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Chinese students help their friends to “change money” and are sentenced in the UK. Which actions are suspected of “money laundering”?

June 28, 2018 08:45
source: China Economic Net

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Do you have any group of Chinese people living in Austria or neighboring European countries in your WeChat, selling cooked food, snacks, or selling underwear, cosmetics, or renting, recruiting... classified information, and a kind of person, It is in the group that you can exchange money.

Their exchange rates are often more attractive than formal channels, have no fees, and can be traded in person.

Do you feel perfect?

As everyone knows, if you are not careful, you are not far from the jail.

  British students are sentenced for money exchange

Not alarmist, two days ago, the British broke out that Chinese students were being taken into custody by helping their friends to exchange foreign exchange privately, and they were sentenced to probation for alleged money laundering.

Xiaoli (pseudonym) studied at a university in the UK. After enrolling in September last year, she joined a private exchange WeChat group. Most of the group members used the RMB to exchange the pound. Exchange rate ratiobankinterest rateLow, and there is no handling fee, Xiaoli thinks this is very convenient. In November last year, she asked a classmate to help the other party to exchange money privately: receive cash with different people's joints, and then use their own UK bank account to transfer the money to the foreign exchange's pound account.

I don’t think it’s too big. Xiaoli has helped me several times. When she gets a lot of money, she can receive tens of thousands of pounds of cash. When she gets the money, she sends money to different accounts. There are hundreds of people and thousands of people. In fact, Xiaoli herself does not. Receive any "benefits". Unexpectedly, Xiaoli was taken to the police station by the police three months ago when she received cash from the connector. Later, she learned that the "connector" who sent the cash was caught by the police.

Xiao Li was sued for “money laundering”. She found in prison that several Chinese students were arrested for similar reasons. Only then did it realize that private exchange of money was suspected of violating the law and could have extremely serious consequences. Xiaoli decided to plead guilty and was sentenced to probation for alleged money laundering and was punished as a volunteer.

“The conviction of the exchange of exchanges indicates that the prosecution has confirmed that the sterling cash exchanged by the students is ‘赃钱’”GuohuaKang Qing, a criminal lawyer, said that the foreign exchange can't confirm the cash source. If the source is a criminal transaction such as drug trafficking or robbery, then the exchanger may be implicated, even if he is not informed.

Because of the legal risk of private exchange of foreign exchange, such cases are frequently seen in newspapers.

In May of this year, a Chinese man brought nearly 360,000 euros in exchange for the yuan.highwayIn the case of routine inspections by the Italian police, the man said that the money was exchanged for RMB from a newly-recognized Chinese in the Veneto region and is planned to expand overseas business. Cash was detained by the police on the spot and handed over to the procuratorate for investigation. The police tracked whether it involved money laundering transactions.

From November last year to mid-January this year, at least five Chinese in Los Angeles were arrested for private exchange of funds and allegedly charged with money laundering.

In Monterey Park, Los Angeles, a Chinese tourist was recently robbed in a family hotel. At the time, he was trading with the exchanger, ready to useBank of ChinaThe money in the account was exchanged for US dollars in cash, and suddenly broke into four masked gunmen, robbed the dollar cash used in the transaction, and forced to askBank of ChinaAccount and password.

An overseas Chinese lawyer introduced that she had represented a case of exchange fraud. The party contacted the counterparty through WeChat, and believed in the fake bank transfer screenshot sent by the other party and was defrauded. "Private exchanges often involve large sums of money, and this is not legally protected, so it is easy to be targeted by unscrupulous people, making the exchangers the object of robbery or fraud."

It is understood that this private exchange operation requires the euro party to transfer the agreed amount of RMB to the designated account by transferring the funds. The party providing the euro will give the euro cash to the other party after confirming the payment (and vice versa). ). If the party requesting the exchange of exchanges fails to receive the euro cash in the end, the amount of the bank transfer is the actual amount of the loss.

