Legal basis: Article 191 of the Criminal Law of People's Republic of China (PRC) knowingly commits one of the following acts: illegal gains and gains from drug crimes, organized crimes of underworld nature, terrorist activities, and smuggling crimes, the illegal gains and the above-mentioned criminal gains shall be confiscated, and they shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and a fine of not less than 5% but not more than 20% of the amount of money laundering shall be imposed; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than five percent but not more than twenty percent of the money laundering amount:
(1) Providing capital accounts;
(2) Assisting in converting property into cash or financial instruments;
(three) to assist the transfer of funds through transfer or other settlement methods;
(four) to assist the remittance of funds abroad;
(5) Concealing or concealing the illegal proceeds of crime, their nature and sources by other means.
If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention; If the circumstances are serious, they shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years.