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China's Criminal Law on the Punishment of the Accomplished Crime of Fraudulent Purchase of Foreign Exchange

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China's Criminal Law on the Punishment of the Accomplished Crime of Fraudulent Purchase of Foreign Exchange


        

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  • 2024-05-26 10:00:55

    The punishment for the completed crime of defrauding foreign exchange is defined as fixed-term imprisonment of not more than five years or criminal detention, and a fine. In case of illegal purchase of foreign exchange of 200000 US dollars or illegal gains of 50000 yuan or more, the amount is relatively large, and criminal responsibility shall be investigated according to law.

    [Legal Basis]

    In Article 190 of the Criminal Law, if a company, enterprise or other unit, in violation of State regulations, deposits foreign exchange abroad without authorization or illegally transfers foreign exchange within the territory of China to foreign countries, and the amount involved is relatively large, the unit shall be fined not less than 5% but not more than 30% of the amount of foreign exchange evasion, The persons who are directly in charge and the other persons who are directly responsible shall also be sentenced to fixed-term imprisonment of not more than five years or criminal detention;

    If the amount is huge or there are other serious circumstances, the unit shall be fined not less than 5 percent but not more than 30 percent of the amount of foreign exchange evasion, and the persons who are directly in charge and the other persons who are directly responsible for it shall be sentenced to fixed-term imprisonment of not less than five years.

    Hi***

    2024-05-26 10:00:55

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