  Fraud? Money laundering? Double risk

In many countries, private exchange of funds is closely related to “money laundering” because you cannot determine the source of cash exchanged. If it is a drug transaction or a robbery, then if you have used it and used it through shopping, investment, and home ownership, it will be equivalent to “money laundering”. After the relevant cases are detected, the exchangers will also be implicated, ranging from fines to fines.

Since the beginning of this year, many Chinese embassies and consulates abroad have issued reminders, saying that they have received calls from Chinese citizens many times to reflect the fraudulent exchange fraud. Most of these victims have recommended each other through friends, contacted the exchange person in the WeChat group, and credulously credited the bank transfer screenshots sent by the other party or forged or canceled, resulting in fraudulent remittances and property damage. Chinese lawyers have called on overseas Chinese citizens and Chinese groups not to make small profits, and to exchange foreign exchange through formal and legal channels.

Many overseas Chinese and international students in Austria said that the Chinese exchange website and WeChat group are quite common in Austria, and the demand for new immigrants and new students is particularly obvious.

Some overseas Chinese leaders also said that he had joined a local Chinese WeChat group, including more than 400 participants. "Because public statements reminded the group members of the danger of private exchange, they were quickly kicked out and blacked out by the group owner," said the overseas Chinese leader.

"On the one hand, there are people who do not have enough knowledge about the risk of private exchange of exchanges. It is convenient for the moment. On the other hand, private exchanges have low barriers and high profits. Some people want to make some quick money. Some people want to make long-term profits and know that there are hidden dangers. I don’t hesitate to take risks, but in the end, it’s a stunned person. The overseas Chinese legal community is so general about private exchanges.

People in the legal profession have warned that many countries are strictly laundering money, and private exchange of exchanges cannot guarantee that the source of funds is legal. It is easy for foreign exchangers to become a part of the money laundering chain and may face legal penalties.

There are still many hidden dangers, and there are still people who insist on it. First of all, they are not aware of the dangers of private exchanges, and they are greedy. On the other hand, private exchanges have low barriers and high profits. Some people want to make some quick money, others want to make long-term profits. In the end, it is a stun.

Lawyers reminded that some behaviors that are common in overseas life, such as purchasing, buying, operating companies, etc., if there is a lack of reasonable explanation for the large sources of funds involved, there is also the risk of being identified as money laundering. In his view, no matter what identity or industry, it is necessary to have some basic economic and legal knowledge. It is also necessary to enhance the awareness of prevention. Lawyers also reminded: "Involving cash transactions, bank accounts, etc., even if relatives and friends ask for help, they should be vigilant."

  What actions are suspected of "money laundering"?

Greedy is cheap and big, and some of the behavior we take for granted, there are risks of “money laundering” crimes in many countries:

Carrying a lot of cash with you and not giving a reasonable explanation for the source of cash.

I opened a bank account overseas, and my relatives and friends transferred the money and wanted to buy a house, and did not explain the source of funds.

As a boss, paying wages in cash, not through bank accounts, employees who take cash to consume can be identified as company money laundering.

Purchasing often requires a lot of cash. Some people find someone to exchange money in private, but they don't know the source of cash.

In the WeChat group, the exchange of foreign exchange itself is suspected of breaking the law, and obtaining relevant licenses in order to engage in financial services.

At the same time, the Chinese who have traveled to the Olympics for many years also hope to remind everyone through "Weicheng":

Don't think that the WeChat server is in Beijing, and the overseas countries where you live will take you nothing!

Just as many people apply for a US travel visa now, you need to provide your personal micro-signal to the US Embassy or Consulate.

Similarly, don't assume that the Austrian authorities cannot monitor your words and deeds in the WeChat group.

According to people familiar with the matter, it is entirely possible for the WeChat group to have Chinese-speaking people hired by the Austrian authorities to observe your words and deeds. If there is a move beyond the thunder pool, you are entirely likely to become the next "target" of the Austrian authorities.

                (Editor: DF376)

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