***

    2024-06-15 03:00:01

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