The SAFE and the Ministry of Public Security Jointly Hold a Working Conference to Crack Down on Illegal and

Criminal Activities
Related to the Illegal Trading of Foreign Exchange
A working conference on cracking down illegal and criminal activities related to the illegal trading of foreign
exchange was held recently by the State Administration of Foreign Exchange (SAFE) and the Ministry of Public
Security (MPS). At the conference, the joint efforts by the SAFE and the MPS in 2013 to crack down on illegal and
criminal activities related to the illegal trading of foreign exchange were summarized and relevant work for 2014
was arranged. In addition, advanced groups and individuals in terms of combating illegal and criminal activities
related to the illegal trading of foreign exchange in 2013 were commended.
It was pointed out at the conference that the foreign exchange authorities and the public security organs at all levels
have tightened cooperation and have jointly carried out investigations according to the arrangements of the CPC
Central Committee and the State Council, uncovering in 2013 more than forty cases involving foreign exchange
related illegal and criminal activities including the illegal trading of foreign exchange in an amount over RMB50
billion and more than one hundred criminal suspects were captured on site. Great achievements were made and
foreign exchangerelated illegal and criminal activities of all kinds were successfully deterred.
It was emphasized at the conference that fluctuations in cross-border capital flows have been increasing since 2013.
Therefore, there is a heavy responsibility to prevent unusual foreign exchange capital flows. The foreign exchange
authorities and public security organs at all levels are required to strengthen study and judgments about the
situation, make innovations in terms of the means of investigation, and improve the relevance and effectiveness of
cracking down on foreign exchangerelated illegal and criminal activities. Efforts shall be made to increase
regional cooperation and to consolidate centralized governance in key regions in due time so as to build joint forces
for cracking down on foreign exchangerelated illegal and criminal activities. Meanwhile, upstream and
downstream crimes related to the illegal trading of foreign exchange shall be pursued based on available clues,
crime networks shall be thoroughly investigated, in particular criminal activities including money laundering and
activities transferring hidden illegal money. In addition to investigating the criminal responsibility of the operators
of underground money shops, administrative penalties shall be imposed on the participants in underground money
shop transactions to increase punishment for illegal and criminal activities, such as the illegal trading of foreign
exchange. In addition, investigations and research shall be strengthened in order early on to discover and to prevent
Index number:000014453-2014-00158 Dispatch date: 2014/07/07
Publish organization: State Administration of Foreign Exchange
Name: The SAFE and the Ministry of Public Security Jointly Hold a Working Conference to Crack Down on Illegal and Criminal Activities Related to the Illegal Trading of Foreign
Exchange
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new types of foreign exchangerelated illegal and criminal activities.
It was requested at the conference that the foreign exchange authorities and public security organs in 2014 should
continue to deepen their cooperation, upgrade the means of investigations, and continue to maintain high pressure
and to crack down on foreign exchangerelated illegal and criminal activities so as to safeguard the healthy
development of Chinas foreign-related economy and finance.
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State Administration of Foreign Exchange
Addess:Huarong Plaza, No.18 in Fucheng Road, Haidian District, Beijing
Postcod:100048 Informants'hot-line telephone:68402265
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