TechFlow news: The Supreme People's Procuratorate has issued the "Opinions on Exerting the Procuratorial Functions to Legally Serve and Safeguard High-Quality Financial Development." The document outlines a series of measures, including maintaining a high-pressure stance against mass-involved financial crimes such as illegal public deposit-taking, fundraising fraud, and organizing and leading pyramid schemes, as well as continuously intensifying efforts to crack down on illegal fundraising offenses in areas involving fake private equity funds, fake financial exchanges, eldercare, private equity funds, virtual currencies, and prepaid cards.
It also emphasizes consistently strengthening prosecution of money laundering crimes and lawfully punishing illegal business operations such as underground banks, illegal payment settlements, and illegal foreign exchange trading.
The opinions highlight attention to emerging risks involving financial violations and crimes conducted under the guise of investments in virtual currencies, digital collectibles, and similar assets, and call for proactive collaboration with relevant departments to develop response and resolution strategies.
