1. How long is the general sentence for a first-time offender of money laundering?
The crime of money laundering refers to illegal gains and proceeds that are known to be drug crimes, organized crimes of a mafia nature, corruption and bribery crimes, terrorist activities crimes, smuggling crimes, etc., in order to cover up and conceal their source and nature, through Acts that legalize illegal gains through deposits, investments, or listings in financial institutions.
Money laundering, as the name suggests, is to clean up black and dirty money. The so-called black money and dirty money broadly refer to money from unknown or illegal sources, such as money from drug trafficking, smuggling, terrorist activities, underworld nature, corruption, bribery, etc.
For the crime of money laundering, the criminal law stipulates: First, illegal and criminal proceeds and their proceeds shall be confiscated, and the person shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or solely be fined not less than 5% and 20% of the amount of money laundered. A fine of not less than 5% but not more than 20% of the amount of money laundered; secondly, if the circumstances are serious, the illegal and criminal proceeds and their proceeds shall be confiscated, and the person 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 5% but not more than 20% of the amount of money laundered; thirdly, if the unit commits this crime If the case is serious, the unit shall be fined, and the persons directly in charge and other directly responsible persons 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 10 years.
2. How long is the general detention period for money laundering?
Let’s first look at whether there is a plea of ??“unknowing” of innocence.
The crime of concealing the proceeds of a crime: it depends on whether you knowingly deal in stolen goods. Knowing refers to "knowledge" or "evidence of presumed knowledge", and does not include "negligent ignorance (that is, should have known but did not know due to negligence)", let alone "no-fault ignorance". The legal relationship and fact determination of the crime of money laundering (formerly known as the crime of stolen goods) are very complicated. If you don't understand it yourself, you should promptly entrust a lawyer who specializes in criminal defense.
You can read our lawyer's articles "General defense ideas for knowing that it is stolen goods" and "Specific defense ideas for knowing that it is proceeds of crime"
3. What is the crime of money laundering and what is the sentence? Year?
According to the interpretation of the country's "Criminal Law", if someone knowingly commits an act that disrupts financial order, provides a fund account for the perpetrator, or assists the perpetrator in transferring illegal funds, or helps him cover up or conceal it, the principal shall be confiscated. Property obtained from criminal acts shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention. If the circumstances are particularly serious, the offender may be sentenced to fixed-term imprisonment of not less than five years but not more than ten years. 25% of the total money laundering fine will be confiscated. If the person assists others in money laundering, the person will be sentenced to a fixed-term imprisonment of more than the same crime depending on the seriousness of the case. If a criminal embezzles other people's financial accounts to conduct illegal money laundering activities without the parties' knowledge, he may be sentenced to life imprisonment. However, if the person knows that the account has been stolen but does not report it to the police, he will be sentenced as an accomplice.
Money laundering is a range of lucrative and complex crimes. Specifically, criminals use banks, the Internet or other financial channels to transfer funds that are expressly prohibited by law and obtained through illegal channels, or to obtain cash or use them for financial investments. Deceiving its illegality and diverting the legality of a criminal act. This is a criminal act that seriously disrupts the order of the financial market and is regarded as a major public nuisance by the international community. This is a criminal offence.
4. Common money laundering methods
There are generally three common methods of money laundering.
The first is to remit black money by signing import and export trade contracts with foreign companies or other non-Chinese regions. This method requires cooperation with overseas accomplices to produce corresponding counterfeit banknotes to cover up.
The second type is outflow through underground banks. There are some illegal banks and casinos in society, which are usually the main places for the inflow of black money. Criminals can quickly flow out the black money through these channels.
Third, diversifying the investment of black money is also the easiest way for criminals to hide. If the funds are broken into parts, it is difficult for the public security organs to collect evidence.